Assiniboia Farmland updates pricing NAV

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

REGINA, Nov. 21, 2011 /CNW/ - Assiniboia Capital GP3 Corp., the General Partner for Assiniboia Farmland Limited Partnership (the "Partnership" or "Assiniboia Farmland") is pleased to announce it has updated the pricing NAV of the units of the Partnership to $41.479 per unit, as at October 31, 2011.

The pricing NAV is based on a very comprehensive comparable sales analysis of recent arms-length farmland sales which are comparable in location and quality to the individual farmland holdings of the Partnership. The NAV update was approved by the Partnership's Independent Review Committee.

About Assiniboia Farmland Limited Partnership

Assiniboia Farmland Limited Partnership is the largest farmland investment partnership in Canada, with approximately 110,000 acres of Saskatchewan farmland under management. The Partnership is the only Saskatchewan farmland partnership headquartered in Saskatchewan. Based in Regina, the Partnership provides investors with an opportunity to gain exposure to Saskatchewan farmland while providing stable semi-annual cash distributions to investors.

Additional information about Assiniboia Farmland Limited Partnership is available at www.sedar.com.


Forward Looking Information:This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Partnership assumes no obligation to update or revise such information to reflect new events or circumstances.

The securities of the Partnership have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

SOURCE Assiniboia Farmland Limited Partnership 3

For further information:

Doug Emsley
President and Chief Executive Officer
(306) 347-1024
doug@assiniboiacapital.com










































Brad Farquhar

Vice President

(306) 347-7202

brad@assiniboiacapital.com
                         
Web: www.farmlandinvestor.ca

 

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Assiniboia Farmland Limited Partnership 3

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