America First: A Unique Alternative To Mortgage REITs And Muni Bonds


  • We had a neutral opinion on ATAX when we last covered it.
  • We look at the company again after Q1-2022 and note how it can be an alternative to both mortgage REITs and Muni Bond funds.
  • We tell our readers how we played it for an 11.57% yield.
  • Looking for option income ideas that focus on capital preservation? I offer this and much more at my exclusive investing ideas service, Conservative Income Portfolio. Learn More »

Municipal bond dollar

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When we last covered America First Multifamily Investors, L.P. (ATAX) we were unimpressed with the valuation. Since we expected interest rates to rise at the long end, we were looking for a sharp drop in tangible

ATAX stock price
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ATAX tangible book value
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ATAX vs NLY vs AGNC - tangible book value
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ATAX liabilities and market cap
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America First distribution

- (ATAX Q1-2022 Results)

10 Largest Leveraged Closed End Funds


ATAX vs muni bonds price
Data by YCharts

ATAX cash secured put snapshot

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Disclosure: I/we have a beneficial long position in the shares of ATAX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Long position is via cash secured puts.

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