Greystone Housing Impact Investors LP Announces Regular Quarterly Cash Distribution

Rhea-AI Summary

Greystone Housing Impact Investors (NYSE: GHI) declared a regular quarterly cash distribution of $0.25 per Beneficial Unit Certificate (BUC). The distribution was declared on December 16, 2025, will be paid on January 30, 2026, and applies to BUC holders of record at the close of trading on December 31, 2025. BUCs will trade ex-distribution as of December 31, 2025.

The announcement says the Partnership is transitioning back to a focus on tax-exempt mortgage revenue bond investments and expects to wind down remaining market-rate multifamily JV equity investments over the next few years, with plans to reinvest capital into tax-exempt mortgage revenue bonds to support long-term value and a strong balance sheet.

Positive

• $0.25 per BUC quarterly cash distribution declared
• Payment date set for Jan 30, 2026
• Record date and ex-distribution date: Dec 31, 2025
• Strategic refocus to tax-exempt mortgage revenue bond investments

Negative

• Winding down remaining market-rate multifamily JV equity investments over the next few years

Key Figures

Quarterly distribution $0.25 per BUC Declared on December 16, 2025

Payment date January 30, 2026 Cash distribution payable to BUC holders

Record date December 31, 2025 Holders of record eligible for $0.25 distribution

Ex-distribution date December 31, 2025 BUCs trade ex-distribution as of this date

Market Reality Check

$6.38 Last Close

Volume Volume 162,660 is roughly in line with the 154,675 20-day average normal

Technical Price at $6.41 is trading below the $10.57 200-day MA and near the 52-week low of $6.01

Peers on Argus

GHI was down 1.99% while peers were mixed: SNFCA up 6.67%, ONIT slightly positive, BETR down 6%, and VEL modestly lower, indicating stock-specific dynamics rather than a unified sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 06	Q3 2025 earnings	Positive	-10.8%	Reported Q3 net income, CAD, and declared $0.30 per BUC distribution.
Oct 22	Earnings call setup	Neutral	-2.0%	Scheduled Q3 2025 earnings conference call and webcast details.
Oct 14	Preferred units issued	Positive	-0.3%	Issued 500,000 Series B preferred units for $5M under S-3 shelf.
Sep 16	Quarterly distribution	Positive	-0.2%	Declared regular $0.30 per BUC cash distribution for October 31, 2025.
Aug 07	Q2 2025 earnings	Negative	-4.3%	Reported Q2 net loss, CAD of $5.7M, and $0.30 distribution.

Pattern Detected

Recent history shows multiple negative price reactions, even following earnings updates and distribution announcements that highlighted operational activity and capital raises.

Recent Company History

Over the last few months, GHI has reported Q2 and Q3 2025 results, raised capital via $5.0M of Series B preferred units, and maintained a regular quarterly distribution of $0.30 per BUC through October 31, 2025. Despite operational initiatives and capital commitments, shares often traded lower after news, including a -10.8% move after the November 6, 2025 Q3 release. Today’s announcement of a $0.25 per BUC distribution fits the pattern of ongoing capital return but at a reduced level versus prior quarters.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-10-27

$200,000,000 registered capacity

An amended Form S-3/A filed on 2025-10-27 allows GHI to offer up to $200,000,000 of BUCs, preferred units, and debt securities on a continuous or delayed basis. The shelf was not yet effective and had 0 recorded usages in the provided context, but it establishes capacity for future capital raising tied to mortgage revenue bond and related investments.

Market Pulse Summary

This announcement declared a quarterly distribution of $0.25 per BUC, payable on January 30, 2026 to holders of record on December 31, 2025, as the partnership emphasizes a return to tax-exempt mortgage revenue bond investments. Historically, GHI paid $0.30 per BUC in recent quarters while also raising preferred capital and managing its investment mix. Investors may watch future distribution levels, progress on winding down market-rate JV equity, and deployment into targeted tax-exempt assets as key markers of the strategy.

Key Terms

beneficial unit certificate financial

"declared a cash distribution to the Partnership’s Beneficial Unit Certificate (“BUC”) holders"

A beneficial unit certificate is a document that shows a person’s right to the economic benefits (like dividends or proceeds) and sometimes voting power that come from a unit in a pooled investment, even though the legal title is held by a trustee or nominee. For investors it matters because the certificate is the practical proof of who receives income and claims on the asset—think of it as a ticket that entitles you to your share of a group-owned investment.

ex-distribution financial

"The BUCs will trade ex-distribution as of December 31, 2025."

"Ex-distribution" means a stock is traded without including the upcoming dividend or payout. If you buy a stock just before this date, you'll receive the payout, but if you buy it afterward, you won't. It’s important because it affects the stock’s price and whether investors get the upcoming payment.

tax-exempt mortgage revenue bond investments financial

"focusing on tax-exempt mortgage revenue bond investments, we are pleased to provide"

Tax-exempt mortgage revenue bond investments are municipal bonds issued to fund mortgage lending or to buy pools of home loans, where the interest paid to investors is generally exempt from federal income tax and sometimes state tax. They matter because they can provide tax-free income — like lending to a government-linked mortgage pool — offering potentially higher after-tax returns than taxable bonds, but investors still face credit risk, prepayment risk and interest-rate risk tied to the underlying loans.

