Assiniboia Farmland Limited Partnership 4 completes second closing of initial public offering



    REGINA, Sept. 30 /CNW/ - Assiniboia Farmland Limited Partnership 4 (the
"Partnership") is pleased to announce the completion of the second closing of
its initial public offering of limited partnership units. The Partnership
issued 30,120 Class A and 4,000 Class F limited partnership units at a price
of $25.00 per unit for gross proceeds of $853,000. Units will continue to be
offered for sale and one or more additional closings may occur until December
1, 2008.
    The Partnership issued 167,080 Class A and 155,200 Class F limited
partnership units at a price of $25.00 per unit for gross proceeds of
$8,057,000 on the completion of its first closing on August 13, 2008. A total
of 356,400 limited partnership units have now been issued for total gross
proceeds of $8,910,000.
    The net proceeds of the offering, together with any borrowings by the
Partnership, will be invested in a portfolio of productive Saskatchewan
farmland properties, which Assiniboia Farmland GP 4 Corp., the general partner
of the Partnership, believes will benefit from increasing global demand for
agricultural commodities resulting from the growing worldwide demand for (i)
food, driven by countries such as China and India, and (ii) for ethanol and
biofuels which can be produced from crops such as corn, wheat, canola and
soybeans.
    The Partnership's investment objectives are: (i) to maximize long-term
total returns for Limited Partners; and (ii) to provide semi-annual
distributions of its available cash to limited partners of the Partnership.
    The syndicate for the offering is co-led by CIBC World Markets Inc. and
RBC Dominion Securities Inc. and includes Scotia Capital Inc., Richardson
Partners Financial Limited, Wellington West Capital Inc., Manulife Securities
Incorporated, Canaccord Capital Corporation, Dundee Securities Corporation,
Raymond James Ltd. and Research Capital Corporation.
    Additional information about the Partnership is available on SEDAR
(www.sedar.com).

    This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the limited
partnership units in any jurisdiction in which such offer, solicitation or
sale would be unlawful.





For further information:

For further information: Doug Emsley, President and Chief Executive
Officer, (306) 347-1024, doug@farmlandinvestor.ca; Brad Farquhar, Vice
President, (306) 347-7202, brad@farmlandinvestor.ca, Web:
www.farmlandinvestor.ca

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Assiniboia Farmland Limited Partnership

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