America First Tax Exempt Investors, L.P. Announces Exercise of Over-Allotment Option
26 Abril 2007 - 3:00PM
Business Wire
America First Tax Exempt Investors, L.P. (Nasdaq:ATAXZ, or �America
First�), announced today that the underwriters of its recently
completed public offering have exercised their over-allotment
option to purchase an additional 450,000 shares representing
assigned limited partnership interests at the initial offering
price of $8.06 per share. The over-allotment option was granted in
connection with the public offering of 3,225,000 shares which
closed on April 10, 2007. Gross proceeds from the offering,
including the proceeds from the over-allotment shares, will be
approximately $29.6 million. The closing of the over-allotment is
expected to occur on April 30, 2007. This press release does not
constitute an offer to sell or the solicitation of an offer to buy
nor will there be any sale of the shares in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of such state or jurisdiction. The lead manager for
the offering is RBC Capital Markets Corporation and the co-manager
is Stifel, Nicolaus & Company, Incorporated. The offering may
be made only by means of a prospectus and a related prospectus
supplement, copies of which may be obtained from RBC Capital
Markets Corporation, One Liberty Plaza, New York, New York 10006,
(212) 428-6260. Also, a final prospectus supplement and
accompanying base prospectus have been filed with the Securities
and Exchange Commission and is available on the SEC�s website at
www.sec.gov. About America First Tax Exempt Investors, L.P. America
First Tax Exempt Investors, L.P. was formed for the primary purpose
of acquiring, holding, selling and otherwise dealing with a
portfolio of federally tax-exempt mortgage revenue bonds which have
been issued to provide construction and/or permanent financing of
multifamily residential apartments. Our general partner is America
First Capital Associates Limited Partnership 2, whose general
partner is The Burlington Capital Group LLC (�Burlington�). Since
1984, Burlington has specialized in the management of investment
funds, many of which were formed to acquire real estate investments
such as tax-exempt mortgage revenue bonds, mortgage securities and
multifamily real estate properties. For additional information
about America First, please visit America First�s website at
www.ataxz.com.
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