Fonterra Shareholders' Fund (NS) — Investor Relations & Filings

The Fonterra Shareholders' Fund is a managed investment scheme established to provide public investors with exposure to the economic performance of Fonterra Co-operative Group Limited. The Fund issues units that track the financial interests of shares in the co-operative. Unit holders are entitled to receive distributions equivalent to the dividends paid on the underlying shares, effectively allowing non-farmers to participate in the economic benefits of the co-operative's global operations. The structure is designed to provide capital flexibility for the co-operative while offering a liquid investment vehicle for the public. The Fund does not grant unit holders voting rights in the co-operative, focusing strictly on the pass-through of economic returns and value appreciation associated with the parent entity's performance.