There are some aspects of this fund which may require extra consideration before deciding to invest.
FMA exemption
Some funds are exempted from the disclosure requirements, so certain information may not be available for these offers. Or the information provided might be in a different form, given the bespoke nature of the offer. Here's more on Financial Markets Authority exemptions.
The Offeror relies on clauses 18 to 20 of the Financial Markets Conduct (Forestry Schemes) Exemption Notice 2016 which specify that as the GP has been incorporated solely for being the general partner of LP, and Investors will beneficially own the GP shares, with decision making rights, there are no disclosure and reporting requirements in the FMC Act relating to the GP shares.
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's description of this product:
Shares in a Limited Partnership
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Closing date
This is when this offer closes to investors.
Scheme type
This investment scheme can be a number of kinds – see the accompanying documents here for more.
Key facts
Provider website
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.
Ngatawhai Group Forest Investment PDS 27.9.19.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.
Prospective Financial Information to 31 March 2021.pdf
Baker Tilly Staples Rodway assurance report.pdf
Prospective Financial Information Life of Scheme.pdf
Ngatawhai Group Forest Management Plan.pdf
Forestry Audit Report and Consent.pdf
Other Material Information.pdf
Morice Land Valuation Report.pdf
Mark Morice Consent.pdf
Baker Tilly Staples Rodway consent letter.pdf
Prospective Financial Information to 31 March 2021.pdf
Prospective Financial Information Life of Scheme.pdf
NGF Supplementary Document to PDS 10 Sept 2020.pdf
Statement of investment policy and objectives (SIPO)
A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.
Ngatawhai Group Forest Investment - Statement of Investment Policy and Objectives.pdf
Strategies and objectives for this investment
Additional details
Scheme manager
Name
FOREST ENTERPRISES LIMITED
Type
NZ Limited Company
Website
NZBN
9429031875752
FSP Number
Supervisor
Name
TRUSTEES EXECUTORS LIMITED
Offer details
Date registered
23 September 2019
Date opened
07 October 2019
Date closing
29 January 2021
Further payments may be required
Yes
Restrictions on transfer
Yes
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
Yes: The Offeror relies on clauses 18 to 20 of the Financial Markets Conduct (Forestry Schemes) Exemption Notice 2016 which specify that as the GP has been incorporated solely for being the general partner of LP, and Investors will beneficially own the GP shares, with decision making rights, there are no disclosure and reporting requirements in the FMC Act relating to the GP shares.
Reference numbers
Offer
OFR12726: NGATAWHAI GROUP FOREST INVESTMENT
Scheme
SCH12683: NGATAWHAI GROUP FOREST INVESTMENT
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. forestenterprises.co.nz