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Forest & Investment Details

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

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, 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 last Glenross Forest visit was held on 15 March 2014. 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



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