Calgary, Canada, March 20, 2010 --(PR.com
)-- Calgary based agriculture private equity firm Agcapita, enables investors to make direct investments in Canadian farmland without the need to take on any of the complex legal and operational responsibilities of farmland ownership themselves.
Following on the success of its first fund, which raised $18 million of investable capital, Agcapita launched Agcapita Farmland Fund II. Agcapita Farmland Fund II conducted its first closing on February 28th 2010 with a follow-up closing scheduled to take place March 26th 2010.
Agcapita Farmland Fund II is Canada’s only RRSP and TFSA eligible farmland investment vehicle with a minimum investment of $5,000.
Stephen Johnston, partner at Agcapita Partners LP, commented that "We believe that investing in farmland directly and renting it back to farmers is the lower risk way to gain exposure to increasing agricultural commodity prices and improving operating margins of farming businesses. Farmland returns, unlike the operating returns of farms, are not particularly volatile and have over the long term produced consistent real returns.”
Agcapita is a Calgary based agriculture focused private equity firm which manages RRSP and TFSA eligible farmland investment funds and is part of a family of funds focussing on commodity linked, hard asset investments with over $100 million in assets under management. Agcapita’s investment team has over 50 years of private/public markets, investment and finance experience and its field team has over 150 years of direct farming experience.
Disclaimer: The opinions, estimates, projections and other information which is contained herein and derived from or attributable to persons other than AGCAPITA is neither endorsed nor adopted by AGCAPITA – it is presented for informational purposes only. Further, the opinions, estimates, projections and other information contained herein are not intended and are not to be construed as an offer to sell, or a solicitation to buy, any securities including those of AGCAPITA and its affiliates, nor shall such opinions, estimates, projections and other information be considered as investment advice or as a recommendation to enter into any transaction. There shall not be any sale of AGCAPITA securities outside of Canada or in any province of Canada in which such offer, solicitation or sale would be unlawful, and any such sale may only be made to prospective investors who meet certain eligibility criteria and who first receive any applicable offering documentation.
AGCAPITA securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or the securities laws of any state, and may not be offered, sold or delivered within the United States or to, or for the account or benefit of, US persons (as defined by Regulation S under the US Securities Act). This document is not for distribution on U.S. wire services or dissemination in the United States.
Forward-Looking Information: This news release may contain certain information that is forward looking and, by its nature, such forward-looking information is subject to important risks and uncertainties. The words "anticipate", "expect", "may", "should", "estimate", "project", "outlook", "forecast" or other similar words are used to identify such forward looking information. Those forward-looking statements herein made by AGCAPITA, if any, reflect AGCAPITA’s beliefs and assumptions based on information available at the time the statements were made (including, without limitation, that (i) the demand for agricultural commodities will continue to grow at a pace that is unlikely to be matched by growth in agricultural productivity, and (ii) investment demand for tangible assets such as agricultural commodities and farmland will continue to increase for the foreseeable future). Actual results or events may differ from those anticipated or predicted in these forward-looking statements, and the differences may be material. Factors which could cause actual results or events to differ materially from current expectations include, among other things: risks associated with the ownership and operation of farmland, including fluctuations in interest rates, rental rates and vacancy rates; general economic conditions; local real estate markets; supply and demand for farmland and farms; competition for available farmland and farms; earth and crop diseases; weather; the price of grain and other agricultural commodities; changes in legislation and the regulatory environment; and international trade and global political conditions. Readers are cautioned not to place undue reliance on any forward-looking information contained in this news release (if any), which is given as of the date it is expressed herein. AGCAPITA undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise.