/This press release is not for distribution to U.S. newswire services or
dissemination in the United States/
OTTAWA, Jan. 18, 2012 /CNW/ - Bonnefield Canadian Farmland Corp. (the "Company") is pleased to announce that it has filed a preliminary prospectus
with the securities regulatory authorities in each of the provinces and
territories of Canada for its initial public offering of common shares
at a price of $10.00 per share. The maximum offering size is $100
The Company has been established to provide investors with a liquid
investment in primarily Canadian farmland and will seek to assemble a
farmland portfolio which is diversified as to geography, crop type and
farmer. The Company's investment objectives are to provide shareholders
with: (a) the opportunity for long-term capital appreciation; and (b)
quarterly dividends. The Company will not have a fixed dividend
amount, but will initially target a dividend of 3% to 4% per annum.
The Company will be managed by Bonnefield Financial Inc. ("Bonnefield"). Bonnefield Financial Inc. is a leading farmland investment company
with a mandate to invest in and manage farmland across Canada.
Bonnefield has an established Canada-wide network of progressive
farmers, farmland realtors and farm financial advisors to help it
procure and successfully invest nationally in farmland. Bonnefield is a
strong proponent of sustainable farming practices, environmentally
responsible land stewardship and the protection of Farmland for Farming™.
The syndicate of agents for the offering is being led by BMO Capital
Markets and includes National Bank Financial Inc., Scotia Capital Inc.,
Raymond James Ltd., Canaccord Genuity Corp., GMP Securities L.P.,
Desjardins Securities Inc., Macquarie Private Wealth Inc., Cormark
Securities Inc., and Dundee Securities Ltd.
A preliminary prospectus containing important information relating to
these securities has been filed with securities commissions or similar
authorities in each of the provinces and territories of Canada. The
preliminary prospectus is still subject to completion or amendment.
Copies of the preliminary prospectus may be obtained from one of the
dealers noted above. There will not be any sale or any acceptance of an
offer to buy the securities until a receipt for the final prospectus
has been issued.
The securities offered have not been and will not be registered under
the U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration under the U.S. Securities
Act of 1933, as amended, or any applicable exemption from such
registration requirements. This press release does not constitute an
offer to sell or the solicitation of an offer to buy securities nor
will there be any sale of such securities in any state in which such
offer, solicitation or sale would be unlawful.
Certain statements included in this news release constitute
forward-looking statements. The forward-looking statements reflect the
Company's current expectations regarding future results or events.
These forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. Readers are cautioned not to
place undue reliance on such statements. Neither the Company nor
Bonnefield undertakes any obligation to update publicly any
forward-looking statement or information except as required by law.
SOURCE BONNEFIELD CANADIAN FARMLAND CORP.
For further information:
+1 (416) 309-4477