April 17, 2016

Internally managed real estate investment trust, American Farmland Company, announced that its Board of Directors has approved a review of strategic options moving forward in order to boost value for the company’s shareholders.

Incoporated in Maryland, American Farmland has focused on farmland development and acquiring, and owning a diversified portfolio of high-quality farmland producing permanent crops, specialty crops, and commodity row crops including nuts, wine grapes, citrus, corn, cotton, rice, soybeans, vegetables, avocados and strawberries. The company has built a portfolio of assets that includes 22 farms totaling 18,322 acres located along the U.S. coastal regions, the Corn Belt and the Delta region.

Founded in 2009, American Farmland filed with the SEC in June 2015 to raise up to $100 million through an initial public offering.

Since the company’s float in October 2015, its shares have been trading at a discount to its net asset value, which was estimated to be $10.05 per share as of December 31, 2015. In response the company’s board has agreed to explore a range of possible moves including joint venture agreements, a merger, or the sale of all or part of the company or its assets.

Citigroup Global Markets Inc. and Raymond James & Associates have been retained as financial advisors for the process and Goodwin Procter LLP will serve as legal counsel to advise on the analysis of all potential alternative actions.

A timeline for the exploration has not been established.