Booster Investment scheme 2 reports increased units on issue

Booster Investment Scheme 2's Private Land and Property Fund (NZX:PLP) reported a significant increase in its units on issue, growing from 96,289,175 on April 1, 2024, to 166,496,505 by March 31, 2025. The fund, managed by Booster Investment Management Limited (BIML), also disclosed that it fully invests into a separate wholesale portfolio, which in turn acquired a kiwifruit and avocado orchard for NZD 14.1 million and additional shares in an existing hop garden investment for NZD 0.75 million. Key stakeholders include Booster KiwiSaver Scheme holding 53.83% of the units, and Asset Custodian Nominees Limited holding 28.59%. The fund's unit price stood at NZD 1.3102 as of March 31, 2025. Diana Papadopoulos was appointed Chief Executive Officer of BIML effective March 17, 2025.