Johannesburg, Attacq Limited, a key player in the South African real estate investment trust (REIT) sector, declared an interim gross dividend of 30.00000 cents per share for the six months ended December 31, 2023. This announcement follows the company’s publication of its condensed unaudited consolidated interim financial results on the Stock Exchange News Service (SENS).
Shareholders are advised of the following important dates related to the dividend:
The last day to trade cum dividend is set for Tuesday, April 2, 2024.
Shares will trade ex-dividend from Wednesday, April 3, 2024.
The record date for the dividend is Friday, April 5, 2024.
Payment of the dividend will occur on Monday, April 8, 2024.
For shareholders holding dematerialized shares, dividends will be transferred to their Central Securities Depository Participant (CSDP) or broker accounts on the payment date. Certificated shareholders will have their dividends deposited around the same date. In cases where banking details are unavailable for certificated shareholders, dividends will be held in trust until such details are provided for electronic transfer.
As a REIT, Attacq’s dividend qualifies for specific tax treatment under section 25BB of the Income Tax Act, No. 58 of 1962. For South African tax residents, this dividend will not be exempt from income tax but is exempt from dividend withholding tax, provided certain declarations and undertakings are submitted to the CSDP, broker, or the company. These documents must confirm the exemption status of the dividend and the ownership of the shares.
For non-resident shareholders, the dividend is not subject to income tax but is ordinarily subject to a 20% dividend withholding tax, unless reduced by an applicable double taxation agreement (DTA). Non-residents are required to submit declarations and undertakings to benefit from any reduced rate, confirming their eligibility and informing of any changes in circumstances that affect their reduced rate.
The total number of shares in issue as of December 31, 2023, was 748,618,337, including 46,427,553 treasury shares. Attacq’s tax reference number is 9241/038/64/6.