Reminder: Provincia Investor Information Evening
The graph above shows performance for the 12 months to September 2018. (Source: Reserve Bank of New Zealand, NZX, Provincia property fund.)
NZX 50 Index and Provincia figures reflect growth in capital values only. Income (dividends) is not included. In the case of Provincia, the annual 6% dividend (on current share price) increases the total annual return to 39%.
Note: Foundation investors paid $1.00 per share and are currently receiving a dividend of 6% on current share price (6% of $1.33 = 8 cents per share). In other words, their return on investment (ROI) is currently 8%.
People investing now at the current share price of $1.33 will also enjoy an increasing ROI if and when the fund’s net value increases. The shares are revalued annually and with each acquisition. “It’s based on independent registered valuations on each of the properties, so there’s no creative accounting or unrealistic projections in the figures given,” says Provincia managing director Carl Burling.
With the latest acquisition, we already have an immediate equity gain of $200,000 that is not yet reflected in the share price. You can read the article announcing the new acquisition here: https://www.
Of course, we are not able to predict the share price after revaluation, or even give an opinion on whether it will go up or down or stay the same. Such are the regulations we operate under. However, you can do your own assessment and draw your own conclusions.
As for the nature of the properties, Fund chairman Olly Newland likes to emphasise the secure nature of industrial property as a safe haven for investors wanting a better return than is currently being offered by bank term deposits.
Olly says, “Provincia is a very conservative investment vehicle that suits prudent investors who are risk averse.”
If you’d like to find out more about investing in Provincia, come along to our investor information evening this Thursday…
WHEN: Thursday 22 August 2019 at 6:30 PM – 7:30 PM
WHERE: Newland Burling offices, 268 Manukau Rd, Espom
RSVP: Simply email firstname.lastname@example.org to register for the evening.