Private Land and Property Fund (NZX: PLP) Change in Harvest Estimates

The Manager has undertaken a review of its estimated revenue from the sale of grapes for the 2021 harvest as well as for future harvests on development land. This estimate is based on the expected prices for the grapes, and the anticipated grape yield from each vineyard, and is reflected in the net asset value of the Fund.

Following that assessment, the estimated revenue has been increased, which has an impact to the net asset value of the Fund of a 0.31% increase.

This adjustment will be reflected in the unit price for 26 February 2021 and this price will be published on 2 March 2021.

Please see the link below for details:

PLP - Changes in Harvest Estimates

Source: Private Land and Property Fund

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