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Distribution Finalisation Announcement for Period Ended 31 August 2025 - EASYBF
EasyETFs (RF) (Pty) Ltd
(Registration number 2013/078096/07)
Being the manager of the EasyETFs Scheme
EasyETFs Balanced Actively Managed ETF
(a portfolio under the EasyETFs Scheme registered as such in terms of the Collective Investment
Schemes Control Act, 45 of 2002)
Alpha/Share Code: EASYBF
Long Name: BAF Actively Managed ETF
Short Name: BAF AMETF
ISIN: ZAE000340642
Distribution Finalisation Announcement Period Ended 31 August 2025
The Manager and Trustees of the EasyETFs Scheme (being EasyETFs (RF) (Pty) Ltd and RMB),
respectively, have declared a distribution to holders of EASYBF securities ('investors') recorded in the
register on Friday, 19 September 2025 in respect of the period ended 31 August 2025.
An aggregate amount of 16.70799 cents (R0.1670799) per EASYBF security is declared as follows:
Dividend Dividend Dividend
Dividend (64N > (64N =/< (64N > *Interest *Interest REIT Total
EASYBF DTA) DTA) DTA)
Distribution Foreign Foreign SA Foreign SA
Source type Local SA Listed Listed Listed Foreign Local Local
Net Distribution
Reinvested No No No No No No No
Source of Funds
(Country Code) ZA US Table 1 BE US ZA ZA
Subject to
Foreign
Withholding tax No Yes No Yes No No No
Gross Foreign
Rate (cents per
unit) 0.02615 1.33420 0.12934 0.00003
Foreign Tax %
withheld at 27.10220
source % 30.00000%
Foreign Tax
amount per unit 0.00709 0.03880
DTA with Source 15.00000
Country % 15.00000%
Foreign Tax 12.10220
Reclaim % % 5.00000%
Portfolio/Manage
ment Cost
Interest Expense
Other costs
Gross ZA
Distribution
(Cents per unit) 4.52140 0.01906 1.33420 0.09054 0.00003 10.31652 0.42624 16.70799
***Applicable to non-exempt South African shareholders
Gross Local Rate
(cents per unit) 4.52140 0.02615 1.33420 0.12934 0.00003 10.31652 0.42624
SA Withholding 20.00000% 5.00000% 20.00000% 5.00000% Note 1
Tax %
SA Withholding
Tax amount per
unit 0.90428 0.00131 0.26684 0.00647
Local Net Rate 3.61712 0.01775 1.06736 0.08407 0.00003 10.31652 0.42624 15.52909
Note 1: 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. The Gross rate for
non-residents is 0.42624 and the net rate is 0.34099 cents per unit.
Table 1
Country ISO Code Split Tax Rate Split DTA rate Reclaim rate
Great Britain GB 84.34% 20.00000% 15.00000% 5.00000%
Singapore SG 15.66% 20.00000% 15.00000% 5.00000%
Notice is hereby given that the following dates are of importance with regards to the distribution for the
month ended 31 August 2025 by the AMETF to holders of EASYBF securities:
Declaration Date Thursday, 11 September 2025
Last day to trade "cum" distribution: Tuesday, 16 September 2025
Securities trade "ex" distribution: Wednesday, 17 September 2025
Record date: Friday, 19 September 2025
Payment date: Monday, 22 September 2025
The distribution will be paid on Monday, 22 September 2025 to all securities holders recorded in the
register on Friday, 19 September 2025.
*** South African Tax: 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.
Cape Town
11 September 2025
Listing Advisor
Prescient Capital Markets (Pty) Ltd
Date: 11-09-2025 11:49:00
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