PRESCIENT GLOBAL FUNDS ICAV - TBIMAI - Distribution Finalisation Announcement for the Period Ended 30 September 2026
What this filing means
A routine quarterly distribution notice for the TBIMAI actively managed ETF, declaring 59.3 ZAR cents per unit (gross) for the period ended 30 September 2026, payable to holders on the register on 16 October 2026. The gross and local gross rates are identical — no foreign withholding applies — and the net local rate of 47.44 cents reflects the standard 20% SA dividend withholding tax. This is a mechanical payment notice, not an earnings or valuation signal.
The TBIMAI ETF is paying out 59.3 cents per unit to its investors — a routine distribution from the fund's income over the quarter. After South Africa's 20% dividend withholding tax, a South African resident investor receives 47.44 cents per unit. There is no foreign tax involved. The key dates are: securities stop trading with entitlement on 13 October, trade ex-distribution on 14 October, record date 16 October, and payment on 19 October. This is a standard fund administration event, not a signal about the ETF's performance or direction.
Bear case
- The filing scope is limited to distribution mechanics and tax treatment; the table lists only Gross Foreign Rate, SA Withholding Tax and Local Net Rate, with no NAV, portfolio performance, income statement or fee-disclosure line.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
A standard quarterly distribution from a listed multi-asset income ETF. The amount, timing, and tax treatment are entirely routine — the filing's purpose is administrative (setting the register date and payment date) rather than to convey an investment signal. So what: the distribution mechanics are set; investors who held through the ex-date receive payment on 19 October. Any performance view requires the fund's NAV or portfolio disclosure, which this notice does not contain.
The fund's NAV update or portfolio holdings disclosure is where investors would assess the income-generating quality of the underlying assets.
Evidence from the filing
Filing scope is limited to distribution mechanics; no performance metrics disclosed.
“Portfolio/Management Cost Interest Expense Other costs”
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