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

    REGINA, Aug. 13 /CNW/ - Assiniboia Farmland Limited Partnership 4 (the
"Partnership") is pleased to announce the completion of the first closing of
its initial public offering of limited partnership units. 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. Units will continue
to be offered for sale and one or more additional closings may occur until
December 1, 2008.
    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
    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

    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,; Brad Farquhar, Vice
President, (306) 347-7202,, Web:

Organization Profile

Assiniboia Farmland Limited Partnership

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890