MEMPHIS, Tenn., Dec. 2, 2016 /PRNewswire/ -- MAA (NYSE:
MAA) today announced a full quarterly dividend of $1.0625 per outstanding share of its 8.50% Series
I Cumulative Redeemable Preferred Stock. The dividend is
payable on January 3, 2017 to
shareholders of record on December 15,
2016.
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MAA expects to announce the declaration of quarterly dividends
on its common stock following a meeting of its Board of Directors
next week.
About MAA
MAA is a self-administered real estate
investment trust (REIT) and member of the S&P 500 index. MAA
currently owns or has ownership interest in apartment communities
throughout the Southeast and Southwest regions of the U.S. focused
on delivering full-cycle and strong investment performance. For
further details, please refer to www.maac.com or contact Investor
Relations at investor.relations@maac.com.
Certain matters in this press release may constitute
forward-looking statements within the meaning of Section 27-A of
the Securities Act of 1933 and Section 21E of the Securities and
Exchange Act of 1934. Such statements include statements made about
the payment of preferred dividends and the declaration of common
dividends. The ability to meet the payment of preferred or common
dividends in or contemplated by the forward-looking statements
could differ materially from the projection due to a number of
factors, including a downturn in general economic conditions or the
capital markets, changes in interest rates and other items that are
difficult to control such as increases in real estate taxes in many
of our markets, as well as the other general risks inherent in the
apartment and real estate businesses. Reference is hereby made to
the filings of Mid-America Apartment Communities, Inc. with the
Securities and Exchange Commission, including quarterly reports on
Form 10-Q, reports on Form 8-K, and its annual report on Form 10-K,
particularly including the risk factors contained in the latter
filing.
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SOURCE MAA