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Rural Funds Group Announces Queensland Cattle and Cotton Property Acquisitions

Rural Funds Management Limited (RFM), as responsible entity and manager for the Rural Funds Group (RFF), has contracted to acquire two Queensland properties.

Cattle property acquisition: Cerberus

Cerberus is an 8,280 hectare (ha) cattle breeding and backgrounding property located 140 km north west of Rockhampton in central Queensland. The purchase price is $10.0m.

Cotton property acquisition: Mayneland

Mayneland is a 2,942 ha cotton property located 25 km north of Lynora Downs, another cotton property owned by RFF in central Queensland. The purchase price including plant and equipment is $18.0m.

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