Exhibit 99.1

 

PRESS RELEASE  FOR IMMEDIATE RELEASEOmaha, Nebraska

 

August 2, 2019

 

CONTACT:

Craig Allen

Chief Financial Officer

(800) 283-2357

 

America First Multifamily Investors, L.P. Reports Total Revenues of $14.3 million in Second Quarter 2019

 

Omaha, Nebraska – On August 2, 2019, America First Multifamily Investors, L.P. (NASDAQ: ATAX) (the “Partnership”) reported the following results:

As of and for the three months ended June 30, 2019:

 

 

Total assets of $1.0 billion,

 

Total Mortgage Revenue Bond (“MRB”) investments of $759.5 million,

 

Total revenues of $14.3 million,

 

Net income, basic and diluted, of $0.05 per Beneficial Unit Certificate (“BUC”), and

 

Cash Available for Distribution of $0.08 per BUC.

 

For the six months ended June 30, 2019:

 

 

Total revenues of $32.0 million for YTD June 30, 2019, compared to $32.2 million for the comparable period in 2018,

 

Net income, basic and diluted, of $0.13 per BUC for YTD June 30, 2019 and $0.13 per BUC for the comparable period in 2018, and

 

Cash Available for Distribution of $0.19 per BUC for the YTD June 30, 2019 and $0.19 per BUC for the comparable period in 2018.

  

The Partnership reported the following notable transactions during the second quarter of 2019:

 

 

Acquired two MRB investments totaling approximately $13.2 million,

 

Increased its Investment in unconsolidated entities by approximately $10.7 million, and

 

Redeemed one MRB investment for approximately $6.2 million.

 

In May 2019, the Partnership executed one new Term Tender Option Bond (“TOB”) debt financing with Morgan Stanley for approximately $13.2 million. In addition, in July 2019, the Partnership executed two new TOB debt financings with Mizuho Capital Markets totaling approximately $25.8 million. These represent the first debt financing transactions with each investment bank. “We are pleased with the new relationships we have developed with Morgan Stanley and Mizuho,” said Chad Daffer, Chief Executive Officer of the Partnership.  “These relationships reflect our efforts to diversify the Partnership’s sources of debt financings to provide greater value to our BUC holders.”


The following information was filed by America First Multifamily Investors, L.P. (ATAX) on Friday, August 2, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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