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EURO NOTES : Forestry investment plan aims to raise [euro]3.75m.
(From Irish Independent)
DETAILS of a new Forestry Investment Plan (FIP) have been announced by Irish Forestry Services.
The 9th FIP was launched with the aim of raising [euro]3.75m to purchase and invest in newand semi-mature woodlands.
These lands will be planted and maintained for a period of ten years, after which time all the woodlands will be sold.
Distributions will then be made tax free to the shareholders.
Investment in the company is by way of preference shares.
The minimum investment is [euro]750 and multiple shares may be purchased by investors for themselves or for others e.g. children or grandchildren or in joint names.
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