Greystone Housing Impact Investors LP Issues 500,000 Series B Preferred Units to New Investor

Rhea-AI Summary

Greystone Housing Impact Investors (NYSE: GHI) announced that on October 9, 2025 it executed a Subscription Agreement to issue 500,000 Series B Preferred Units to a new institutional investor for $5,000,000 in aggregate proceeds. The units were issued under the Partnership’s Form S-3 shelf (Reg. No. 333-282185) authorizing up to 10,000,000 Series B Preferred Units. The Series B units are non-cumulative, non-convertible, non-voting, and include a holder redemption option beginning on the sixth anniversary of acquisition (earliest potential redemption: October 2031), with certain exceptions.

The company said the issuance provides non-dilutive, fixed-rate, low-cost institutional capital and that it will pursue additional issuances to institutional investors.

Positive

• Raised $5,000,000 in institutional capital
• Issued 500,000 Series B Preferred Units
• Units are non-dilutive, non-convertible, non-voting
• Issued under Form S-3 shelf for up to 10,000,000 Series B units

Negative

• Creates a potential redemption obligation of $5,000,000 starting October 2031
• Commitment to pursue additional issuances may increase future financing obligations

OMAHA, Neb., Oct. 14, 2025 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that on October 9, 2025, the Partnership executed a Subscription Agreement to issue 500,000 Series B Preferred Units representing limited partnership interests in the Partnership (the “Series B Preferred Units”) to a new institutional investor, resulting in $5,000,000 in 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 (Reg. No. 333-282185) 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 October 2031, with certain exceptions.

“This latest issuance provides us with non-dilutive, fixed-rate and low cost institutional capital to execute on our strategy for the benefit of our unitholders,” said Kenneth C. Rogozinski, Chief Executive Officer of the Partnership. “We will continue to pursue additional issuances to both new and existing financial institution investors.”

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, 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

Information contained in this press release contains “forward-looking statements,” which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to, risks involving current maturities of our financing arrangements and our ability to renew or refinance such maturities, fluctuations in short-term interest rates, collateral valuations, mortgage revenue bond investment valuations and overall economic and credit market conditions. For a further list and description of such risks, see the reports and other filings made by the Partnership with the Securities and Exchange Commission, including but not limited to, its 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. The Partnership disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

MEDIA CONTACT:

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

INVESTOR CONTACT:

Andy Grier Senior Vice President 402-952-1235

FAQ

What did Greystone Housing Impact Investors (GHI) announce on October 9, 2025?

GHI executed a subscription to issue 500,000 Series B Preferred Units to a new institutional investor for $5,000,000 in proceeds.

When can holders redeem the Series B Preferred Units issued by GHI (NYSE: GHI)?

Holders have an option to seek redemption starting on the sixth anniversary of acquisition; the earliest potential redemption date for these units is October 2031.

Are the Series B Preferred Units issued by GHI (GHI) dilutive to common unitholders?

No; the Series B units are described as non-convertible and non-voting, and the company characterized the capital as non-dilutive.

Under what registration was GHI able to issue the Series B Preferred Units?

The units were issued under the Partnership’s existing Form S-3 shelf registration (Reg. No. 333-282185) authorizing up to 10,000,000 Series B units.

How much capital did the October 2025 Series B Preferred issuance raise for GHI (NYSE: GHI)?

The issuance generated $5,000,000 in aggregate proceeds to the Partnership.