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DO NOT INVEST UNLESS YOU ARE PREPARED TO LOSE ALL THE MONEY YOU INVEST. THIS IS CLASSIFIED AS A HIGH-RISK INVESTMENT AND YOU ARE UNLIKELY TO BE PROTECTED IF SOMETHING GOES WRONG. ‘TAKE 2 MINUTES TO LEARN MORE’.
IF YOU ARE IN ANY DOUBT ABOUT THE ACTION YOU SHOULD TAKE OR THE CONTENTS OF THIS DOCUMENT, YOU SHOULD CONTACT YOUR STOCKBROKER, SOLICITOR, ACCOUNTANT, BANK MANAGER OR OTHER PROFESSIONAL ADVISER AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000, WHO SPECIALISES IN ADVISING ON INVESTMENTS OF THE KIND DESCRIBED IN THIS DOCUMENT.
LIMITED PARTNERSHIP SHARES FOR SALE
25 June 2024
SUMMARY
Partnership Shares are being offered on an execution only basis subject to Gresham House Asset Management Limited’s (Gresham House) Procedure and Terms of Business (including fees), as set out in Appendix I.
Before considering the investment to which this document relates, prospective investors should in all cases read the sections entitled “Important Notice to Investors”, “Risk Factors”, “Taxation Summary” and “Terms of Business” set out in Appendix II, III and IV.
We have been instructed to find purchasers for Limited Partnership Shares in Gresham House Forest Fund I LP as follows:
Total number of Limited Partnership Shares for sale: 1,630
Net Asset Value as at 30 November 2023: £4,081.78 per share1
The LP is valued on an annual basis as at 30 November. The NAV per share as at 30 November 2023 was published in the audited Annual Report and Financial Statements, circulated to Limited Partners on 27 February 2024, which included an Internal Valuation of the forestry investment portfolio, undertaken in accordance with the RICS Valuation (Global Standards).
1Past performance should not be interpreted as an indication of future performance.
Summary of the LP
2Based upon current UK taxation legislation. Taxation policy could be subject to change. Tax obligations depend on the individual’s circumstances. Gresham House does not provide taxation advice. See Appendix II – Risk Factors.
The LP currently owns 20,492 hectares (50,634 acres) across 64 properties across Scotland, Wales and England.
Please see the following information:
Previous Partnership Share Sale
Over the past 12 months a total of 876 Limited Partnership Shares in Gresham House Forest Fund I LP have sold at an average price of £4,217.803
3Past performance should not be interpreted as an indication of future performance.
CLOSING DATE FOR OFFERS: MIDDAY 9 July 2024
OFFERS SHOULD BE MADE NET OF FEES (PLEASE REFER TO APPENDIX I FOR DETAILS).
OFFERS CAN NOW BE SUBMITTED ONLINE USING THE LINK BELOW:
ONLINE BID SUBMISSION
Offers can be made in writing or by email to sharetransactions@greshamhouse.com. All offers will be acknowledged upon receipt and forwarded to the Vendor on the Closing Date, and not before. Please contact Gresham House before the Closing Date if your offer has not been acknowledged.
Existing Limited Partners may bid for any number of shares to add to their holding, there is no minimum.
For new Limited Partners there is a minimum holding of 20 Partnership Shares.
Please note that all Limited Partners must have a Unique Tax Reference number and must also register their interest in the LP with HMRC using form SA401.
Payment instructions, including an Application Form, will be sent to the successful Purchaser(s) outlining the application process. All Application Forms together with the requisite funds must be received no later than 30 July 2024.