Item 8.01 Other Events.
On September 29, 2022, America First Multifamily Investors, L.P. (the
"Partnership") announced an update to the previously announced supplemental
distribution payable in the form of additional Beneficial Unit Certificates
("BUCs") at a ratio of 0.01044 BUCs for each BUC outstanding on the record date
(the "Supplemental BUCs Distribution"). No fractional BUCs will be issued in
connection with the supplemental distribution. As updated, all fractional BUCs
resulting from the distribution will receive cash for such fraction based on the
market value of the BUCs on the record date.
The Supplemental BUCs Distribution will be paid on October 31, 2022 to all BUC
holders of record as of the close of trading on September 30, 2022. The BUCs
will trade ex-distribution as of September 29, 2022.
On September 29, 2022, the Partnership issued a press release announcing the
update to the Supplemental BUCs Distribution. A copy of the Partnership's press
release is attached as Exhibit 99.1 hereto and is incorporated by reference into
Certain statements in this report are intended to be covered by the safe harbor
for "forward-looking statements" provided by the Private Securities Litigation
Reform Act of 1995. These forward-looking statements generally can be identified
by use of statements that include, but are not limited to, phrases such as
"believe," "expect," "future," "anticipate," "intend," "plan," "foresee," "may,"
"should," "will," "estimates," "potential," "continue," or other similar words
or phrases. Similarly, statements that describe objectives, plans, or goals also
are forward-looking statements. Such 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 in, implied, or projected by such
forward-looking statements. Risks and uncertainties include, but are not limited
to: general economic, geopolitical, and financial conditions, including the
current and future impact of changing interest rates, inflation, international
conflicts, and COVID-19 on business operations, employment, and financial
conditions; the general condition of the real estate markets in the regions in
which we operate, which may be unfavorably impacted by increases in mortgage
interest rates, slowing economic growth, persistent elevated inflation levels,
and other factors; current maturities of the Partnership's financing
arrangements and the Partnership's ability to renew or refinance such financing
arrangements; defaults on the mortgage loans securing the Partnership's mortgage
revenue bonds; the competitive environment in which the Partnership operates;
risks associated with investing in multifamily and student residential
properties and commercial properties; changes in interest rates; the
Partnership's ability to use borrowings or obtain capital to finance its assets;
local, regional, national and international economic and credit market
conditions; recapture of previously issued Low Income Housing Tax Credits in
accordance with Section 42 of the Internal Revenue Code; geographic
concentration of properties related to our investments; changes in the U.S.
corporate tax code and other government regulations affecting our business; and
the other risks detailed in the Partnership's SEC filings (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 consider these
factors carefully in evaluating the forward-looking statements.
If any of these risks or uncertainties materializes or if any of the assumptions
underlying such forward-looking statements proves to be incorrect, the
developments and future events concerning the Partnership set forth in this
report may differ materially from those expressed or implied by these
forward-looking statements. You are cautioned not to place undue reliance on
these statements, which speak only as of the date of this document. We
anticipate that subsequent events and developments will cause our expectations
and beliefs to change. The Partnership assumes no obligation to update such
forward-looking statements to reflect events or circumstances after the date of
this document or to reflect the occurrence of unanticipated events, unless
obligated to do so under the federal securities laws.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
99.1 Press Release dated September 29, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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