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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 1, 1995
The Newhall Land and Farming Company
(a California Limited Partnership)
(Exact name of registrant as specified in its charter)
California
(State or other jurisdiction of incorporation)
1-7585 95-3931727
(Commission File Number) (IRS Employer Identification No.)
23823 Valencia Blvd., Valencia, CA 91355
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 805-255-4000
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2.
Item 5. Other Events
Attached to this report on Form 8-K is a news release issued by the
Partnership on December 1, 1995.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE NEWHALL LAND AND FARMING COMPANY
(a California Limited Partnership)
Registrant
By Newhall Management Limited Partnership,
Managing General Partner
By Newhall Management Corporation,
Managing General Partner
Date: December 5, 1995 By /S/ Donald L. Kimball
------------------------------------------------
Donald L. Kimball, Vice President - Controller
Newhall Management Corporation
(Principal Accounting Officer)
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NEWS RELEASE
[THE NEWHALL LAND AND FARMING COMPANY LETTERHEAD]
FOR IMMEDIATE RELEASE Contact: Marcia Ward
The Newhall Land and
Farming Company
(805) 255-4445
Fred Mickaelian, Jr.
Mickaelian Associates
(213) 268-1152
NEWHALL LAND AND FARMING ANNOUNCES
1.5 MILLION UNIT REPURCHASE PROGRAM
VALENCIA, California, December 1, 1995 -- The Newhall Land and
Farming Company (NYSE, PSE/NHL) today announced that a unit repurchase program
of up to 1.5 million units was approved at a special meeting of its Board of
Directors. The units will be repurchased from time to time in the open market,
depending on market conditions. Currently, the Company has 36,172,143 units
outstanding.
The program will be funded by the sale of agricultural land
and more rapid residential land sales which are anticipated in 1996. A portion
of the proceeds will be used to reduce debt.
Newhall Land is a developer of new towns and master-planned
communities. Current projects include the new town of Valencia in California
and McDowell Mountain Ranch in Scottsdale, Arizona. Newhall Ranch, a community
going through the initial planning process, and Valencia together form one of
the nation's most valuable landholdings. They are located on the Company's
37,000 acres, 30 miles north of downtown Los Angeles.
95.18
