RFM Almond Fund

The RFM Almond Fund (RAF) operated a 592 ha
almond orchard, located on a property called Mooral, in Hillston, New South Wales.

The  orchard, and water entitlements, were leased from the Rural Funds Group (ASX: RFF), a trust managed by Rural Funds Management Limited (RFM).

The RFM Almond Fund was formed on 30 August 2019 following the merger of RFM Almond Fund 2006 ARSN 117 859 391 (AF06), RFM Almond Fund 2007 ARSN 124 998 527 (AF07) and RFM Almond Fund 2008  ARSN 127 947 960 (AF08) (collectively referred to as Schemes).

Information regarding the merger is contained in the Explanatory Memorandum dated 25 July 2019, which can be accessed under “Investor Information”. For historical information regarding the pre-merged Schemes please use the relevant links below.

RAF unit price and wind-up

RFM advised RAF unitholders in the half-year investor update dated 20 April 2020 of the possibility of an early liquidity event through the potential sale of the Mooral orchard. On 24 August 2020, RFM as responsible entity of Rural Funds Group (RFF), the owner of the orchard, announced that conditional contracts have been exchanged for the sale of Mooral. The monthly unit price was then suspended pending the outcome of the sale.

On 2 December 2020, the sale of Mooral was completed and the wind-up of RAF commenced. Distributions are forecast to total $1.15 per Unit. A distribution of $0.0442 per Unit was paid on 15 December 2020, with a record date of 4 December 2020. The initial wind-up distribution of $0.6891 including franking credits was announced 31 March 2021 with a payment date of 14 April 2021. Receipts of income will continue to be received from the sale of the 2020 almond crop and we expect to announce the final wind-up distribution in June 2021.

No action is required by Unitholders but should you have any questions, please contact Investor Services on 1800 026 665.

Date RAF unit price1
30/06/2020 $0.9603
31/05/2020 $0.9950
30/04/2020 $0.9793
31/03/2020 $0.9649
29/02/2020 $0.9506
31/01/2020 $0.9399
31/12/2019 $0.9365
30/11/2019 $0.9341
31/10/2019 $0.9315
30/09/2019 $0.9347
30/08/2019 $0.9617

1The unit price recognises the forecast 30 June Net Asset Value on a monthly pro-rata basis to show the ongoing value of the crop throughout the growing season.

Funds

RFM Almond Fund 2006

Historical Fund information

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RFM Almond Fund 2007

Historical Fund information

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RFM Almond Fund 2008

Historical Fund information

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