Evergreen's objective is to maximise shareholder value through pure play resource ownership of radiata plantation forests.

Investment in Evergreen has the following advantages:

• A pure play structure and no downstream processing means that there is greater flexibility to respond to market cycles.



• Critical mass provides economies of scale and operational synergies.



• Liquidity is provided through the listed structure.




• The executive team have an investment management focus, as forest development, harvesting and marketing are managed by specialists on contract.





• The company has a strong and independent board of directors.

Evergreen's investment strategy is to target properties with a maturity profile that is complementary to the existing estate. New Zealand forestry plantation ownership is undergoing rationalisation at a time when log prices are cyclically low, providing a favourable environment for acquisitions.