Core Insights - Greystone Housing Impact Investors LP executed a Subscription Agreement to issue 2,000,000 additional Series B Preferred Units, raising $20 million in new capital [1][2] - The Series B Preferred Units are non-cumulative, non-convertible, and non-voting, with an option for redemption starting from March 2031 [2] - The CEO highlighted that this issuance provides non-dilutive, fixed-rate, low-cost capital, enhancing the Partnership's liquidity despite high interest rates [3] Company Overview - Greystone Housing Impact Investors LP was established in 1998 to manage a portfolio of mortgage revenue bonds aimed at financing affordable housing [4] - The Partnership's strategy includes acquiring additional mortgage revenue bonds and leveraging attractive financing structures available in the market [4] - The interest earned on mortgage revenue bonds is expected to be excludable from gross income for federal tax purposes [4]
Greystone Housing Impact Investors LP Issues 2,000,000 Series B Preferred Units