America First Multifamily Investors, L.P. Announces Update to Supplemental BUCs Distribution
29 Septiembre 2022 - 3:15PM
On September 29, 2022, America First Multifamily Investors, L.P.
(NASDAQ: ATAX) announced an update to its previously announced
supplemental distribution payable in the form of additional
Beneficial Unit Certificates (“BUC” or “BUCs”) at a ratio of
0.01044 BUCs for each issued and outstanding BUC, payable on
October 31, 2022 to all BUC holders of record as of the close of
trading on September 30, 2022. No fractional BUCs will be issued in
connection with the supplemental distribution. As updated, all
fractional BUCs resulting from the distribution will receive cash
for such fraction based on the market value of the BUCs on the
record date.
About America First Multifamily Investors,
L.P.
America First Multifamily Investors, L.P. was
formed on April 2, 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, student housing and
commercial 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 the Partnership’s Amended and Restated
Limited Partnership Agreement, dated September 15, 2015, taking
advantage of attractive financing structures available in the
securities market, and entering into interest rate risk management
instruments. America First Multifamily Investors, L.P. press
releases are available at www.ataxfund.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: general economic, geopolitical, and financial
conditions, including the current and future impact of changing
interest rates, inflation, international conflicts, and COVID-19 on
business operations, employment, and financial conditions; 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; current maturities of
the Partnership’s financing arrangements and the Partnership’s
ability to renew or refinance such financing arrangements; defaults
on the mortgage loans securing the Partnership’s mortgage revenue
bonds; the competitive environment in which the Partnership
operates; risks associated with investing in multifamily and
student residential properties and commercial properties; changes
in interest rates; the Partnership’s ability to use borrowings or
obtain capital to finance its assets; 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 our investments; changes in the U.S.
corporate tax code and other government regulations affecting our
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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