Greystone Housing Impact Investors LP Announces Regular Quarterly Cash Distribution
Greystone Housing Impact Investors LP (NYSE: GHI) has announced a regular quarterly cash distribution of $0.37 per Beneficial Unit Certificate (BUC). The distribution will be paid on October 31, 2024, to BUC holders of record as of the close of trading on September 30, 2024. The BUCs will trade ex-distribution on September 30, 2024.
The distribution decision was made by the Board of Managers of Greystone AF Manager , the general partner of America First Capital Associates Partnership Two, which is GHI's general partner. The company emphasizes that distribution decisions are based on a disciplined evaluation of current and anticipated operating results, financial condition, and other relevant factors, always considering the long-term interests of BUC holders and the Partnership.
Greystone Housing Impact Investors LP (NYSE: GHI) ha annunciato una distribuzione in contante trimestrale regolare di $0.37 per Certificato di Unità Benefica (BUC). La distribuzione sarà pagata il 31 ottobre 2024, ai possessori di BUC registrati alla chiusura delle negoziazioni del 30 settembre 2024. I BUC saranno negoziabili ex-distribuzione il 30 settembre 2024.
La decisione sulla distribuzione è stata presa dal Consiglio di Amministrazione di Greystone AF Manager, il partner generale di America First Capital Associates Partnership Two, che è il partner generale di GHI. L'azienda sottolinea che le decisioni di distribuzione si basano su una valutazione disciplinata dei risultati operativi attuali e previsti, della situazione finanziaria e di altri fattori rilevanti, considerando sempre gli interessi a lungo termine dei possessori di BUC e della Partnership.
Greystone Housing Impact Investors LP (NYSE: GHI) ha anunciado una distribución de efectivo trimestral regular de $0.37 por Certificado de Unidad Beneficiaria (BUC). La distribución se pagará el 31 de octubre de 2024, a los titulares de BUC registrados al cierre de la negociación del 30 de septiembre de 2024. Los BUC se negociarán ex-distribución el 30 de septiembre de 2024.
La decisión sobre la distribución fue tomada por la Junta de Gerentes de Greystone AF Manager, el socio general de America First Capital Associates Partnership Two, que es el socio general de GHI. La empresa enfatiza que las decisiones de distribución se basan en una evaluación disciplinada de los resultados operativos actuales y anticipados, la situación financiera y otros factores relevantes, considerando siempre los intereses a largo plazo de los titulares de BUC y de la asociación.
그레이스톤 하우징 임팩트 투자자 LP (NYSE: GHI)가 수익 인증서(BUC) 당 $0.37의 정기 분기 현금 배당을 발표했습니다. 이 배당금은 2024년 10월 31일에 지급되며, 2024년 9월 30일 거래 마감 시점의 BUC 보유자에게 지급됩니다. BUC는 2024년 9월 30일에 배당 제외로 거래됩니다.
배당 결정은 그레이스톤 AF 매니저의 관리자 위원회에서 내려졌으며, 이는 GHI의 일반 파트너인 America First Capital Associates Partnership Two의 일반 파트너입니다. 회사는 배당 결정을 내릴 때 항상 BUC 보유자와 파트너십의 장기적인 이익을 고려하여 현재 및 예상 운영 결과, 재무 상태 및 기타 관련 요소에 대한 체계적인 평가를 기반으로 한다고 강조합니다.
Greystone Housing Impact Investors LP (NYSE: GHI) a annoncé une distribution de trésorerie trimestrielle régulière de $0.37 par Certificat d'Unité Bénéficiaire (BUC). La distribution sera effectuée le 31 octobre 2024 pour les détenteurs de BUC inscrits à la clôture des échanges le 30 septembre 2024. Les BUC seront négociés sans distribution le 30 septembre 2024.
La décision de distribution a été prise par le Conseil de Gestion de Greystone AF Manager, le partenaire général de America First Capital Associates Partnership Two, qui est le partenaire général de GHI. L'entreprise souligne que les décisions de distribution sont fondées sur une évaluation disciplinée des résultats d'exploitation actuels et prévus, de la condition financière et d'autres facteurs pertinents, tout en considérant toujours les intérêts à long terme des détenteurs de BUC et de la Partenariat.
Greystone Housing Impact Investors LP (NYSE: GHI) hat eine regelmäßige vierteljährliche Barausschüttung von $0.37 pro Vorteilszertifikat (BUC) angekündigt. Die Ausschüttung wird am 31. Oktober 2024 an die BUC-Inhaber ausgezahlt, die zum Handelsende am 30. September 2024 im Register stehen. Die BUCs werden am 30. September 2024 ex Auszahlung gehandelt.
Die Entscheidung über die Ausschüttung wurde vom Verwaltungsrat von Greystone AF Manager, dem General Partner von America First Capital Associates Partnership Two, die der General Partner von GHI ist, getroffen. Das Unternehmen betont, dass die Entscheidungen über Ausschüttungen auf einer disziplinierten Bewertung der aktuellen und prognostizierten Betriebsresultate, der finanziellen Lage und anderer relevanter Faktoren basieren, wobei immer die langfristigen Interessen der BUC-Inhaber und der Partnerschaft berücksichtigt werden.
