SENS-AI
Dividend FX Determination Neutral

PRESCIENT GLOBAL FUNDS ICAV - TBIMAI - Distribution Finalisation Announcement for the Period Ended 31 October 2026

Full analysis

What this filing means

Prescient Global Funds ICAV has declared a distribution of 32.70000 ZAR cents per TBIMAI security for the period ended 31 October 2026, payable on 16 November to holders on the register at 13 November. For non-exempt South African shareholders the 20% dividend withholding tax takes 6.54000 cents, leaving a local net rate of 26.16000 cents. The filing also sets the last day to trade cum distribution at 10 November.

The fund is handing holders a set amount of cash per unit for the October period. If you are a South African holder who has not filed the exemption paperwork with your broker, tax is taken off before the money reaches you — 26.16 cents rather than 32.70. Nothing here changes what the fund holds or how it is run; it is the scheduled payout mechanics.

Bear case

  • The filing gives no performance, portfolio or income-composition detail, so the distribution cannot be assessed against what generated it.

AI-generated summary by SENS-AI, based on the original JSE SENS filing.

SENS-AI conclusion

A scheduled distribution declaration with no economic signal beyond the payout itself: the amount, the tax treatment and the timetable are all stated, and nothing in the filing speaks to the fund's performance or strategy. The one practical detail is the 20% withholding tax that takes the local net rate to 26.16000 cents for holders who have not lodged exemption declarations. So what: nothing changes in the investment case, and the next thing that matters is the fund's own portfolio and performance reporting.

No follow-up is needed on this notice; the next substantive disclosure is the fund's own portfolio and performance reporting.

Evidence from the filing

  • The declared amount per security.

    “An aggregate amount of 32.70000 ZAR cents (R0.32700) per TBIMAI security is declared as follows:”

  • Withholding tax reduces the net rate for non-exempt South African holders.

    “SA Withholding Tax % 20.00000%”

  • The local net rate after withholding tax.

    “Local Net Rate 26.16000 26.16000”

  • The record date for holders entitled to the distribution.

    “distribution to holders of TBIMAI securities ('investors') recorded in the register on Friday, 13 November”

  • The payment date.

    “The distribution will be paid on Monday, 16 November 2026 to all securities holders recorded”

  • The last day to trade cum distribution.

    “Last day to trade “cum” distribution: Tuesday, 10 November 2026”
Category
Dividend FX Determination
Event posture
No Edge
Published
Nov 5, 2026

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