GlobeNewswire Inc | Aug 2, 2021 09:10AM EDT

August 02, 2021

OMAHA, Neb., Aug. 02, 2021 (GLOBE NEWSWIRE) -- America First Multifamily Investors, L.P. (NASDAQ: ATAX) (the Partnership) announced today that the Kroll Bond Rating Agency (KBRA) assigned the Partnership an initial senior unsecured issuer rating of BB+ with a stable outlook.

KBRA commented on the Partnerships moderate leverage and the favorable characteristics of affordable housing properties securing the Partnerships investments.

We are pleased to announce our new senior unsecured issuer rating from KRBA, said Kenneth C. Rogozinski, Chief Executive Officer of the Partnership. We believe this initial rating, which is only one notch below investment grade, is a strong signal to our lenders and stakeholders of the Partnerships financial position.

About America First Multifamily Investors, L.P.

America First Multifamily Investors, L.P. was formed on April 2, 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable multifamily, student housing and commercial properties.The Partnership is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis. The Partnership expects and believes the interest earned on these mortgage revenue bonds is excludable from gross income for federal income tax purposes.The Partnership seeks to achieve its investment growth strategy by investing in additional mortgage revenue bonds and other investments as permitted by the Partnerships Amended and Restated Limited Partnership Agreement, dated September 15, 2015, taking advantage of attractive financing structures available in the securities market, and entering into interest rate risk management instruments.America First Multifamily Investors, L.P. press releases are available at www.ataxfund.com.

SafeHarbor Statement

Certain statements in this report are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995.These forward-looking statements generally can be identified by use of statements that include, but are not limited to, phrases such as believe, expect, future, anticipate, intend, plan, foresee, may, should, will, estimates, potential, continue, or other similar words or phrases.Similarly, statements that describe objectives, plans, or goals also are forward-looking statements.Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Partnership.The Partnership cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, implied, or projected by such forward-looking statements.Risks and uncertainties include, but are not limited to: risks involving current maturities of financing arrangements and our ability to renew or refinance such maturities, fluctuations in short-term interest rates, collateral valuations, mortgage revenue bond investment valuations and overall economic and credit market conditions; and the other risks detailed in the Partnerships SEC filings (including but not limited to, the Partnerships Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K).Readers are urged to consider these factors carefully in evaluating the forward-looking statements.

MEDIA CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com

INVESTOR CONTACT:Andy GrierSenior Vice President402-952-1235