Definition of terms and acronyms
A right granted by the owner of land to someone else to establish and/or maintain and harvest a forest. Forestry Rights are commonly registered against the titles to the relevant land under the Forestry Rights Registration Act 1983.
Under the Limited Partnerships Act 2008, the General Partner (GP) is the person is responsible for the day-to-day management of the Limited Partnership and its business. This management responsibility has been contracted out by the GP to Forest Enterprises Limited as the Investment Manager. However, limited partners retain control by holding shares in the General [...]
Improving the growth performance, wood quality and other aspects of trees through breeding.
Changing the qualities of a particular species (plant or animal) by manipulating and changing the genetic structure of that species (e.g. by adding genetic material from another species). Forest Enterprises has no genetically modified trees. Ongoing research in this field is being undertaken by New Zealand’s forest research organisation, SCION but there are currently no [...]
GF stands for Growth and Form and is a rating system used to compare treestocks (genetics). In general, the higher the GF rating, the higher the assessed projected performance in terms of growth and form of the resulting trees.
The Governing Documents are the deeds, agreements or instruments that constitute or govern Forest Enterprises' Managed Investment Schemes for the purposes of the Financial Markets Conduct Act 2013. These are available to read and download from the Scheme Register at www.companiesoffice.govt.nz/disclose by searching under ‘Search Schemes’.
A measurement of land area equal to 10,000 square metres.
A forest that occurs naturally, containing a diversity of native and endemic tree species which seed, grow, mature and die within the natural cycle. Indigenous (native) forests contrast with plantation forests that are planted as a crop.
Investing in forestry directly by purchasing shares in a listed forestry company which owns a number of forests. See also Direct Forestry Investment.
The amount investors initially pay to buy shares in an investment. (There are also regular, on-going, instalment payments called Calls). Generally, a fixed initial cost applies for new issue investments, while an indicative initial offer applies to established Forest Enterprises investments available by open tender.