The issuer of this investment has indicated that a minimum of $30,210,000 must be raised before it is issued.
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's description of this product:
Units in the PMG Generation Fund
Minimum investment
$1,140
This is the minimum amount you would need to put into this in order to invest.
Closing date
30 Mar 2022
This is when this offer closes to investors.
Scheme type
Residential or commercial Property
This is a property investment scheme, either residential or commercial.
Key facts
Minimum total to be raised
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.
Product Disclosure Statement.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.
Financial Statements 31 March 2021.pdf
Financial Statements 31 March 2020.pdf
Prospective Financial Information.pdf
Valuation Report for Sharpe Road Property.pdf
Valuation Report for Gough Street Property.pdf
Valuation Report for Bethlehem Town Centre.pdf
Valuation Report for 244 Heretaunga Street West, Hastings.pdf
Valuation Report for Vickerys Road Property.pdf
Valuation Report for Jamaica Drive Property.pdf
Other Material Information - Feb 2022.pdf
Section 60 FMCA Consent for Vickerys Road Property.pdf
Section 60 FMCA Consent for Sharpe Road Property.pdf
Section 60 FMCA Consent for Jamaica Drive Property and Gough Street Property.pdf
Section 60 FMCA Consent for Bethlehem Town Centre.pdf
Section 60 FMCA Consent for 244 Heretaunga Street West, Hastings.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.
SIPO - PMG Generation Fund - Oct 2024.pdf
Strategies and objectives for this investment
Additional details
Scheme manager
Name
PMG PROPERTY FUNDS MANAGEMENT LIMITED
Type
NZ Limited Company
NZBN
9429038892080
FSP Number
Supervisor
Name
COVENANT TRUSTEE SERVICES LIMITED
Offer details
Date registered
22 February 2022
Date opened
02 March 2022
Date closing
30 March 2022
Further payments may be required
No
Restrictions on transfer
Yes
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR13276: OFFER OF UNITS IN PMG GENERATION FUND
Scheme
SCH12827: PMG GENERATION FUND
Next steps
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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
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Interested in investing in this offer? Visit the provider's website.