EX-99.1 2 ex_99-1.htm PRESS RELEASE ROC ex_99-1.htm
 
 
 

 

MID-AMERICA APARTMENT COMMUNITIES, INC.
A self-managed equity REIT


PRESS RELEASE


Mid-America Apartment Communities Announces Taxable Composition of Its 2008 Distributions


Memphis, TN:  January 22, 2009.  Mid-America Apartment Communities, Inc. (MAA: NYSE) today announced the taxable composition of its 2008 distributions paid to shareholders. The amount of distribution referred to as return of capital is considered by the Internal Revenue Service to be a return of invested capital and is not currently taxable. This amount should be applied to reduce the shareholders’ tax cost basis of the related shares. The company did not incur any foreign taxes. The composition presented is applicable to all dividend distributions during 2008. The classifications for 2008 are as follows:

COMMON SHARES (CUSIP NO. 59522J103)
 
 
Record
Dates
 
 
Payable
Dates
 
Cash
Distributions
Per Share
 
 
Ordinary Taxable
Dividend
 
 
Long-Term
Capital Gains
 
 
Return of
Capital
 
 
Unrecaptured Sec. 1250
Gain
1/15/2008
4/15/2008
7/15/2008
10/15/2008
1/31/2008
4/30/2008
7/31/2008
10/31/2008
$0.615
$0.615
$0.615
$0.615
58.18%
58.18%
58.18%
58.18%
0.00%
0.00%
0.00%
0.00%
41.82%
41.82%
41.82%
41.82%
0.00%
0.00%
0.00%
0.00%


PREFERRED SHARES
 
 
Series
Cash
Dividend
per Share
Ordinary
Taxable
Dividend
Long Term
Capital
Gain
 
Return of
Capital
 
Unrecaptured Sec. 1250
Gain
Series H (CUSIP# 59522J806)
$2.0750
100%
0.00%
0.00%
0.00%

The Long Term Capital Gain Distributions qualify for the 15% Reduced Tax Rate on Capital Gains.  Please note REIT Ordinary Taxable Dividends, by law, do not qualify for the Reduced Tax Rate of 15%.

This release is based on the preliminary work the company has performed on its filings and is subject to correction or adjustment based on the completion of those filings.  The company is releasing information at this time to aid those required to distribute 1099s on the company’s dividends.  No material change in the taxable composition is expected.

MAA is a self-administered, self-managed apartment-only real estate investment trust which owns or has ownership interest in 42,554 apartment units throughout the Sunbelt region of the U.S.
6584 Poplar Avenue, Memphis, TN  38138, (901) 682-6600 FAX: (901) 682-6667

Web-Site: www.maac.net