Forest & Investment Details
|Location||47km southwest of Gisborne|
|Established net stock area||301.4 hectares|
|Year(s) planted||1994-1995, 2017|
|Investment structure||Limited Partnership (registered Managed Investment Scheme)|
|Balance date||31 March|
|Next forest visit||2022 TBD|
About Portview North Forest
Investment StructurePortview North Forest Investment is a registered Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013 – Scheme Number SCH10939. 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 Report contains 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 Portview North Forest, future annual Calls are expected to be $0. This may be subject to change.
TaxEach May, investors are sent a Tax Details Statement advising their tax position for the year, to be included in their annual tax return.
Annual ReportThe financial year for the Portview North Forest Investment is to 31 March. The Annual Investment Reports - comprising the requisite Annual Report plus Financial Report (including the 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 Portview North Forest Visit and Meeting was held 31 March-1 April 2017. The next visit is likely to be scheduled during harvest around 2022. 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