secwatch.observer — SEC 8-K summary
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Issuer:     Greystone Housing Impact Investors LP (GHI)
CIK:        0001059142
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0000950170-24-006086
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 exchanges 1.75M Series A for Series B Preferred Units, extends capital to Jan 2030
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- Issued 1,750,000 Series B Preferred Units ($17.5M stated value) in exchange for same number of Series A at 5.75% fixed distribution.
- No net proceeds or cash consideration; partner retained $17.5M of original proceeds from Series A issued in 2016/2017.
- Earliest potential redemption for Series B is January 2030; non-cumulative, non-convertible, non-voting.
- CEO stated exchange provides non-dilutive, fixed-rate, low-cost institutional capital benefiting unitholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1059142/000095017024006086/0000950170-24-006086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1059142/000095017024006086/ghi-20240119.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-006086

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