Forest & Investment Details

Indicative initial offer $279,300-$285,950 for 700 shares
Projected return at harvest $469,206 gross for 700 shares
Projected harvest date(s) 2022-2023
Projected future contributions (Calls) $0 per annum
Location 42km southeast of Masterton
Established net stock area 444.1 hectares
Year(s) planted 1994-1995
Investment structure Limited Partnership (registered Managed Investment Scheme)
Balance date 31 December
Next forest visit March 2019
Download Investment Report

About Lowlands Forest

Indicative Initial Offer

An indicative Offer of $279,300 represents an 8% tax paid compounded return per annum while an indicative Offer of $285,950 represents a 7.5% tax paid compounded return per annum over the investment term. These Indicative Offers are for a holding of 700 shares in Lowlands 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. Please note the 'Cost of Timber' impact on these values.

Projected Return at Harvest

The projected gross return for 700 shares at 26 October 2018 is $469,206 using log prices as at 30 September 2018. Note tax is payable on this amount, less the Cost of Timber component, at the investors marginal tax rate. Harvest should occur in 2022 (43%) and 2023 (57%), 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 Structure

Lowlands Forest Investment is a registered Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013 - Scheme Number SCH10964. 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 Lowlands Forest, future annual Calls are expected to be $0. This may be subject to change.


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 Lowlands 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 Lowlands forest visit was held on 5 November 2011. The next visit is scheduled in March 2019 but is yet to be confirmed. 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