|
Post by Kiwi Frontline on Oct 31, 2017 16:34:21 GMT 12
IWI TRUST DOUBLES ITS ASSET BASE IN 10 YEARS TO $18.3MNgati Whakaue Assets Trust has doubled its asset base to $18.3m in less than a decade and has revealed plans to distribute over $460,000 to its beneficiaries in the next year. Trust chairwoman Katie Paul signalled a future focus on housing issues in addition to ongoing financial support for local marae and cultural activities. In 2009 the trust was given a $9.2m Kaingaroa Forest settlement fund to invest for the collective benefit of Ngati Whakaue. Thanks to "astute and strategic investment plays", Ms Paul confirmed the asset base had since doubled and was on track to surpass $20m by 2020...... www.nzherald.co.nz/rotorua-daily-post/business/news/article.cfm?c_id=1503434&objectid=11938803
|
|