Bideford Forest

Forest & Investment Details

Indicative initial offer	$18,997 for 377 shares on a contributions basis (refer Investment Report)
Projected return at harvest	$117,397 pre-tax for 377 shares
Projected harvest date(s)	2030 for Carbon and 2047/51 for Harvesting
Projected future contributions (Calls)	$5,542 until 2029
Location	22km northeast of Masterton
Established net stock area	667.2 hectares
Year(s) planted	2016 - 2025
Investment structure	Limited Partnership (registered Managed Investment Scheme)
Balance date	31 March
Next forest visit	To be scheduled

Download Investment Report

About Bideford Forest

Indicative Initial Offer

The share contributions to date have been used as an Indicative Value. Please refer to the Investment Report.
$18,997 reflects total pre-tax investor contributions to date per 377 shares.
A Discounted Cashflow valuation will be calculated once this figure exceeds the share contributions to date.

Projected Return at Harvest

The projected distributions at listing date total $117,397 using a cabon price of $58 as at 31 March 2024 and 36 month average log prices to 31 March 2024. Note tax is payable at the investors marginal tax rate. Carbon income will be earned from 2030 and harvest of 116ha should occur in 2047 and 2051, but please note that variations around this timing are possible. The projected pre-tax return is updated either at balance date or when shares are listed for sale.

Investment Structure

Bideford Forest Investment is a registered Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013 - Scheme Number SCH13429. 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. The projected calls until 2029 total $5,542 per 377 shares.

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 Bideford 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 first forest visit is on 24 November 2024. These visits enable investors to view their growing forest and to meet and ask questions of the Forest Enterprises management team.