Forest & Investment Details
|Indicative initial offer||$39,800 - $40,800 for 200 shares|
|Projected return at harvest||$86,650 gross for 200 shares|
|Projected harvest date(s)||2023-2024|
|Projected future contributions (Calls)||$0 per annum|
|Location||28km north of Masterton|
|Established net stock area||315.9 hectares|
|Investment structure||Limited Partnership (registered Managed Investment Scheme)|
|Balance date||31 March|
|Next forest visit||To be scheduled|
About Cleland Forest
Indicative Initial OfferAn indicative Offer of $39,800 represents an 8% tax paid compounded return per annum while an indicative Offer of $40,800 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 Cleland 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 29 August 2018 is $86,650 using log prices as at 30 June 2018. Note tax is payable on this amount, at the investors marginal tax rate. Harvest should occur in 2023 (52%) and 2024 (48%), but please note that variations around this timing are likely. The projected gross return is updated either at balance date or when shares are listed for sale.
Investment StructureCleland Forest Investment is a registered Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013 - Scheme Number SCH10943. 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 Cleland 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 Cleland 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 Cleland forest visit was held on 24 November 2012. 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