Farmland Partners Inc. Announces Closing of Initial Public Offering
DENVER, April 16, 2014 /PRNewswire/ -- Farmland Partners Inc. (the "Company") today announced that it has closed its initial public offering of 3,800,000 shares of its common stock at a public offering price of $14.00 per share. Shares of the Company's common stock are traded on the NYSE MKT under the ticker symbol "FPI." All shares were offered by the Company.
Robert W. Baird & Co. Incorporated, BMO Capital Markets Corp. and Janney Montgomery Scott LLC, served as book-running managers. Mitsubishi UFJ Securities (USA), Inc. served as a lead manager of the offering and Stephens Inc. served as a co-manager of the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made solely by means of a prospectus.
A copy of the final prospectus related to the offering was filed with the Securities and Exchange Commission and can be obtained by contacting: Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, WI 53202, telephone: 800-792-2473 or email firstname.lastname@example.org; BMO Capital Markets Corp., Attention: BMO Prospectus Department, 27th Floor, 3 Times Square, New York, NY, 10023, telephone: 800-414-3627, email: BMOProspectus@bmo.com; and Janney Montgomery Scott LLC, Attention: Equity Capital Markets Group, 60 State Street, 35th Floor, Boston, MA 02109, or by email at email@example.com.
About Farmland Partners Inc.
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality primary row crop farmland located in agricultural markets throughout North America. The Company's initial portfolio is comprised of 38 farms with an aggregate of approximately 7,300 acres in Illinois, Nebraska and Colorado. The Company intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ending December 31, 2014.
This press release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. These forward-looking statements are based upon the Company's present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could impact the Company's future results, performance or transactions, see the section entitled "Risk Factors" in the Company's final prospectus relating to this offering.
SOURCE Farmland Partners Inc.