There are some aspects of this fund which may require extra consideration before deciding to invest.
Restrictions on transfer
There are rules around transfering in and out of this investment, which may depend on eligibility. For example, overseas investors may not be able to transfer into some New Zealand managed funds. Or there may be restrictions on withdrawals, such as not until age 65 for KiwiSaver funds.
Issuer can withhold payment
In this case, the provider of this investment may not pay investors back straight away. This is important to know and acknowledge as you research investments.
Issuer's description of this product:
Redeemable preference shares
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Closing date
This offer does not have a closing date and is a continuous issue. It's likely you'll be able to invest for the forseeable future.
Maturity
Rate
Key facts
Provider website
Issuer's industry
Wholesale
Credit ratings
Credit ratings can help you understand whether your investment in bonds will pay or if you'll get your money back. They indicate the long-term ability of the issuer to repay its debts. See also the Reserve Bank's primer on credit ratings and a map of the three scales used by the rating agencies.
This is the credit rating for this particular bond or debt security.
Issuer credit rating
This is the credit rating for the organisation issuing the bond or debt security.
Maturity
Maturity description
This investment offer finishes after the above time period.
Rate
Rate description
Dividends are payable at annual rates for each investment term shown on a rate card issued by NZPM. NZPM alters these rates from time to time. Alterations take effect on the first day of the next quarterly period. Current rates are shown on the latest rate card and are available by contacting NZPM's Share Registrar on 09 306 5545 or can be viewed at www.nzpm.co.nz
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
NZPM Product Disclosure Statement for Non-Transacting Shareholders (26 February 2025).pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Information incorporated by reference - NZPM Product Disclosure Statement for an offer of Redeemable Preference Shares - 7 July 2016.pdf
Supplementary Document - NZPM Redeemable Pref Shares (7 July 2017).pdf
Sale of Aquatherm - 4 April 2018.pdf
Extension of loan agreements - 10 December 2019.pdf
Announcement - Covid19 - 27 March 2020.pdf
Announcement - NZPM Earnings and Rebate Dividend update - March 2021.pdf
Additional details
Issuer details
Name
NZPM CO-OPERATIVE LIMITED
Type
NZ Co-operative Company
Industry
Wholesale
Website
Registration number in country of origin
210161
NZBN
9429039986900
FSP Number
Credit rating
Not provided
Supervisor
Name
THE NEW ZEALAND GUARDIAN TRUST COMPANY LIMITED
Offer details
Date registered
04 July 2016
Date opened
04 July 2016
Closing date
None
Continuous issue
Yes
Further payments may be required
No
Restrictions on transfer
Yes
Issuer can withhold, reduce, or delay payment
Yes
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR10695: OFFER OF REDEEMABLE PREFERENCES SHARES BY NZPM CO-OPERATIVE LIMITED TO NON-TRANSACTING SHAREHOLDERS
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. nzpm.co.nz