OMAHA, Neb., September 21, 2021 (GLOBE NEWSWIRE) – America First Multifamily Investors, LP (NASDAQ: ATAX) (the “Partnership”) today announced that it has launched a public offering of 4,750,000 certificates of beneficiary units (“BUC”) representing the transferred limited partnership interests of the limited partnership. The limited partnership expects to grant the underwriters a 30-day option to purchase up to an additional 712,500 BUC under the All BUCs are offered by the Partnership.
The Partnership intends to use the net proceeds of the Offering to acquire additional mortgage income bonds, loans from government issuers, investments in non-consolidated entities and other investments that meet its criteria for investment and its general working capital needs.
Raymond James & Associates, Inc. will be the lead manager of the bookkeeping of the Offer and JMP Securities LLC and JonesTrading Institutional Services LLC will be the joint managers of the bookkeeping.
An in-store registration statement on Form S-3 (File No. 333-235259) relating to the securities offered was previously declared effective by the Securities and Exchange Commission (“SEC”) on December 6, 2019. The offer is made only by means of a prospectus supplement and the accompanying base prospectus forming part of the registration statement. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering can be obtained on the SEC’s website at www.sec.gov or by contacting: Raymond James & Associates, Inc. ., 880 Carillon Parkway, St. Petersburg, FL 33716, phone (800) 248-8863, email: [email protected]; JMP Securities LLC, 600 Montgomery Street, Suite 1100, San Francisco, California 94111, Attention: Prospectus Department, phone 1 (415) 835-8985, email: [email protected]; or JonesTrading Institutional Services LLC, 757 Third Avenue, 23rd Floor, New York, NY 10017, e-mail: [email protected] A final prospectus supplement describing the terms of the offering will be filed with the SEC.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. before registration or qualification. under the securities laws of any such state or jurisdiction. The offer may only be made by way of a prospectus and a related prospectus supplement.
About America First Multifamily Investors, LP
America First Multifamily Investors, LP was incorporated on April 2, 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise managing a portfolio of mortgage income bonds which have were issued to provide construction and / or permanent funding for affordable multi-family housing, student housing and commercial properties. The Partnership pursues a business strategy of acquiring additional mortgage income bonds and other investments on a leveraged basis. The Partnership expects and believes that interest earned on these Mortgage Income Bonds is excluded from gross income for federal income tax purposes. The Partnership seeks to achieve its investment growth strategy by investing in additional mortgage income bonds and other investments as permitted by the Amended and Restated Limited Partnership Agreement of the Limited Partnership, dated of September 15, 2015, by taking advantage of the attractive financing structures available on the securities market, and the conclusion of interest rate risk management instruments. America First Multifamily Investors, LP press releases are available at www.ataxfund.com.
Safe harbor Declaration
Certain statements in this report are intended to be safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified by the use of statements that include, but are, but are not limited to, expressions such as “believe”, “expect”, “the future”, “anticipate”, “intend”, “plan”, “foresee”, “can” , “Should”, “will”, “estimates,” “potential”, “continue” or other similar words or phrases. Likewise, statements that describe objectives, plans or goals are also forward-looking statements. These 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, implied or projected by such forward-looking statements. Risks and uncertainties include, but are not limited to: risks involving the current maturities of financing agreements and our ability to renew or refinance those maturities, fluctuations in short-term interest rates, valuations of guarantees, ratings of mortgage income bond investments and overall economic and credit market conditions; and other risks detailed in documents filed with the SEC by the Partnership (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 carefully consider these factors when evaluating forward-looking statements.
Senior Vice President