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Forest & Investment Details

Indicative initial offer $37,024
Projected return at harvest $86,734 pre-tax
Projected harvest date(s) 2024 ~ 2031
Projected future contributions (Calls) $0 per annum
Location 44km northeast of Gisborne
Established net stock area 504.4 hectares
Year(s) planted 1996, 1997
Investment structure Limited Partnership (registered Managed Investment Scheme)
Balance date 31 December
Next forest visit To be confirmed
Download Investment Report

About Pukerewa Forest (Tenders close noon 25th July)

Indicative Initial Offer

An indicative Offer of $37,024 represents a projected 8% tax paid compounded return per annum over the investment term. This indicative Offer is for a holding of 200 shares in Pukerewa 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 distributions as at 8 July 2023 is $186,734 at log prices as at 31 December 2023. Note tax is payable on this amount, at the investors marginal tax rate. Harvest is anticipated to occur from 2024 through to 2031, 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

Pukerewa Forest Investment is a registered Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013 – Scheme Number SCH10978. 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 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 Pukerewa 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 Pukerewa Forest Investment is to 31 December. 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 Meetings

The last Pukerewa Forest Visit and Informal Meeting was held in January 2024. The next visit is not yet 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