Assiniboia Farmland Limited Partnership declares cash distribution for February 28, 2014

REGINA, Feb. 19, 2014 /CNW/ - Assiniboia Farmland Limited Partnership (the Partnership) announces that a cash distribution of $1.50 per Unit has been declared, for a payable date of February 28, 2014, to Unitholders of record on December 31, 2013.

As part of the process of winding-down its operations, the Partnership will spend the remainder of 2014 selling off crop inventory received from 2013 crop share leases.

About Assiniboia Farmland Limited Partnership
Headquartered in Regina, Saskatchewan, Assiniboia Farmland Limited Partnership was established in 2005 to provide investors with a turn-key opportunity to gain exposure to Saskatchewan farmland. On January 10, 2014, the Partnership closed the sale of its farmland portfolio to Canada Pension Plan Investment Board. The Partnership is in the process of winding-down operations. For more information about Assiniboia, please visit www.assiniboiacapital.com.

Additional information about Assiniboia is available on SEDAR (www.sedar.com).

Caution Regarding Forward-Looking Statements

This news release contains certain forward-looking statements 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 news 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 news release is made as of the date first set out above and, except as required under applicable securities legislation, Assiniboia assumes no obligation to update or revise such information to reflect new events or circumstances.  When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements.

SOURCE: Assiniboia Farmland Limited Partnership

Doug Emsley
President and Chief Executive Officer
Assiniboia Farmland Limited Partnership [phone]
[email protected] 

Brad Farquhar
Vice President
Assiniboia Farmland Limited Partnership [phone]
[email protected]