Introduction
OMAHA, Neb. Dec.13, 2023 - Greystone Housing Impact Investors LP (NYSE: GHI), one of the leading housing impact investment firms, announced today that its Board of Managers has declared a distribution to the Partnership’s Beneficial Unit Certificate (BUC) holders.This distribution comprises a regular quarterly cash distribution of $0.37 per BUC and a supplemental distribution in the form of additional BUCs, totaling $0.07 per BUC.The Partnership expects to issue approximately 95,000 BUCs for the supplemental distribution.
Regular Cash Distribution
The regular quarterly cash distribution of $0.37 per BUC reflects the strong financial performance and profitability of Greystone Housing Impact Investors LP.This cash distribution is a testament to the company’s commitment to creating value for its investors.It also highlights the robust demand for affordable housing solutions provided by the Partnership, as well as the positive impact they have on local communities.
Supplemental Distribution in the form of Additional BUCs
In addition to the regular cash distribution, Greystone Housing Impact Investors LP will provide a supplemental distribution to the BUC holders.This distribution will be issued in the form of additional BUCs, redeemable for their equivalent value.The ratio for this supplemental distribution is set at 0.00415 BUCs for each issued and outstanding BUC as of the record date.The value of the supplemental BUCs will be based on the closing price of the BUCs on the New York Stock Exchange, ensuring a fair and accurate representation of their worth.
No Fractional BUCs and Cash Value for Fractional Units
It is important to note that fractional BUCs will not be issued as part of the supplemental distribution.Instead, any fractional BUCs resulting from the distribution will receive cash compensation based on the market value of the BUCs on the record date.This approach ensures a transparent and equitable distribution process, treating all investors equally.
Conclusion
Greystone Housing Impact Investors LP’s recent declaration of a distribution to BUC holders demonstrates their commitment to generating positive returns for their investors.The regular cash distribution, combined with the supplemental distribution in the form of additional BUCs, reinforces the Partnership’s value-driven approach and dedication to providing affordable housing solutions.
Greystone Housing Impact Investors LP continues to stand as a prominent player in the housing impact investing landscape, making a significant difference in communities across the nation.Their commitment to sustainable and socially responsible investments ensures both financial success and positive social impact.
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