America First Tax Exempt Investors, L.P. (ATAX) news stock charts
America First Tax Exempt Investors, L.P. (ATAX) Investment Summary:
The Partnership was formed on April 2, 1998 under the Delaware Revised Uniform Limited Partnership Act for the purpose of acquiring, holding, selling and otherwise dealing with a portfolio of federally tax-exempt mortgage revenue bonds which have been issued to provide construction and/or permanent financing of multifamily residential properties. Interest on these bonds is excludable from gross income for federal income tax purposes. As a result, most of the income earned by the Partnership is exempt from federal income taxes. Our general partner is America First Capital Associates Limited Partnership Two (“AFCA 2”), whose general partner is The Burlington Capital Group LLC (“Burlington”). Since 1984, Burlington has specialized in the management of investment funds, many of which were formed to acquire real estate investments such as tax-exempt mortgage revenue bonds, mortgage securities and multifamily real estate properties. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f13%2f0000950137-08-003596.html#FIS_BUSINESS"AMER FST TAX EX INVESTORS LP (ATAX:NASDAQ)
Snapshot of AMER FST TAX EX INVESTORS LP (ATAX)
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OPEN
$5.80
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PREVIOUS CLOSE
$5.83
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DAY HIGH
$6.00
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DAY LOW
$5.79
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52 WEEK HIGH
04/2/09 - $6.70
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52 WEEK LOW
05/22/09 - $4.40
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MARKET CAP
127.3M
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AVERAGE VOLUME 10 D
40.1K
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EPS TTM
$0.19
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SHARES OUTSTANDING
21.2M
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EX-DATE
03/29/10
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P/E TTM
31.6x
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DIVIDEND
$0.50
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DIVIDEND YIELD
9.08%
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| K = Thousands M = Millions B = Billions | ||
Key developments for AMER FST TAX EX INVESTORS LP (ATAX)
On 03/16/2010, America First Tax Exempt Investors LP announced that they will be unable to file their next 10-K by the deadline required by the SEC.
On February 23, 2010, the Board of Managers of The Burlington Capital Group, LLC, in its capacity as the general partner of the General Partner of America First Tax Exempt Investors, L.P., appointed Mark A. Hiatt as the Chief Executive Officer of the America First Tax Exempt Investors, L.P. In such capacity, Mr. Hiatt will assume overall responsibility for the operations of America First Tax Exempt Investors, L.P. Lisa Y. Roskens will remain as the Chairman of the Board and the President and Chief Executive Officer of Burlington. Mr. Hiatt, age 50, has been employed by Burlington since 1987 in various capacities, and currently serves as the President of America First Real Estate Group, the real estate operating division of Burlington. As President of America First Real Estate Group, Mr. Hiatt currently oversees all of the company's real estate operations. He has previously served as Chief Operating Officer and Chief Financial Officer of Burlington, and also as the Chief Operating Officer for America First Properties Management Company, L.L.C. Prior to joining Burlington Capital Group, Mr. Hiatt was Director of Finance, from 1984 to 1987, for J.L. Brandeis & Sons and, from 1982 to 1984, he was a senior accountant with Arthur Andersen & Co.
America First Tax Exempt Investors LP and subsidiaries received a commitment for a new loan facility that will refinance the company's current Tender Option Bond credit facility that matures in July of 2009. This commitment is significant to the company in that, when the new facility is closed, it will reduce the current refinancing risk related to the TOB credit facility. The ability to negotiate this new loan facility is an important step in moving forward with strategic plan to grow the business. Securing financing in these challenging times has not been easy; any increased costs of borrowing associated with this transaction are out-weighed by eliminating the refinancing risks associated with the TOB program. The company currently maintains a $76.6 million TOB credit facility with Bank of America that will mature in July 2009. The company has received a commitment for a new $50.0 million secured credit facility from Bank of America which, along with cash collateral currently held by Bank of America, will allow the company to refinance its current TOB credit facility. The new credit facility will have a one-year term with a six-month renewal option held by the company and an annual floating interest rate of one-month LIBOR plus 390 basis points. The new credit facility is expected to close before June 30, 2009, subject to the terms of the commitment letter.
America First Tax Exempt Investors, L.P. financial resources
ATAX Competitors
| Company | Last | Change | |
| No competitor information is available for ATAX. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | ATAX | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 7.1x |
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| Price/Book | 1.3x |
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| Price/Cash Flow | 4.2x |
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| TEV/Sales | 2.8x |
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ATAX |
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ATAX transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About America First Tax Exempt Investors, L.P.
AMERICA FIRST TAX EXEMPT INVESTORS LP Files SEC form 8-K, Change in Directors or Principal Officers
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America First Tax Exempt Investors, L.P. Announces Public Offering of Shares Representing Assigned Limited Partnership Interests
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America First Tax Exempt Investors, L.P. Announces the Sale of Oak Grove Commons Apartments
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America First Tax Exempt Investors, L.P. Announces Pricing of Public Offering of Shares Representing Assigned Limited Partnership Interests
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America First Tax Exempt Investors, L.P. Announces Pricing of Public Offering of Shares Representing Assigned Limited Partnership Interests
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AMERICA FIRST TAX EXEMPT INVESTORS LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of
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AMERICA FIRST TAX EXEMPT INVESTORS LP Files SEC form 8-K, Other Events
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America First Tax Exempt Investors, L.P. Announces Pricing of Public Offering of Shares Representing Assigned Limited Partnership Interests
Read article
America First Tax Exempt Investors, L.P. Announces Public Offering of Shares Representing Assigned Limited Partnership Interests
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America First Tax Exempt Investors, L.P. Announces the Sale of Oak Grove Commons Apartments
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AMERICA FIRST TAX EXEMPT INVESTORS LP Files SEC form 10-Q, Quarterly Report
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America First Tax Exempt Investors, L.P. Announces Pricing of Public Offering of Shares Representing Assigned Limited Partnership Interests
Read article
AMERICA FIRST TAX EXEMPT INVESTORS LP Files SEC form 10-Q, Quarterly Report
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AMERICA FIRST TAX EXEMPT INVESTORS LP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
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