Forest & Investment Details
| Indicative initial offer | $30,048 for 200 shares |
| Projected return at harvest | $61,732 pre-tax for 200 shares |
| Projected harvest date(s) | Until 2033 |
| Projected future contributions (Calls) | $0 per annum |
| Location | 42km north of Gisborne |
| Established net stock area | 419.7 hectares |
| Year(s) planted | 1994-1995 |
| Investment structure | Limited Partnership (registered Managed Investment Scheme) |
| Balance date | 31 December |
| Next forest visit | TBA |
About Te Karaka North Forest
Indicative Initial Offer
An indicative Offer of $30,048 represents an 8% tax paid compounded return per annum over the investment term. This indicative offer is for a holding of 200 shares in Te Karaka North 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 remaining projected gross return as at listing is $61,732 at log prices to 31 December 2023. Note tax is payable on harvest income at the investors marginal tax rate. The remaining harvest should be completed by 2033, but please note that variations around this timing are possible. The projected gross return is updated either at balance date or when shares are listed for sale.Investment Structure
Te Karaka North Forest Investment is a registered Managed Investment Scheme (MIS) under the Financial Markets Conduct Act 2013 – Scheme Number SCH10981. 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
With annual income being received from harvesting and from New Zealand Carbon Leasing (No 1) Limited for carbon rental in Te Karaka North 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.The Investment Report provides details on the tax liability to a buyer for distributions paid to the seller since balance date.
Annual Report
The financial year for the Te Karaka North 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 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.Location
Download Forest Location Map
