Forest & Investment Details

Indicative initial offer $38,900 - $39,800
Projected return at harvest $92,697 before tax
Projected harvest date(s) 2023-2030
Projected future contributions (Calls) $0 per annum
Location 30km southeast of Masterton
Established net stock area 352.2 hectares
Year(s) planted 1995-1996
Investment structure Limited Partnership (registered Managed Investment Scheme)
Balance date 31 March
Next forest visit To be scheduled
Download Investment Report

About Ruakiwi Forest (tender closed)

Indicative Initial Offer

An indicative Offer of $38,900 represents an 8% tax paid compounded return per annum while an indicative Offer of $39,800 represents a 7.5% tax paid compounded return per annum over the investment term. These Indicative Offers are for a holding of 200 shares in Ruakiwi 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.

Projected Return at Harvest

The projected gross return for 200 shares at 4 October 2021 is $92,697 using log prices as at 31 August 2021. Note tax is payable on this amount, at the investors marginal tax rate. Harvest should occur from 2023 until 2030, 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

Ruakiwi Forest Investment is a registered Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013 - Scheme Number SCH10948. 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 Ruakiwi 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 Ruakiwi Forest Investment is to 31 March. 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 Ruakiwi forest visit was held on 23 November 2018. 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