MyFarm KiwiFruit Fund
Introducing the MyFarm KiwiFruit Fund
This is an opportunity for wholesale investors to invest in a diversified portfolio of established SunGoldTM kiwifruit orchards targeting a return of 10% p.a.
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.**
The kiwifruit industry is undoubtedly one of New Zealand’s biggest export success stories, with exports forecast to continue to grow to an estimated $3.2 billion in 2025.
SunGold is our most productive, most profitable kiwifruit variety.
With a combined asset value approaching $200 million, MyFarm KiwiFruit Fund is one of New Zealand’s largest kiwifruit investments.
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.
Here’s the snapshot.
- 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 of the Fund. In the first year, the Fund is targeting distributions of 4.5% p.a.
- 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.
It’s fair to say we’re excited about this offer. 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 its total 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).
This offer closes 5pm, Thursday 29th August 2024 – and is not available to retail investors.
View the Fact Sheet for MyFarm KiwiFruit Fund Limited Partnership by clicking here.
To request the Information Memorandum for this offer, click on the "Request Information Memorandum" button on the right-hand side of the screen.
If you would like to chat through the details of this offer, please feel free to contact us.
Please watch the offer video below.
This offer is only open to investors who fall within the exclusions applicable to offers made to “wholesale investors” as set out in Schedule 1, clauses 3 (2)(a)-(c) and 3 (3)(a)-(b)(ii) of the Financial Markets Conducts Act 2013 (FMCA). You can obtain further information on FMCA requirements, and whether you fall within the requirements for wholesale investors and the exclusions for wholesale offers at www.myfarm.co.nz/fmca
This offer is not available to retail investors.
*The Fund is targeting total returns of 10% per annum (cash distributions and capital growth) from Year Two. In the first year of the Fund,distributions are forecast at 4.5% p.a. Returns may vary and are subject to risks as outlined in Information Memorandum, available at www.myfarm.co.nz/kiwifruit-fund.
**The Fund owns 17 orchards totalling 160 canopy hectares - made up of 156 canopy hectares licensed with SunGold kiwifruit and 4 canopy hectares currently growing rootstock.
MyFarm KiwiFruit Fund Events
Join us for one of our in-person events in the following locations:
Tauranga: Wednesday 14th August 2024. 5:30pm at Craigs Investment Partners
Auckland: Thursday 15th August 2024. 12:30pm at Craigs Investment Partners
Christchurch: Tuesday 20th August 2024. 5:30pm at FMG’s offices
Wellington: Wednesday 21st August 2024. 5:30pm at Craigs Investment Partners
Please register for these events by following this link: Events • MyFarm Investments
MyFarm KiwiFruit Fund Webinars
Webinar 1: New Zealand’s Kiwifruit Industry: An export success story
Webinar 2: Zespri Shares
Webinar 3: Introduction to the MyFarm KiwiFruit Fund
How to apply?
REQUEST MORE INFORMATION
To request the Information Memorandum and register your interest in this offer, please fill in your details.
By requesting the Information Memorandum, you agree to receiving further email communications from MyFarm about this offer. You can unsubscribe from the mailing list at any time if you are no longer interested.