America First Multifamily Investors, L.P. Announces Name Change to Greystone Housing Impact Investors LP and Listing on the New York Stock Exchange
06 December 2022 - 08:15AM
GlobeNewswire Inc.
America First Multifamily Investors, L.P. announced that, effective
12:01 a.m. Eastern Time on December 5, 2022, it has changed its
legal name to Greystone Housing Impact Investors LP (NYSE: GHI)
(the “Partnership”). In addition, the Partnership also announced
the commencement of trading of its beneficial unit certificates
representing assigned limited partnership interests (“BUCs”) on the
New York Stock Exchange (“NYSE”) as of the opening of markets on
December 5, 2022 under the ticker symbol “GHI”.
The Partnership will ring the opening bell at
the NYSE on Monday, December 12th to commemorate its name change
and initial listing on the NYSE.
“Our alignment with the well-respected Greystone
brand and our listing on the NYSE are key steps in our strategy to
enhance the public profile of the Partnership for the benefit of
our unitholders,” said Kenneth C. Rogozinski, Chief Executive of
Officer of the Partnership. “In addition, we believe our new name
highlights the positive social impact of the Partnership’s various
investments that address the significant need for affordable
multifamily housing across the United States.”
In conjunction with the Partnership’s name
change, the general partner of the Partnership’s general partner
approved the Second Amended and Restated Agreement of Limited
Partnership (the “Partnership Agreement”) dated December 5, 2022,
which supersedes the Partnership’s First Amended and Restated
Agreement of Limited Partnership dated September 15, 2015, as
further amended (the “Prior Partnership Agreement”). In addition,
the general partner of the Partnership’s general partner approved
the Amended and Restated Greystone Housing Impact Investors LP 2015
Equity Incentive Plan (the “Plan”) which supersedes the America
First Multifamily Investors, L.P. 2015 Equity Incentive Plan (the
“Prior Plan”). The Partnership Agreement and Plan include various
administrative updates and incorporate various amendments to the
Prior Partnership Agreement and Prior Plan, respectively. The
changes to the Prior Partnership Agreement and Prior Plan do not
require the approval of the Partnership’s BUC holders. Copies of
the Partnership Agreement and the Plan are included in a Current
Report on Form 8-K filed with the Securities and Exchange
Commission (“SEC”) on December 5, 2022, which can be viewed on the
SEC’s EDGAR site.
About Greystone Housing Impact Investors
LP
Greystone Housing Impact Investors LP (formerly
known as America First Multifamily Investors, L.P.) 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, 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 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.
About Greystone
Greystone is a private national commercial real
estate finance company with an established reputation as a leader
in multifamily and healthcare finance, having ranked as a top FHA,
Fannie Mae, and Freddie Mac lender in these sectors. Loans are
offered through Greystone Servicing Company LLC, Greystone Funding
Company LLC and/or other Greystone affiliates. For more
information, visit www.greystone.com.
Safe Harbor Statement
Information contained in this press release
contains “forward-looking statements,” which are based on current
expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to
differ materially. These risks and uncertainties include, but are
not limited to, risks involving current maturities of our financing
arrangements and our ability to renew or refinance such maturities,
fluctuations in short-term interest rates, collateral valuations,
mortgage revenue bond investment valuations and overall economic
and credit market conditions. For a further list and description of
such risks, see the reports and other filings made by the
Partnership with the Securities and Exchange Commission, including
but not limited to, its 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. The Partnership disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
INVESTOR CONTACT:Andy
GrierInvestors
Relations402-952-1235
MEDIA CONTACT:Karen
MarottaGreystone212-896-9149Karen.Marotta@greyco.com
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