Greystone Housing Impact Investors LP Announces Regular Quarterly Cash Distribution and Supplemental BUCs Distribution

OMAHA, Neb., March 13, 2024 (GLOBE NEWSWIRE) -- On March 13, 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 distribution to the Partnership’s Beneficial Unit Certificate (“BUC”) holders of $0.44 per BUC. The distribution consists of a regular quarterly cash distribution of $0.37 per BUC plus a supplemental distribution payable in the form of additional BUCs equal in value to $0.07 per BUC. The supplemental distribution will be paid at a ratio of 0.00417 BUCs for each issued and outstanding BUC as of the record date, which represents an amount per BUC based on the closing price of the BUCs on the New York Stock Exchange on March 12, 2024 of $16.79 per BUC. No fractional BUCs will be issued in connection with the supplemental BUCs distribution, as 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. The Partnership expects to issue an aggregate of approximately 96,000 BUCs for the supplemental BUCs distribution.

The cash distribution and supplemental distribution will be paid on April 30, 2024 to all BUC holders of record as of the close of trading on March 28, 2024. The BUCs will trade ex-distribution as of March 27, 2024.

The supplemental distribution reflects the Partnership’s continuing intent to distribute a portion of the Partnership’s 2023 gains on the sale of its Vantage JV Equity Investments. The payment of the supplemental distribution in the form of BUCs allows the Partnership to retain additional capital to fund future investment opportunities at a low cost and is non-dilutive to current BUC holders.

“We are pleased to announce the first quarter 2024 distribution of cash and additional BUCs consistent with the Board’s previously stated intent,” said Kenneth C. Rogozinski, Chief Executive Officer of the Partnership. “We remain focused on executing our investment strategy to continue generating returns for distribution to our unitholders.”

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.