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America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced a cash distribution of $0.11 per beneficial unit certificate (BUC) for holders of record as of March 31, 2022, payable on April 29, 2022. This distribution totals approximately $7.3 million based on current BUC counts. Notably, a 1-for-3 reverse unit split takes effect after market close on April 1, 2022; thus, the post-split distribution would be equivalent to $0.33 per BUC. The Board of Managers evaluates distributions based on several financial factors, aiming to serve BUC holders' long-term interests.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced a 1-for-3 reverse unit split effective after market close on April 1, 2022. This decision by the Board of Managers aims to enhance liquidity and expand potential investor interest. Post-split, the number of beneficial unit certificates (BUCs) will decrease from approximately 66 million to about 22 million. The new CUSIP will be assigned, and trading on a split-adjusted basis will commence on April 4, 2022. This action is expected to have no direct economic impact on the Partnership or its unitholders.
On February 24, 2022, America First Multifamily Investors (NASDAQ: ATAX) reported financial results for Q4 and FY 2021. Q4 revenues were $20.0 million, with net income of $0.11 per Beneficial Unit Certificate (BUC). For the full year, revenues reached approximately $68.5 million, and net income was $0.52 per BUC. The Partnership made significant investments, including $39.3 million for two affordable multifamily MRB investments. The Live 929 Apartments MRB property is 95% occupied, and all affordable investments remain current on payments.
America First Multifamily Investors (NASDAQ: ATAX) will host a conference call on February 24, 2022, at 4:30 p.m. ET to discuss its Fourth Quarter 2021 financial results. Participants can join the call through a web link or by dialing in with a specific Conference ID. A recorded replay of the call will be available on the Partnership’s Investor Relations website post-event. The Partnership primarily invests in mortgage revenue bonds to finance affordable multifamily and commercial properties, aiming for federal income tax-exempt interest income.
On December 14, 2021, America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced a cash distribution of $0.19 per Beneficial Unit Certificate (BUC) to its holders. This comprises a quarterly distribution of $0.11 and a one-time special distribution of $0.08, totaling approximately $12.6 million. Payment is set for January 31, 2022, to BUC holders recorded by December 31, 2021.
The distribution reflects gains from recent transactions, emphasizing ATAX's focus on delivering cash distributions aligned with operational results, according to CEO Kenneth C. Rogozinski.
On November 4, 2021, America First Multifamily Investors, L.P. (ATAX) reported Q3 2021 financial results. Total revenues reached $17.7 million with net income of $0.19 per Beneficial Unit Certificate (BUC). For the nine months, revenues were approximately $48.5 million and net income $0.42 per BUC. Noteworthy transactions included a public offering of 5,462,500 BUCs generating $31.2 million in net proceeds, and significant progress in asset sales and investments in affordable housing projects in Florida and Georgia.
America First Multifamily Investors (NASDAQ: ATAX) announced a conference call scheduled for November 4, 2021, at 4:30 p.m. ET to discuss its Third Quarter 2021 results. Participants can join via a live broadcast or by dialing in with a conference ID. A replay of the call will be available on the company's Investor Relations website. Established in 1998, America First Multifamily Investors focuses on acquiring mortgage revenue bonds to finance affordable housing projects and aims for growth through strategic investments and risk management instruments.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) has successfully closed its public offering of 4,750,000 beneficial unit certificates (BUCs) at $6.10 each, raising approximately $31.5 million in net proceeds after underwriting expenses. The offering was expanded by the underwriters' option, adding 712,500 BUCs, totaling 5,462,500 BUCs issued. The funds will be used for acquiring mortgage revenue bonds and other investments, supporting the Partnership's strategy to grow its portfolio. Raymond James & Associates led the offering, which was registered with the SEC.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) has priced its public offering of 4,750,000 beneficial unit certificates at $6.10 each, with an expected total gross of $29 million. Closing is anticipated around September 28, 2021. An additional 712,500 BUCs may be purchased by underwriters within 30 days. Proceeds will be used for acquiring mortgage revenue bonds and general working capital. Raymond James & Associates leads the offering, supported by JMP Securities and JonesTrading. The offering is registered under the SEC's effective shelf registration.
America First Multifamily Investors, L.P. (NASDAQ: ATAX) announced a public offering of 4,750,000 beneficial unit certificates (BUCs) with a 30-day option for underwriters to purchase an additional 712,500 BUCs. The proceeds from this offering will be utilized to acquire mortgage revenue bonds, governmental loans, investments in unconsolidated entities, and for general working capital needs. The offering is managed by Raymond James & Associates, JMP Securities, and JonesTrading. The registration statement for this offering was declared effective by the SEC on December 6, 2019.
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