Greystone Housing Impact issues 500,000 Series B Preferred Units

Greystone Housing Impact Investors announced that on February 2, 2024 the Partnership executed a Subscription Agreement to issue 500,000 Series B Preferred Units representing limited partnership interests in the Partnership Series B Preferred Units to an institutional investor, resulting in $5,000,000 in new aggregate proceeds to the Partnership. The stated value of the newly issued Series B Preferred Units is $5,000,000. The Series B Preferred Units were issued in accordance with the Partnership’s existing “shelf” registration statement on Form S-3 for the issuance of up to 10,000,000 of Series B Preferred Units. The Series B Preferred Units are non-cumulative, non-convertible, and non-voting units of limited partnership interests in the Partnership for which the holder has an option to have the units redeemed on the sixth anniversary of the acquisition date and each subsequent anniversary thereafter. The earliest potential redemption date for the newly issued Series B Preferred Units is February 2030, with certain exceptions.