Forest & Investment Details
| Indicative initial offer | $17,889 per 200 shares |
| Projected return at harvest | $35,514 projected distributions |
| Projected harvest date(s) | Until 2032 |
| Projected future contributions (Calls) | $0 per annum |
| Location | 60km west of Napier/Hastings |
| Established net stock area | 226.5 hectares |
| Year(s) planted | 1992, 1996, 1997 |
| Investment structure | Limited Partnership (registered Managed Investment Scheme) |
| Balance date | 31 December |
| Next forest visit | To be scheduled |
About Glenross Forest (tenders close noon 25 Feb)
Indicative Initial Offer
An indicative Offer of $17,889 represents an 8% tax paid compounded return per annum over the investment term. The Indicative Offer is for a holding of 200 shares in Glenross Forest and represents 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 Harvest
The projected remaining distributions for 200 shares at 10 February 2026 is $335,814 using log prices as at 31 December 2024. Note tax is payable at the investors marginal tax rate. Harvest is occurring through to 2032. The projected gross return is updated either at balance date or when shares are listed for sale.Investment Structure
Glenross Forest Investment is a registered Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013 - Scheme Number SCH10965. 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 Glenross Forest, and harvest now having commenced, 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 Glenross Forest Investment is to 31 December. 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 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
Download Forest Location Map