AI-generated analysis. Not financial advice.

OMAHA, Neb., Dec. 16, 2025 (GLOBE NEWSWIRE) -- On December 16, 2025, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced that the Board of Managers of Greystone AF Manager LLC (“Greystone Manager”) declared a cash distribution to the Partnership’s Beneficial Unit Certificate (“BUC”) holders of $0.25 per BUC. The cash distribution will be paid on January 30, 2026 to all BUC holders of record as of the close of trading on December 31, 2025. The BUCs will trade ex-distribution as of December 31, 2025.

“As the Partnership transitions back to its base business of focusing on tax-exempt mortgage revenue bond investments, we are pleased to provide unitholders with a $0.25 per BUC quarterly distribution,” said Ken Rogozinski, Chief Executive Officer of the Partnership. “We understand the importance of the distribution to our unitholders.  Over the next few years, as we wind down the remaining investments in our market rate multifamily JV equity investment portfolio, we look forward to reinvesting capital from those investments into additional high quality tax-exempt mortgage revenue bond investments.  We believe this will position the Partnership to build long-term value for our unitholders and maintain and further improve a strong balance sheet.”  

Greystone Manager is the general partner of America First Capital Associates Limited Partnership Two, the Partnership’s general partner. Distributions to the Partnership’s BUC holders, including regular and any supplemental distributions, are determined by Greystone Manager based on a disciplined evaluation of the Partnership’s current and anticipated operating results, financial condition and other factors it deems relevant. Greystone Manager continually evaluates the factors that go into BUC holder distribution decisions, consistent with the long-term best interests of the BUC holders and the Partnership.

About Greystone Housing Impact Investors LP

Greystone Housing Impact Investors LP was formed in 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable multifamily, seniors and student housing properties. The Partnership is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis. The Partnership expects and believes the interest earned on these mortgage revenue bonds is excludable from gross income for federal income tax purposes. The Partnership seeks to achieve its investment growth strategy by investing in additional mortgage revenue bonds and other investments as permitted by its Second Amended and Restated Limited Partnership Agreement, dated December 5, 2022, (the “Partnership Agreement”), taking advantage of attractive financing structures available in the securities market, and entering into interest rate risk management instruments. Greystone Housing Impact Investors LP press releases are available at www.ghiinvestors.com.

Safe Harbor Statement

Certain statements in this press release 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: defaults on the mortgage loans securing our mortgage revenue bonds and governmental issuer loans; the competitive environment in which the Partnership operates; risks associated with investing in multifamily, student, senior citizen residential properties and commercial properties; general economic, geopolitical, and financial conditions, including the current and future impact of changing interest rates, inflation, and international conflicts on business operations, employment, and financial conditions; conditions in the investment, credit, interest rate, and derivatives markets; any effects on our business resulting from new U.S. domestic or foreign governmental trade measures, including but not limited to tariffs, import and export controls, foreign exchange intervention accomplished to offset the effects of trade policy or in response to currency volatility, and other restrictions on free trade; adverse reactions in U.S. financial markets related to actions of foreign central banks or the economic performance of foreign economies, including in particular China, Japan, the European Union, and the United Kingdom; the general condition of the real estate markets in the regions in which the Partnership operates, which may be unfavorably impacted by incrementally higher unemployment rates and other factors; changes in interest rates and credit spreads, as well as the success of any hedging strategies the Partnership may undertake in relation to such changes, and the effect such changes may have on the relative spreads between the yield on investments and cost of financing; the potential for inflationary impacts resulting from macroeconomic conditions and policy initiatives; the Partnership’s ability to access debt and equity capital to finance its assets; current maturities of the Partnership’s financing arrangements and the Partnership’s ability to renew or refinance such financing arrangements; 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 investments held by the Partnership; changes in the U.S. corporate tax code and other government regulations affecting the Partnership’s business; risks related to the development and use of artificial intelligence; 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 press release 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.

MEDIA CONTACT:
        Fran Del Valle
        Greystone
        917-922-5653
        fran@influencecentral.com

INVESTOR CONTACT:
        Andy Grier
        Senior Vice President
        402-952-1235

FAQ

What distribution did Greystone Housing Impact Investors (GHI) declare on December 16, 2025?

The Partnership declared a regular quarterly cash distribution of $0.25 per BUC on December 16, 2025.

When will GHI pay the $0.25 per BUC distribution and who is eligible?

The distribution will be paid on January 30, 2026 to BUC holders of record as of the close of trading on December 31, 2025.

When do GHI BUCs trade ex-distribution for the January 30, 2026 payout?

BUCs will trade ex-distribution as of December 31, 2025.

What strategic change did GHI announce with the distribution news?

GHI said it is transitioning back to focusing on tax-exempt mortgage revenue bond investments and will wind down certain market-rate JV equity investments over the next few years.

How did GHI describe its distribution decision process for BUC holders?

Greystone Manager said distributions are determined based on evaluation of the Partnership's operating results, financial condition and other relevant factors.