MyFarm Kiwifruit Fund Quarterly Auction
Managed Investment Scheme
Register InterestThe law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer if you are a person who comes within Schedule1, clause 3(2)(a)-(c) or 3(3)(a)-(b)(ii) (inclusive) of the Financial Markets Conduct Act 2013. This includes where the amount invested upfront by the investor (plus any other investments the Investor has already made in the financial products) is $750,000 or more. If you fall within Schedule 1, clause 3 of the FMCA as a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.
Introducing the MyFarm KiwiFruit Fund: Register your interest below for the upcoming Quarterly Unit Auction. The Auction is an opportunity for wholesale investors to invest in the Fund outside of fixed capital raise windows, by participating in a secondary market trading event.
Registrations of interest for the Auction close on Friday 25th October 2024.
The MyFarm KiwiFruit Fund is an opportunity for Wholesale Investors to invest in a diversified portfolio of established SunGold(TM) Kiwifruit orchards targeting an annual return of 10%*.
SunGold(TM) has been New Zealand's most productive and profitable kiwifruit variety. Investors in the Fund will share in the ownership of 17 orchards (160 hectares) located across Bay of Plenty and Northland and planted almost exclusively (97%) in SunGold(TM).
With a combined asset value of nearly $200 million, MyFarm KiwiFruit Fund is one of New Zealand’s largest kiwifruit investment entities.
By virtue of its size, one of the standout features is the Fund’s eligibility to take a significant shareholding in Zespri – the world’s biggest kiwifruit exporter. Only growers can invest in these shares, which have a track record of paying gross dividends in the range of 15-25% p.a.
The scale of the Fund provides significant benefits for investor returns:
- Access to multiple revenue streams: orchard income and dividends from Zespri shares. The Fund aims to own up to 7.6 million Zespri shares (half of its entitlement) or 15% of net asset value, whichever is greater.
- Potential to provide more consistent returns. Geographic diversification means capital expenditure costs are spread across a bigger base – as are the risks from weather and other one-off events.
- Reduced costs including financing and overheads.
- Potential to keep improving the quality of the portfolio by reinvesting in existing orchards or trading up (selling and buying orchards).
Investment Highlights:
- An investment in a portfolio of 17 SunGold kiwifruit orchards located in Bay of Plenty and Northland.
- Targeted cash distributions of 7.5% p.a., from Year Two. In the First Year, distributions are forecast at 4.5%*
- Targeted total return, including capital growth, of 10% p.a.*
- Cash returns will be driven by orchard profitability and income from shares in Zespri Group Limited.
- Minimum investment $20,000.
- Available to wholesale investors only.
To watch a short video regarding the Offer, view here.
To receive a copy of the Information Memorandum, register for the Quarterly Unit Auction, or to discuss further with a MyFarm representative please register your interest below.
*Targeted cash distributions of 7.5% p.a., paid quarterly, from year 2 of the Fund. In the first year of the Fund, distributions are forecast at 4.5% p.a
*Targeted total return, including capital growth, of 10% p.a. including cash and capital growth, after fees, before tax.
