Managed funds

Trustees resolved in September 2021 to divest some of the Trust’s assets into managed funds, and in October 2021 invested $4 million with Craigs Investment Partners. This money had accumulated from matured term deposits derived from the sale of various Trust properties, as well as retained earnings.

Following strategic decisions to sell some of its older commercial properties, further sale proceeds have been added to the managed funds. The current value of the Trust’s managed funds portfolio is over $11 million.

The Trust also owns community land in Greytown and commercial properties.