| Preferred Stock Offering Details: |
Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that it has commenced an underwritten public offering of its newly designated Series B participating preferred stock (the "Series B Participating Preferred Stock"). Investors in the Series B Participating Preferred Stock may potentially benefit from farmland value appreciation in the 17 states in which the Company owns farmland as of June 30, 2017, as determined by the "Farm Real Estate, Average Value per Acre" contained in the annual agricultural land value summary released by the National Agricultural Statistics Service, the Agricultural Statistics Board and the United States Department of Agriculture. The Company expects to grant the underwriters a 30-day option to purchase additional shares of Series B Participating Preferred Stock. The Company intends to apply to list the shares of Series B Participating Preferred Stock on the New York Stock Exchange under the symbol "FPI PR B." |
Preferred Stock Offerings
