|
Mid-America Apartment Communities, 8.30% Series H Cumul Preferred Stock
Ticker Symbol: MAA-H* CUSIP: 59522J806 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/05/2010
Security has been Called for: Thursday, August 5, 2010
July 6, 2010 -- Mid-America Apartment Communities, Inc., announced today that it will redeem for cash all of the issued and outstanding shares of the Company's 8.30% Series H Cumulative Redeemable Preferred Stock, or the Shares, on the redemption date of August 5, 2010. This redemption will complete the redemption of all 6.2 million Shares originally issued; 3.1 million Shares of which were redeemed on June 2, 2010. The Company will pay a redemption price for the Shares of $25.00 per share plus all unpaid accumulated dividends to and including the redemption date. The redemption price will be due and payable in cash to the holders of the Shares on the redemption date. Dividends on the Shares will cease to accrue, and the Shares will no longer be deemed outstanding from and after the redemption date. All rights of the holders of the Shares, except the right to receive the redemption price, will cease on and after the redemption date. ____________ May 3, 2010 -- Mid-America Apartment Communities, Inc. announced today that it will redeem for cash approximately 50%, subject to rounding of fractional shares, of the 6,200,000 shares outstanding of the Company's 8.30% Series H Cumulative Redeemable Preferred Stock, or the Shares, on the redemption date of June 2, 2010. The Company will pay a redemption price for the Shares of $25.00 per share plus all unpaid accumulated dividends to and including the redemption date. The redemption price will be due and payable in cash to the holders of the Shares on the redemption date. Dividends on the Shares will cease to accrue, and the Shares will no longer be deemed outstanding from and after the redemption date. All rights of the holders of the Shares, except the right to receive the redemption price, will cease on and after the redemption date.
|
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: Mid-America Apartment Communities, 8.30% Series H Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 8/11/2008 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 8.30% ($2.075) per annum paid quarterly on 3/23, 6/23, 9/23 & 12/23 to holders of record on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date. Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (MAA)
IPO - 7/10/2003 - 5.60 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $140.0 Million
|
Company's Online Information Links
|
| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 6584 Poplar Avenue, Suite 300, Memphis, TN 38138 |
| Main Phone Number |
901-682-6600 |
| Fax Number |
901-682-6667 |
| Investor Relations
|
901-435-5371
|
| Toll Free Phone Number |
877-277-2327 |
| CEO - H. Eric Bolton, Jr. |
CFO - Simon R.C. Wadsworth |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
