What's New

The "What's New" area of the website will be a dynamic section of the website to inform clients of new developments and opportunities at New Wealth Directions.

Below are some of the Products and services provided through New Wealth Directions, in affiliation with Lionsgate Financial Group Pty Ltd 

Any Investment Product or Insurance Product will have been researched by Lionsgate Financial Group Pty Ltd.

RIVERBANK RIGHTS ISSUE;

Riverbank owns land, water entitlements, and infrastructure in regional Australia, which it leases on a long term contractual basis to third parties. It derives its income from rental receipts rather than from farming activities. RiverBank’s main assets are two almond orchards totaling 1,814 hectares (ha) situated in New South Wales.

Riverbank has two main counterparts which lease the orchards. Both counterparts have entered into long term lease arrangements with Riverbank.

The majority of funds raised under this Offer will be applied to:

• the planned completion of the irrigation system and other orchard infrastructure, both of which are required now that the orchard is moving closer to maturity;

• the completion of the repayment of vendor finance which was used when RiverBank acquired the ‘Mooral’ property;

• and the provision of a Redemption Offer.

A full listing of sources and applications is set out in  Table 3.

This Offer seeks to raise $7.5 million at a 30% discount to the 15 June 2011 Net Asset Value (NAV) adjusted for distributions and the buy spread. RiverBank has had significant growth over the past 18 months and this has been reflected by an increase in the NAV. This Offer is being made at a discount to ensure that the yield is sufficiently attractive to new investors.

NB:

For further information and to investigate Table 3, please link to the Product Disclosure Statement and refer to the Introduction on page 6, after you have downloaded your copy here. 

RESEARCH:

two copies of research are available for the Riverbank investment, both are available from the Rural Funds Management website