Key Developments: America First Tax Exempt Investors LP (ATAX.O)
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Latest Key Developments (Source: Significant Developments)
America First Tax Exempt Investors LP Announces Regular Quarterly Distribution-Form 8-K
America First Tax Exempt Investors LP reported in its Form 8-K that their regular quarterly distribution to unitholders of $0.125 per unit. The distribution will be paid on April 30, 2013 to all ATAX unitholders of record as of the close of trading on March 29, 2013. Full Article
America First Tax Exempt Investors LP Announces Regular Quarterly Distribution-Form 8-K
America First Tax Exempt Investors LP reported in its Form 8-K that their regular quarterly distribution to unitholders of $0.125 per unit. The distribution will be paid on January 31, 2013 to all ATAX unitholders of record as of the close of trading on December 31, 2012. Full Article
America First Tax Exempt Investors, LP Prices Underwritten Public Offering of Shares Representing Assigned Limited Partnership Interests
America First Tax Exempt Investors, LP announced the pricing of an underwritten public offering of 11,000,000 shares representing assigned limited partnership interests at $5.06 per share, raising approximately $52.3 million in net proceeds for the Company after payment of underwriting discounts and commissions. The Company has granted the underwriters a 30-day option to purchase up to 1,650,000 additional shares at the same price per share. All of the shares will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission. The Company intends to utilize the net proceeds from the offering to acquire additional tax-exempt revenue bonds and other investments meeting its investment criteria and for general working capital needs. Full Article
America First Tax Exempt Investors, LP Announces Change In Senior Management
America First Tax Exempt Investors, LP announced that Michael J. Draper has resigned as Chief Financial Officer of The Burlington Capital Group LLC (Burlington), the Company that acts as the general partner of the Company. In that capacity, Mr. Draper also acts as the Company's Chief Financial Officer. Mr. Draper will resign as Chief Financial Officer in order to assume the role of Chief Executive Officer of BCG Solutions LLC, an affiliate of Burlington. BCG Solutions LLC is a technology company focused on the development and commercialization of Viriditec Sanitation Solution ™, a patented and patent pending technology. Burlington has identified and hired Timothy Francis to replace Mr. Draper as Chief Financial Officer of Burlington and the Company. Mr. Francis is expected to begin his employment on or before February 1, 2012. Mr. Draper will remain with the Company until Mr. Francis begins his employment and will be available to Mr. Francis throughout any necessary transition period. Full Article
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