Fonterra Fund calls meeting. Fonterra Shareholders Fund stock sits 1.27 percent below its high

Published on 10/20/2026 at 03:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A unit-holder vote is set for November 16, 2026. Fonterra Shareholders Fund stock was NZD 9.32 on October 20, 2026, below the NZD 9.44 high.

Dates and operating figures

The 2026 annual meeting was announced on October 14, 2026 for unit holders.
FY27 earnings guidance is 65 to 85 cents per share, dated September 24, 2026.
Fonterra Shareholders Fund stock was trading at NZD 9.32 at 2:23 p.m. NZDT on October 20, 2026.
The fund's market capitalization was NZD 1.0 billion as of October 20, 2026.

FSF, NZFSFE0001S5, Illustration mit AI erstellt.

Fonterra Shareholders Fund (NZFSFE0001S5) will hold its annual meeting on November 16, 2026, after NZX published the notice on October 14, 2026. At 2:23 p.m. NZDT on October 20, 2026, the units were trading at NZD 9.32, 1.27 percent below the NZD 9.44 52-week high.

Three dated steps shape the story

The chronology is clear. On September 21, 2026, Fonterra set a 2026/27 farmgate milk price forecast of NZD 8.50 to NZD 10.50 per kgMS. On September 24, 2026, it reported FY26 underlying profit after tax of NZD 1.8 billion, up from NZD 1.5 billion, and earnings per share of 71 cents, up from 54 cents, according to Fonterra. The October 14, 2026 meeting notice is the latest dated step.

What does the 2026 outlook mean?

The answer sits in the earnings range. Fonterra's FY27 guidance is 65 to 85 cents per share, dated September 24, 2026, while FY26 dividends reached 73 cents per share. That combination gives the fund a concrete income reference, although the guidance range spans 20 cents and does not remove exposure to dairy pricing.

Two dates matter next

The next calendar item is Fonterra Co-operative Group's annual meeting on November 12, 2026, followed by the Fonterra Shareholders Fund annual meeting on November 16, 2026, according to Fonterra. The fund's market capitalization was NZD 1.0 billion as of October 20, 2026, and its 52-week range was NZD 6.14 to NZD 9.44.

Price stays below the yearly high

The current market picture combines a scheduled governance event with a price below the year's upper level. The 1.27 percent gap to the 52-week high is modest, while FY27 guidance and the November vote provide the next dated reference points.

Fonterra Shareholders Fund units were trading at NZD 9.32 on the NZX on October 20, 2026 at 2:23 p.m. NZDT.