Greystone Housing Impact Investors Declares Quarterly Distribution
Greystone Housing Impact Investors Announces Cash Distribution
On a recent announcement, Greystone Housing Impact Investors LP (NYSE: GHI) has declared a regular cash distribution of $0.37 per Beneficial Unit Certificate (BUC) to its holders. This move reflects the Partnership's ongoing commitment to its investors and the solid performance of its financial strategies.
Details of the Distribution
The cash distribution is scheduled to be paid on October 31 to all BUC holders who are on record as of the trading close on September 30. As part of the process, the BUCs will trade ex-distribution beginning September 30, which provides investors a clear timeline for their financial planning.
Greystone's Strategic Focus
Greystone Manager, the general partner managing the Partnership, takes a meticulous approach to determining the distributions to BUC holders. Their decisions are based on a thorough analysis of both current and anticipated operating results. By continuously evaluating these factors, Greystone Manager aligns its distribution policies with the long-term interests of both the Partnership and its investors.
Background on Greystone Housing Impact Investors
Established in 1998, Greystone Housing Impact Investors LP operates under the Delaware Revised Uniform Limited Partnership Act. The Partnership focuses on acquiring and managing a portfolio of mortgage revenue bonds, specifically aimed at financing affordable multifamily, senior, and student housing properties. With a strategic approach to investment, Greystone aims to leverage additional mortgage revenue bonds to enhance its portfolio.
Investment Strategy and Goals
The overarching goal of Greystone Housing Impact Investors is to grow its investment base, primarily through acquiring more mortgage revenue bonds while maximizing advantageous financing solutions available in the market. By employing interest rate risk management tools, the Partnership strives to ensure sustainable growth, which is expected to be beneficial for its investors.
Understanding the Market Context
Greystone's commitment to delivering value amid fluctuating market conditions showcases its resilience. Current trends indicate a need for such investment strategies, especially in a landscape where affordable housing remains a critical concern. The Partnership aims to navigate the potential economic challenges while safeguarding the interests of its stakeholders.
Key Contacts for Further Information
For media inquiries, interested parties can reach out to Karen Marotta at Greystone via phone at 212-896-9149 or by email at Karen.Marotta@greyco.com. Investors seeking more detailed financial insights can contact Andy Grier, Senior Vice President, at 402-952-1235.
Frequently Asked Questions
What is the cash distribution amount declared by Greystone?
Greystone has announced a cash distribution of $0.37 per Beneficial Unit Certificate (BUC).
When will the cash distribution be paid?
The distribution will be paid on October 31 to BUC holders recorded as of the close of trading on September 30.
Who manages Greystone Housing Impact Investors?
Greystone Manager, which is the general partner, manages Greystone Housing Impact Investors LP.
What is the primary purpose of Greystone Housing Impact Investors?
The Partnership primarily focuses on acquiring mortgage revenue bonds aimed at financing affordable housing projects.
How does Greystone evaluate its distribution decisions?
Greystone Manager evaluates its distribution decisions based on operating results, financial condition, and factors beneficial to BUC holders.
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