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On November 22, 2022, America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced its transition from Nasdaq to the New York Stock Exchange (NYSE) for its beneficial unit certificates (BUCs). The Partnership's BUCs will begin trading as Greystone Housing Impact Investors LP under the ticker symbol 'GHI' on December 5, 2022. This move aims to leverage the prestige of the NYSE and provide long-term benefits to unitholders. ATAX continues its strategy to acquire mortgage revenue bonds, which are expected to have favorable tax implications for income.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced plans to change its name to Greystone Housing Impact Investors LP, effective upon approval of its beneficial unit certificates (BUCs) listing transfer to the NYSE. The application for this transfer was filed on November 7, 2022, with anticipated approval by early December 2022. The name change aims to align with the Greystone brand and enhance the Partnership’s profile, focusing on affordable multifamily housing investments. The BUCs will continue to trade under the symbol 'ATAX' until the transfer is complete.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) reported financial results for Q3 2022, showing a net income of $0.79 per Beneficial Unit Certificate (BUC) and Cash Available for Distribution (CAD) of $0.53 per BUC. Total assets reached $1.45 billion with significant investments in Mortgage Revenue Bonds (MRB) and Governmental Issuer Loans (GIL) totaling $977 million. The Partnership declared a cash distribution of $0.57 per BUC, consisting of $0.37 regular and $0.20 supplemental distribution. Management indicates ongoing investment opportunities despite market volatility.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced the appointment of Hafize Gaye Erkan to the Board of Managers of Greystone AF Manager LLC, effective October 24, 2022. Erkan, the current CEO of Greystone, succeeds Curtis Pollock. Her extensive experience in banking and finance is expected to enhance the Partnership's efforts in expanding affordable housing in the U.S. CEO Ken Rogozinski highlighted the significance of this appointment, stressing the Partnership's aim to address the housing crisis through innovative funding strategies.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) will host a conference call on November 3, 2022, at 4:30 PM ET to discuss its Q3 2022 results. Interested investors must register to receive a dial-in number and PIN. The call will also be available via live webcast. A recorded replay will be accessible on the Partnership's Investor Relations website. The Partnership focuses on acquiring, holding, and managing a portfolio of mortgage revenue bonds for affordable housing and commercial properties, aiming for investment growth through leveraged strategies.
On October 1, 2022, America First Multifamily Investors, L.P. (NASDAQ: ATAX) executed an Exchange Agreement to issue 1,000,000 Series A-1 Preferred Units for an equal number of previously outstanding Series A Preferred Units held by a financial institution. This transaction involved no cash consideration and maintains $10,000,000 of low-cost capital, extending the potential redemption date to October 2028. To date, $30.0 million in Series A Preferred Units have been exchanged for Series A-1 units, allowing continued access to fixed-rate capital for business strategies.
On September 29, 2022, America First Multifamily Investors (NASDAQ: ATAX) announced a supplemental distribution of Beneficial Unit Certificates (BUCs) at a ratio of 0.01044 BUCs for each outstanding BUC. This distribution will be payable on October 31, 2022, to holders of record as of September 30, 2022. Additionally, fractional BUCs will be compensated in cash based on market value on the record date. America First Multifamily Investors focuses on acquiring and managing mortgage revenue bonds, primarily for affordable housing finance.
On September 14, 2022, America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced a distribution for Beneficial Unit Certificate (BUC) holders amounting to $0.57 per BUC. This includes a quarterly cash distribution of $0.37 and a supplemental distribution of BUCs valued at $0.20. Approximately 230,500 BUCs will be issued for the supplemental distribution on October 31, 2022, for holders recorded by September 30, 2022. The supplemental distribution is aimed at retaining capital for future investment opportunities without diluting current BUC holders.
On August 29, 2022, America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced the availability of 2021 Schedule K-3 for unitholders, essential for international tax reporting. This document can be accessed online, especially beneficial for foreign unitholders and those needing detailed tax data. Unitholders can request an electronic copy via a toll-free number. The Partnership’s strategy involves acquiring mortgage revenue bonds to promote affordable housing financing. The press release also includes a Safe Harbor statement addressing potential risks associated with the Partnership's operations.
On August 4, 2022, America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced its Q2 2022 financial results, reporting a net income of $0.75 per Beneficial Unit Certificate (BUC) and Cash Available for Distribution (CAD) of $0.76 per BUC. The total assets reached $1.44 billion, with significant investments in mortgage revenue bonds and governmental issuer loans totaling approximately $969 million. The Partnership declared a distribution of $0.57 per BUC, marking a 12% increase from the previous quarter. The management expressed optimism regarding future investments and ongoing portfolio stability.
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