High risk investment
important information

Risk warnings

You should not rely on the information or opinions set out here before making an investment or other decision but should obtain appropriate and specific professional advice of your own.

Nothing contained in this notice constitutes or should be construed to constitute investment, legal, tax or other advice.

The information supplied is not and in no way should be construed to constitute a recommendation with respect to the purchase or sale of any investment.

In particular:
Existing tax rules and legislation may change over time and changes can be retrospective. The value of any tax reliefs depends on the personal circumstances of the investors, who should consult their own tax advisers before making an investment.

Whilst the contents of this notice are provided in good faith for information purposes only, no representation or warranty, express or implied is given by Gresham House Asset Management Limited or by any of its directors, members, or employees as to its accuracy or completeness or that it is up to date, and it should not be relied on as such.

To the fullest extent allowed by law and the rules and regulations of the Financial Conduct Authority, Gresham House Asset Management Limited and its directors, members and employees shall not be liable, whether in contract, tort (including negligence) or otherwise howsoever, for any losses, damages, costs or expenses of whatever nature (including (without limitation) any consequential, indirect or unforeseeable loss or loss of bargain, opportunity or profit) incurred or suffered by you or any third party arising out of or in connection with the use of the contents of this notice.

For a full list of risks, please see the Information Memorandums.

Forestry

✓  Insured risks

Fire

• Crops are generally only at risk up to ten years of age
• Should damage occur the site requires clearing and replanting

Wind blow

• Crops are generally at risk from 20 years of age upwards
• From 35 years of age upwards, mature crops can typically be salvaged with no loss of value and minimal increased working costs

Public liability

• Each property is covered up to £10mn

⚠  Uninsured risks

Loss of production from pests or disease

• Can be mitigated through a portfolio providing geographic diversification, spread of age classes and sound, proactive management

Regime change

• Regime change (e.g. removal of tax incentives in a particular jurisdiction can be mitigated by diversifying across geographies and taking a long-term view on hold period)
• International agreements such as the Kyoto Protocol and the Paris Agreement recognise the essential role forests play in the long-term health of our planet, in contributing to sustainable development, and in meeting the shared risk of climate change