Forest & Investment Details
|Indicative initial offer||$42,000-$43,400|
|Projected return at harvest||$114,676 before tax|
|Projected harvest date(s)||2024-2031|
|Projected future contributions (Calls)||$0 per annum|
|Location||45km southwest of Gisborne|
|Established net stock area||484.0 hectares|
|Investment structure||Limited Partnership (registered Managed Investment Scheme)|
|Balance date||31 March|
|Next forest visit||To be scheduled|
About Clearview Forest (tenders close 5pm 28 October)
Indicative Initial OfferAn indicative Offer of $42,000 represents an 8% tax paid compounded return per annum while an indicative Offer of $43,400 represents a 7.5% tax paid compounded return per annum over the investment term. These Indicative Offers are for a holding of 200 shares in Clearview Forest and represent the net present value of the Cashflow Projection set out in the Investment Report, assuming a marginal 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 HarvestThe projected gross return for 200 shares at 12 October 2020 is $114,676 using log prices as at 31 March 2020. Note tax is payable on this amount, at the investors marginal tax rate. Harvest should occur in 2024-2031, but please note that variations around this timing are highly likely. The projected gross return is updated either at balance date or when shares are listed for sale.
Investment StructureClearview Forest Investment is a registered Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013 - Scheme Number SCH10933. 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 CallsEach 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 Clearview Forest, future annual Calls are expected to be $0. This may be subject to change.
TaxEach May, investors are sent a Tax Details Statement advising their tax position for the year, to be included in their annual tax return.
Annual ReportThe financial year for the Clearview 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 MeetingsThe last Clearview forest visit was held on 31 March 2017. 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.
Download Forest Location Map