MMA Muni Mtg & Equ Llc

MuniMae (NYSE:MMA) today announced that the chairman of executive sessions of non-management members of its board of directors is the chairman of its audit committee, currently Fred N. Pratt, Jr. As required by the rules of the New York Stock Exchange, the non-management directors of the MuniMae board meet regularly in executive sessions, without management present. These meetings normally follow scheduled meetings of the board of directors. MuniMae had not previously disclosed in its proxy statement for its 2006 annual shareholders meeting the identity of the presiding officer at such sessions or that such sessions occur regularly. These disclosures will be included in MuniMae�s 2007 proxy statement. About MuniMae MuniMae and its subsidiaries arrange debt and equity financing for developers and owners of real estate and clean energy projects. The Company provides investment management and advisory services for institutional investors. Assets under management exceed $17 billion including investments in over 3,000 multifamily properties, containing more than 320,000 units in 49 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. MuniMae is organized as a limited liability company, which allows it to combine the limited liability, governance and management characteristics of a corporation with the pass-through income features of a partnership. As a result, the tax-exempt income derived from certain investments remains tax-exempt when passed through to shareholders. Distributions to shareholders are normally declared quarterly. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company�s expectations include completion of the audit of our financial statements, completion of pending investments, continued ability to originate new investments, the mix of business between tax-exempt and taxable activities, the availability and cost of capital for future investments, competition within the finance and real estate industries, economic conditions, loss experience and other risks detailed from time to time in the Company�s SEC reports. This press release does not constitute an offer to sell any securities of the Company or any other entity. MUNIMAE: INTEGRITY. INNOVATION. SERVICE. www.MuniMae.com MuniMae (NYSE:MMA) today announced that the chairman of executive sessions of non-management members of its board of directors is the chairman of its audit committee, currently Fred N. Pratt, Jr. As required by the rules of the New York Stock Exchange, the non-management directors of the MuniMae board meet regularly in executive sessions, without management present. These meetings normally follow scheduled meetings of the board of directors. MuniMae had not previously disclosed in its proxy statement for its 2006 annual shareholders meeting the identity of the presiding officer at such sessions or that such sessions occur regularly. These disclosures will be included in MuniMae's 2007 proxy statement. About MuniMae MuniMae and its subsidiaries arrange debt and equity financing for developers and owners of real estate and clean energy projects. The Company provides investment management and advisory services for institutional investors. Assets under management exceed $17 billion including investments in over 3,000 multifamily properties, containing more than 320,000 units in 49 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. MuniMae is organized as a limited liability company, which allows it to combine the limited liability, governance and management characteristics of a corporation with the pass-through income features of a partnership. As a result, the tax-exempt income derived from certain investments remains tax-exempt when passed through to shareholders. Distributions to shareholders are normally declared quarterly. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company's expectations include completion of the audit of our financial statements, completion of pending investments, continued ability to originate new investments, the mix of business between tax-exempt and taxable activities, the availability and cost of capital for future investments, competition within the finance and real estate industries, economic conditions, loss experience and other risks detailed from time to time in the Company's SEC reports. This press release does not constitute an offer to sell any securities of the Company or any other entity. -0- *T MUNIMAE: INTEGRITY. INNOVATION. SERVICE. www.MuniMae.com *T