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TBIMAI Distribution finalisation announcement
Prescient Global Funds ICAV
("the Issuer")
TBI Global Multi-Asset Income Fund
(being a portfolio under the Prescient Global Funds ICAV ("the ICAV")
Share Code: TBIMAI
Long Name: TBI Actively Managed ETF
Short Name: TBGIAMETF
ISIN: ZAE000342127
DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER END 31 MARCH 2025
The Manager and Trustees of the Prescient Global Funds ICAV, have declared a distribution to
holders of TBIMAI securities ('investors') recorded in the register on Friday, 11 April 2025 in respect of
the quarter ended 31 March 2025.
An aggregate amount of 129.60000 cents (R1.29600) per TBIMAI security is declared as follows:
TBIMAI Dividend TOTAL
Foreign SA
Distribution Source type Listed
Net Distribution Reinvested No
Source of Funds (Country Code) IE
Subject to Foreign Withholding tax No
Gross Foreign Rate (cents per unit) 129.60000 129.60000
Foreign Tax % withheld at source
Foreign Tax amount per unit
DTA with Source Country
Foreign Tax Reclaim %
Portfolio/Management Cost
Interest Expense
Other expense
Gross ZA Distribution (Cents per unit) 129.60000 129.60000
Applicable to non-exempt South African shareholders:
Gross Local Rate (cents per unit) 129.60000 129.60000
SA Withholding Tax % 20%
SA Withholding Tax amount per unit 25.92000
Local Net Rate 103.68000 103.68000
Notice is hereby given that the following dates are of importance in regard to the distribution for the
month ended 31 March 2025 by the AMETF to holders of TBIMAI securities:
Declaration Date Thursday, 03 April 2025
Last day to trade "cum" distribution: Tuesday, 08 April 2025
Securities trade "ex" distribution: Wednesday, 09 April 2025
Record date: Friday, 11 April 2025
Payment date: Monday, 14 April 2025
The distribution will be paid on Monday, 14 April 2025 to all securities holders recorded in the register
on Friday, 11 April 2025.
No dividend withholding tax will be deducted from dividends payable to a South African tax resident
qualifying for exemption from dividend withholding tax provided that the investor has provided the
following forms to their Central Securities Depository Participant ("CSDP") or broker, in respect of its
participatory interest:
a) a declaration that the distribution is exempt from dividends tax; and
b) a written undertaking to inform their CSDP or broker, should the circumstances affecting the
exemption change or the beneficial owner cease to be the beneficial owner, both in the form
prescribed by the South African Revenue Service. South African tax resident investors are
advised to contact their CSDP or broker, to arrange for the abovementioned documents to be
submitted prior to payment of the distribution, if such documents have not already been
submitted.
Distributions by Real Estate Investment Trusts (REITs) are subject to income tax for South African tax
residents and for non-residents it is subject to 20% SA withholding tax.
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.
Non-resident investors for South African income tax purposes
The dividend distribution received by non-resident investors will be exempt from income tax in terms
of section 10(1)(k)(i) of the Act but will be subject to dividend withholding tax. Dividend withholding tax
is levied at a rate of 20% unless the rate is reduced in terms of any applicable agreement for the
avoidance of double taxation ("DTA") between South Africa and the country of residence of the non-
resident investor.
A reduced dividend withholding rate in terms of the applicable DTA may only be relied on if the non-
resident investor has provided the following forms to their CSDP or broker, in respect of its
participatory interest:
a) a declaration that the dividend is subject to a reduced rate as a result of the application of a
DTA; and
b) a written undertaking to inform the CSDP or broker should the circumstances affecting the
reduced rate change or the beneficial owner cease to be the beneficial owner, both in the
form prescribed by the South African Revenue Service. Non-resident investors are advised to
contact their CSDP or broker, to arrange for the abovementioned documents to be submitted
prior to the payment of the distribution if such documents have not already been submitted.
Both resident and non-resident investors are encouraged to consult their professional advisors should
they be in any doubt as to the appropriate action to take.
03 April 2025
Listing Advisor
Prescient Structured Product Advisory (Pty) Ltd
Date: 03-04-2025 02:33:00
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