America First Multifamily Commences Public Offering Of 7 Mln Shares

(RTTNews) - America First Multifamily Investors, L.P. (ATAX) Monday said it has commenced an underwritten public offering of 7 million shares representing assigned limited partnership interests of the company. The stock fell over 7 percent in the extended trade.

Deutsche Bank Securities Inc. will be the lead book-running manager for the offering and Oppenheimer & Co. will be the co-book-running manager.

BB&T Capital Markets, a division of BB&T Securities, LLC, will be the lead manager for the offering.

The company intends to utilize the net proceeds from the offering to acquire additional mortgage revenue bonds and other investments meeting its investment criteria as well as for general working capital needs.

ATAX rose 0.3 percent on Monday to close at $6.34, but dropped 7.3 percent in the extended trade.