Forest & Investment Details
|Location||21km north of Gisborne|
|Established net stock area||250.9ha|
|Investment structure||Limited Partnership (registered Managed Investment Scheme)|
|Balance date||31 December|
|Next forest visit||To be scheduled|
About Millmore Forest
Investment StructureMillmore Forest Investment is a registered Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013. 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 Greenhills Forest, future annual Calls are expected to be $0. This may be subject to change.
TaxEach May, investors are sent a tax letter advising their tax position for the year, to be included in their annual tax return.
Annual ReportThe financial year for the Millmore 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 MeetingsThe last Millmore Forest Visit and Informal Meeting was held on 9 November 2019 . 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