Farmland Partners to sell 3,717,472 shares through public offering

Baird, Stifel are bookrunners; BMO, FBR, Janney Montgomery, MUFG assist

By Devika Patel

Knoxville, Tenn., July 22 – Farmland Partners Inc. will sell 3,717,472 common shares in its initial public sale with a 30-day greenshoe of 557,620 additional shares, according to a Form S-11/A filed Tuesday with the Securities and Exchange Commission. The deal was announced July 2.

Baird and Stifel are the joint bookrunning managers, and BMO Capital Markets, FBR, Janney Montgomery Scott and MUFG are the co-managers.

Proceeds will be used for acquisitions and for general corporate purposes, including working capital.

The company is a real estate investment trust based in Denver that owns and acquires row crop farmland.

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