The Assets Trust held its annual Special General Meeting at Whakaue Marae, Maketu on 16 April 2016. The purpose of the hui was to provide the tribe with an update of both the investment and distribution decisions of the Trust, as well as to invite tribal input into the distribution policies for the next year. Membership turnout of 30 members was positive, although just short of the required quorum of 35. As such resolutions were deferred until the AGM on Sun 25th September 2016. The Trust reported net assets of $14,778.127, spread across a diversified portfolio of forestry, property, mining, bonds, equities and cash investments. Trustees noted that interest rates are currently low and market forecasts predicted a downturn. Accordingly,
Read more →