- Regular quarterly cash distribution of $0.37 per BUC
- Consistent dividend policy indicating financial stability
- None.
Insights
Greystone Housing Impact Investors LP's announcement of a
The declaration of a regular quarterly distribution by Greystone Housing Impact Investors LP is a positive sign for investors in the affordable housing REIT space. The company's ability to maintain its distribution level suggests stable occupancy rates and steady rental income from its portfolio of multifamily properties. However, the lack of distribution growth may indicate challenges in expanding the property portfolio or increasing rental rates in the current market environment. Investors should pay attention to the company's acquisition pipeline and property performance metrics in upcoming reports to gauge the potential for future distribution growth and overall business expansion.
OMAHA, Neb., Sept. 16, 2024 (GLOBE NEWSWIRE) -- On September 16, 2024, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced that the Board of Managers of Greystone AF Manager LLC (“Greystone Manager”) declared a cash distribution to the Partnership’s Beneficial Unit Certificate (“BUC”) holders of
The cash distribution will be paid on October 31, 2024 to all BUC holders of record as of the close of trading on September 30, 2024. The BUCs will trade ex-distribution as of September 30, 2024.
Greystone Manager is the general partner of America First Capital Associates Limited Partnership Two, the Partnership’s general partner. Distributions to the Partnership’s BUC holders, including regular and any supplemental distributions, are determined by Greystone Manager based on a disciplined evaluation of the Partnership’s current and anticipated operating results, financial condition and other factors it deems relevant. Greystone Manager continually evaluates the factors that go into BUC holder distribution decisions, consistent with the long-term best interests of the BUC holders and the Partnership.
About Greystone Housing Impact Investors LP
Greystone Housing Impact Investors LP was formed in 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable multifamily, seniors and student housing properties. The Partnership is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis. The Partnership expects and believes the interest earned on these mortgage revenue bonds is excludable from gross income for federal income tax purposes. The Partnership seeks to achieve its investment growth strategy by investing in additional mortgage revenue bonds and other investments as permitted by its Second Amended and Restated Limited Partnership Agreement, dated December 5, 2022, taking advantage of attractive financing structures available in the securities market, and entering into interest rate risk management instruments. Greystone Housing Impact Investors LP press releases are available at www.ghiinvestors.com.
Safe Harbor Statement
Certain statements in this press release are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of statements that include, but are not limited to, phrases such as “believe,” “expect,” “future,” “anticipate,” “intend,” “plan,” “foresee,” “may,” “should,” “will,” “estimates,” “potential,” “continue,” or other similar words or phrases. Similarly, statements that describe objectives, plans, or goals also are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Partnership. The Partnership cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, implied, or projected by such forward-looking statements. Risks and uncertainties include, but are not limited to: defaults on the mortgage loans securing our mortgage revenue bonds and governmental issuer loans; the competitive environment in which the Partnership operates; risks associated with investing in multifamily, student, senior citizen residential properties and commercial properties; general economic, geopolitical, and financial conditions, including the current and future impact of changing interest rates, inflation, and international conflicts (including the Russia-Ukraine war and the Israel-Hamas war) on business operations, employment, and financial conditions; current financial conditions within the banking industry, including the effects of recent failures of financial institutions, liquidity levels, and responses by the Federal Reserve, Department of the Treasury, and the Federal Deposit Insurance Corporation to address these issues; uncertain conditions within the domestic and international macroeconomic environment, including monetary and fiscal policy and conditions in the investment, credit, interest rate, and derivatives markets; adverse reactions in U.S. financial markets related to actions of foreign central banks or the economic performance of foreign economies, including in particular China, Japan, the European Union, and the United Kingdom; the general condition of the real estate markets in the regions in which we operate, which may be unfavorably impacted by increases in mortgage interest rates, slowing economic growth, persistent elevated inflation levels, and other factors; changes in interest rates and credit spreads, as well as the success of any hedging strategies the Partnership may undertake in relation to such changes, and the effect such changes may have on the relative spreads between the yield on investments and cost of financing; persistent inflationary trends, spurred by multiple factors including expansionary monetary and fiscal policy, higher commodity prices, a tight labor market, and low residential vacancy rates, which may result in further interest rate increases and lead to increased market volatility; the Partnership’s ability to access debt and equity capital to finance its assets; current maturities of the Partnership’s financing arrangements and the Partnership’s ability to renew or refinance such financing arrangements; local, regional, national and international economic and credit market conditions; recapture of previously issued Low Income Housing Tax Credits in accordance with Section 42 of the Internal Revenue Code; geographic concentration of properties related to investments held by the Partnership; changes in the U.S. corporate tax code and other government regulations affecting the Partnership’s business; and the other risks detailed in the Partnership’s SEC filings (including but not limited to, the Partnership’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K). Readers are urged to consider these factors carefully in evaluating the forward-looking statements.
If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, the developments and future events concerning the Partnership set forth in this press release may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this document. We anticipate that subsequent events and developments will cause our expectations and beliefs to change. The Partnership assumes no obligation to update such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, unless obligated to do so under the federal securities laws.
MEDIA CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com
INVESTOR CONTACT:
Andy Grier
Senior Vice President
402-952-1235
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