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Post by Kiwi Frontline on Nov 14, 2018 16:30:17 GMT 12
NGĀTI WHAKAUE ASSETS TRUST ACHIEVES 'HUGE FINANCIAL MILESTONE' FOR IWI DISTRIBUTIONSNgāti Whakaue Assets Trust, headquartered in Rotorua, has exceeded its own financial goal and grown its asset base to $20.13 million, allowing it to distribute $500,000 to beneficiaries in the coming financial year. Trust chairwoman Katie Paul said the goal was to exceed the $20m asset base mark, which was achieved, earning a $2m profit that will be distributed to tribal members. "We have now proudly doubled our modest base of $9.2m in 2009 to an asset base of $20.13m. In 2009 the trust was given a $9.2m Kaingaroa Forest settlement fund to invest for the collective benefit of Ngāti Whakaue..... www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12155287
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