/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
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