secwatch.observer — SEC 8-K summary
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Issuer:     Greystone Housing Impact Investors LP (GHI)
CIK:        0001059142
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0000950170-23-003070
Event type: other_material
Sentiment:  positive
Materiality: 0.45
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greystone Housing issues 1.5M Series A-1 Preferred Units; gets $8M new capital from financial institution
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- Exchanged 700,000 Series A Preferred for 700,000 Series A-1 Preferred (stated value $7M); no cash.
- Issued 800,000 new Series A-1 Preferred for $8M in proceeds; total issuance 1.5M units.
- Proceeds to acquire mortgage revenue bonds for affordable housing and other investments.
- Earliest redemption for new Series A-1 units is February 2029; non-cumulative, non-convertible, non-voting.
- CEO says transaction provides non-dilutive, fixed-rate, low-cost institutional capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1059142/000095017023003070/0000950170-23-003070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1059142/000095017023003070/ghi-20230215.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-003070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer