secwatch.observer — SEC 8-K summary
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Issuer:     Greystone Housing Impact Investors LP (GHI)
CIK:        0001059142
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0000950170-23-026386
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greystone Housing issues $10M Series A-1 Preferred Units to PNC Community Development
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- Issued 1,000,000 Series A-1 Preferred Units to PNC Community Development Company, LLC for $10M in proceeds.
- Units are non-cumulative, non-convertible, non-voting; earliest optional redemption June 2029.
- Proceeds to fund acquisition of mortgage revenue bonds for affordable multifamily, student, and senior housing.
- Issuance under existing shelf registration permitting up to 3,500,000 Series A-1 units.
- CEO notes the transaction provides low-cost, non-dilutive capital, bolstering liquidity in a rising-rate environment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1059142/000095017023026386/0000950170-23-026386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1059142/000095017023026386/ghi-20230602.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-026386

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