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Forest & Investment Details

Indicative initial offer $30,721 per 200 shares
Projected return at harvest $56,118 projected distributions
Projected harvest date(s) Until 2031
Projected future contributions (Calls) $0 per annum
Location 38km east of Masterton
Established net stock area 310 hectares
Year(s) planted 1996, 1997
Investment structure Limited Partnership (registered Managed Investment Scheme)
Balance date 31 March
Next forest visit To be scheduled
Download Investment Report

About Tinui Forest (settlement post 1/4/2026)

Indicative Initial Offer

An indicative Offer of $30,721 represents an 8% tax paid compounded return per annum over the investment term. The indicative offer is for a holding of 200 shares in Tinui Forest and represents the net present value of the Cashflow Projection set out in the Investment Report, assuming a tax rate of 33 cents in the dollar. This indicative value is updated either at balance date or when shares are listed for sale.

Projected Return at Harvest

The projected remaining distributions at 10 February 2026 is $56,1198 using 36m average log prices to 31 March 2025. Note tax is payable on this amount, at the investors marginal tax rate. Harvest should occur through to 2031, but please note that variations around this timing are possible. The projected pre-tax return is updated either at balance date or when shares are listed for sale.

Investment Structure

Tinui Forest Investment is a registered Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013 - Scheme Number SCH10949. It is structured using our Limited Partnership (LP) investment structure.
LPs are a form of partnership involving General Partners (who are liable for all the debts and liabilities of the partnership) and Limited Partners. The liability of Limited Partners (investors) is limited and they are only liable to the extent of their capital contributions (funds invested), plus any other obligations expressed in the Limited Partnership Agreement.

Projected Future Calls

Each annual Financial Statements contain details on Calls to be paid by investors for the next financial year together with the budget from which they are calculated. With annual income being received from New Zealand Carbon Leasing (No 1) Limited for carbon rental in Awadale Forest, future annual Calls are expected to be $0. This may be subject to change.

Tax

Each May, investors are sent a Tax Details Statement advising their tax position for the year, to be included in their annual tax return.

Annual Report

The financial year for the Tinui Forest Investment is to 31 March. The Annual Investment Reports comprising the requisite Annual Report plus Financial Statements are available 4 months from this balance date. These reports and the investment's governing documents are available from the Companies Office Disclose Register at www.companiesoffice.govt.nz/disclose.

Forest Visits and Informal Meetings

The last Tinui Forest visit was held on in July 2022. The next visit is yet to be scheduled. These visits enable investors to view their growing forest and to meet and ask questions of the Forest Enterprises management team.

Location