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Download Investment Report
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.
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Forest & Investment Details
| Indicative initial offer | $179,175 for 1,000 shares |
| Projected return at harvest | $404,061 pre-tax for 1,000 shares |
| Projected harvest date(s) | 2024 -2033 |
| Projected future contributions (Calls) | $0 per annum |
| Location | 45km southeast of Masterton |
| Established net stock area | 594.6 hectares |
| Year(s) planted | 1995- 1997 |
| Investment structure | Limited Partnership (registered Managed Investment Scheme) |
| Balance date | 31 December |
| Next forest visit | To be scheduled |
About Ngahape Forest (tenders close noon 26/9)
Indicative Initial Offer
An indicative Offer of $179,175 represents an 8% tax paid compounded return per annum over the investment term. This Indicative Offer is for a holding of 1,000 shares in Ngahape 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 gross return for 1,000 shares at 5 September 2024 is $404,061 using log prices as at 31 December 2024. Note tax is payable on this amount, at the investors marginal tax rate and a Cost of Timber will apply. Harvest is underway. The projected gross return is updated either at balance date or when shares are listed for sale.Investment Structure
Ngahape Forest Investment is a registered Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013 - Scheme Number SCH10944. 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 Ngahape 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 Ngahape 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 Ngahape forest visit was held on March 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.Location
Download Forest Location Map
