Seeking Alpha

America First Multifamily falls 8.2% pre-market on 7.2M share follow-on

  • America First Multifamily Investors (ATAX) shares are off 8.2% pre-market after the company prices an up-sized 7.2M share follow-on at $6.25/share (a 6.7% discount to yesterday's close).
  • The company intends to use net proceeds of $42.3M to acquire additional mortgage revenue bonds and other investments.
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