Greystone Housing Impact Investors LP
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Item 5. Market Information
The Partnership’s BUCs trade on the NYSE under the trading symbol “GHI.”
BUC Holder Information
As of January 31, 2024, we had 22,897,082 BUCs outstanding held by a total of approximately 16,800 holders of record. In addition, the Partnership had outstanding unvested restricted unit awards (“RUA” or “RUAs”) for 95,600 BUCs held by 18 individuals as of December 31, 2023.
Distributions
Future distributions paid by the Partnership per BUC will be at the sole discretion of its General Partner and will be based upon financial, capital, and cash flow considerations. In addition, the holders of outstanding Preferred Units are entitled to receive non-cumulative cash distributions, when, as, and if declared by the General Partner, out of funds legally available therefor, in accordance with the terms and in the amount set forth in the Partnership Agreement. Distributions to the BUCs rank junior to distributions to the Preferred Units, and, therefore, such distributions may be limited under certain circumstances. See Note 20 to the Partnership’s consolidated financial statements for a further description of the Preferred Units. The Partnership currently expects to continue to pay distributions on its Preferred Units and BUCs in the future.
Equity Compensation Plan Information
The following table provides information with respect to compensation plans under which equity securities of the Partnership are currently authorized for issuance as of December 31, 2023:
| Number of shares to be issuedupon exercise of outstandingoptions, warrants, and rights · Weighted-average price ofoutstanding options, warrants,and rights · Number of shares remainingavailable for future issuanceunder equity compensationplans (excluding sharesreflected in column (a)) | |||||
|---|---|---|---|---|---|
| Plan Category · (a) · (b) · (c) | |||||
| Equity compensation plans approved by Unitholders | 95,600 | $ | - | 401,595 | (1) |
| Equity compensation plan not approved by Unitholders | - | - | - | ||
| Total | 95,600 | $ | - | 401,595 | |
| (1) Represents the BUCs which remain available for future issuance under the Amended and Restated Greystone Housing Impact Investors LP 2015 Equity Incentive Plan. | |||||
Unregistered Sale of Equity Securities
The Partnership did not sell any BUCs in 2023 or 2022 that were not registered under the Securities Act of 1933, as amended. There were no sales of unregistered Preferred Units in 2023 or 2022.
The Partnership did not repurchase any outstanding BUCs during the fourth quarter of 2023.
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