Issuer's description of this product:
Ordinary shares in Punakaiki Fund Limited
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Fixed offer price
This is the price per share of this offer. Additional details may be available.
Closing date
This is when this offer closes to investors.
Key facts
Provider website
Issuer's industry
Other
Fixed offer price details
Fixed offer price description
$25.50 per share. The price per share has been based on a small discount to the net asset value per share of Punakaiki Fund Limited as at 20 November 2020 (excluding the cash component of the accrued performance fee liability), less the provision for the accrued performance fee liability including the Cash component (recorded as a liability) and the Share component (recorded as share based payment reserve); and excluding the brokerage fee payable on the offer to the manager.
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.
Punakaiki Fund - Product Disclosure Statement - December 2020 (final relodged version - 2 December 2020).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.
Punakaiki Fund - Statement of Investment Policies and Objectives.pdf
Punakaiki Fund - Investment Guidance.pdf
Punakaiki Fund - Board Charter.pdf
Punakaiki Fund - Investment Valuation Policy.pdf
Punakaiki Fund - Delegated Authority Policy.pdf
Punakaiki Fund - Management Agreement.pdf
Punakaiki Fund - Socially Responsible Investment Policy.pdf
Punakaiki Fund - Diversity Policy.pdf
Punakaiki Fund - Protected Disclosures Policy.pdf
Punakaiki Fund - Other Material Information Relating to the Offer.pdf
Additional details
Issuer details
Name
PUNAKAIKI FUND LIMITED
Type
NZ Limited Company
Industry
Other
Website
NZBN
9429030271302
FSP Number
Credit rating
Not provided
Offer details
Date registered
26 November 2020
Date opened
04 December 2020
Closing date
17 December 2020
Continuous issue
No
Further payments may be required
No
Restrictions on transfer
No
Restrictions on acquisition
No
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR13008: OFFERING OF ORDINARY SHARES IN PUNAKAIKI FUND LIMITED
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. punakaikifund.co.nz