Mid-America Apartment Communities Inc | 8 1/2% Series A Cumulative Redeemable Preferred Shares (MAA.PRI)
Prospectus excerpt: Dividends on the 8 1/2% Series A Cumulative Redeemable Preferred Shares, $.01 par value per share (the "Preferred Shares"), of Post Properties, Inc. (the "Company") will be cumulative from the date of original issue and will be payable quarterly on or about the last day of March, June, September and December of each year, commencing December 31, 1996, at the rate of 8 1/2% of the liquidation preference per annum (equivalent to $4.25 per annum per share).
The Preferred Shares are not redeemable prior to October 1, 2026. On or after October 1, 2026, the Preferred Shares may be redeemed for cash at the option of the Company in whole or in part, at a redemption price of $50.00 per share, plus accrued and unpaid dividends, if any, thereon.
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Mid-America Apartment Communities is a multifamily-focused, self-administered and self-managed real estate investment trust. Co. owns, operates, acquires and selectively develops apartment communities primarily located in the Southeast, Southwest and Mid-Atlantic regions of the U.S. Co. maintaines full or partial ownership of various apartment communities across several states and the District of Columbia. Co.'s business is conducted principally through its subsidiary, Mid-America Apartments, L.P. (the Operating Partnership). Co. is the sole general partner of the Operating Partnership. Preferred: MAA.PRI Open the MAA Information Page » |
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