St Peter Port, Guernsey, 27 March 2017
Appointment of Director
St Peter Port, Guernsey, 27 March 2017 - The Board of the Forest Company Limited (the "Company"), a closed-ended investment company, incorporated and registered in Guernsey, is happy to announce the appointment of Mr Field Griffith as an independent director of the Company with effect from 24 March 2017.
Mr Griffith has been an institutional investor and director for the past 34 years, investing across a broad range of real asset categories. He was most recently the Director of Real Assets Investments for the Virginia Retirement System from 2004 - 2016 where he was responsible for managing all aspects of the pension fund's global real estate, infrastructure, timberland and natural resource portfolios.
Mr. Griffith is a Chartered Financial Analyst, he received a B.A. from Beloit College and an M.B.A. from the University of Washington. From 2007 to 2013, he served as a board member of the Pension Real Estate Association. From 2016 to present, Mr Griffith has been an Independent Director on the Board of Blackstone Real Estate Investment Trust and serves as Chairman of its Compensation Committee.
About The Forest Company:
The Forest Company combines socially and environmentally responsible forestry investments with unique potential for stable and attractive returns through participation in the value chain of competitive and sustainable industries.
The Forest Company Limited is a closed-ended investment company, incorporated and registered in Guernsey in 2007, to take advantage of investment opportunities in trees, timberland and timber related assets. The Company focuses on forest plantations in areas with high biological growth rates, such as Brazil and Colombia. To date The Forest Company has raised USD 388 million in equity capital through private placements to institutional investors and family offices. Total dividends paid since inception amount to USD 52.5 million. Thus far, the Company has committed capital to five projects, which include both greenfield and standing plantations located in Brazil and Colombia.
The Company aims to build a diversified timberland portfolio in terms of age, class and species that is intended to maximise the risk/return profile. The Company believes that this approach would generate both long-term capital appreciation for shareholders and an attractive income yield. For more information, visit www.theforestcompany.se.
Timber Capital Limited is the investment manager to The Forest Company.
For additional information, please contact:
ir@theforestcompany.se, The Forest Company, +55 11 3087 1015
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This announcement is not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia), Canada, Australia or Japan. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act").
Securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act.
This document is an advertisement and does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any decision in respect of The Forest Company Limited or other evaluation of any securities of The Forest Company Limited or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities. Neither the issue of this document nor any part of its contents constitutes an offer to sell or invitation to purchase any securities of The Forest Company Limited or any other entity or any persons holding securities of The Forest Company Limited.
