Distribution and Re-investment Announcement – 6 months to 30 June 2019 – STXILB
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX ILBI PORTFOLIO
JSE code: STXILB
ISIN code: ZAE000240123
(‘Satrix ILBI’ or the ‘ETF’)
A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective
Investment Schemes Control Act, 45 of 2002
DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT – 6 MONTHS TO 30 JUNE 2019
Investors are advised that the Manager and Trustees of the Satrix Collective Investment Scheme (being Satrix
Managers (RF) (Pty) Limited and Standard Chartered Bank), respectively, have declared a distribution to
holders of Satrix ILBI securities(‘investors’) recorded in the register on Friday, 19 July 2019 in respect
of the 6 months ended 30 June 2019 as follows:
An aggregated amount of 11.11 ZAR cents (R 0.11110) per Satrix ILBI security is declared as follows:
Alpha Dividend/ Foreign/ Sourc Gross Subject Withholding Net
code Interest Local e of Distribution to Tax (%) Distribution
funds (Cents per Withhold (Cents per
unit) ing tax unit)
STXILB Interest Local 11.11000 No 11.11000
The distribution is exempt from Withholding Tax on Interest (WTI) as it comprises coupons received on bonds issued by
the Government of South Africa and interest on listed debt instruments and/or bank debt.
Notice is hereby given that the following dates are of importance in regard to the distribution for the 6
months ending 30 June 2019 by the ETF to holders of Satrix ILBI securities:
Last day to trade ‘cum’ distribution: Tuesday, 16 July 2019
Securities trade ‘ex’ distribution: Wednesday, 17 July 2019
Record date: Friday, 19 July 2019
Payment date: Wednesday, 24 July 2019
The distribution is calculated after taking into account accrued expenses incurred by the fund and thus
represents a distribution net of fund expenses.
Withholding Tax on Interest (WTI) came into effect on 1 March 2015.
Interest accruing from a South African source to a non-resident, excluding a controlled foreign company,
will be subject to withholding tax at a rate of 15% on payment, except interest,
• arising on any Government debt instrument
• arising on any listed debt instrument
• arising on any debt owed by a bank or the South African Reserve Bank
• arising from a bill of exchange or letter of credit where goods are imported into South Africa and where
an authorized dealer has certified such on the instrument
• payable by a headquarter company
• accruing to a non-resident natural person who was physically present in South Africa for a period
exceeding 183 days in aggregate, during that year, or carried on a business through a permanent
establishment in South Africa
In accordance with the investment policy of the ETF the distributions were re-invested on behalf of investors
through the purchase of securities comprising the Index, thereby increasing the net asset value of ETF and,
proportionately, each ETF security.
To the extent that the distributions (or any part thereof) are taxable in the hands of an investor, the
investor will be liable for the tax associated with such distributions, notwithstanding that the
distributions are re-invested on behalf of investors (and are not paid over to investors).
The distribution will:
– where Satrix ILBI securities are held on capital account be added to the base cost of each Satrix
ILBI security for capital gains tax purposes; or
– where Satrix ILBI securities are held as trading stock be regarded as part of the cost of acquiring
a Satrix ILBI security.
11 July 2019
Vunani Corporate Finance
Date: 11/07/2019 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
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