Assiniboia Farmland Limited Partnership Declares Final Cash Distribution and Winds-up Operations

REGINA, Saskatchewan, May 18, 2016 /CNW/ - Assiniboia Farmland Limited Partnership (the Partnership) announces that a cash distribution of $3.50 per Unit has been declared, for a payable date of May 26, 2016, to Unitholders of record on May 18, 2016.

This will be the final cash distribution made by the Partnership and is a result of the Partnership receiving the final payment associated with the 2014 sale of its farmland portfolio. Immediately on making this final cash distribution, the Partnership will wind-up operations and issue final T5013 slips to Unitholders shortly thereafter.

To ensure smooth distribution of the T5013 slips, Unitholders whose mailing address has changed in the last two years are reminded to send a change of address notice via email to [email protected].

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. 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]