High yielding, passive investment
The Inghams Portfolio Scheme is forecast to return an 8.25% per annum pre-tax cash return (forecast to 31/3/2024). Silverfin intend to pay the cash distribution on a monthly basis. The Scheme will be a Portfolio Investment Entity (PIE) subject to meeting eligibility requirements.
Long Lease Term
Inghams Enterprises (NZ) Pty Limited occupy the land and buildings across the six sites on a 25-year lease term with 20 years to run with five further rights of renewal of 10 years each. The initial lease expiry is 18 July 2039*.
Triple Net Leases
The leases are effectively ‘Triple Net’, greatly reducing the Scheme’s exposure to capital costs and operating expenses.
Significant Land Holding (186 ha) in Strategic Locations
Six facilities strategically located to support Inghams’ highly successful poultry supply chain. The facilities, comprising a hatchery, breeder farms and processing plant, collectively occupy 186 ha within the Matamata and Waitoa area.
Strong tenant covenant - Inghams Enterprises (NZ) Pty
Inghams Enterprises (NZ) Pty Limited is a wholly-owned subsidiary
of the Australian stock exchange listed company, Inghams Group Limited, who are the largest integrated poultry producer in Australasia.
* Figures reflect a remaining 10 year lease term which can be extended by the Scheme at any time for a further 10 years.