-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ViXDFf54C1qY2o9bS9M/fni7b5oOoyaxVm2dd7B3erIuYihVqPuN+6TdFvV0Pj4v 5Q71l5zeTYQ5vHSGsqjDjA== 0000912595-10-000005.txt : 20100122 0000912595-10-000005.hdr.sgml : 20100122 20100122094928 ACCESSION NUMBER: 0000912595-10-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100122 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100122 DATE AS OF CHANGE: 20100122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MID AMERICA APARTMENT COMMUNITIES INC CENTRAL INDEX KEY: 0000912595 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 621543819 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12762 FILM NUMBER: 10540382 BUSINESS ADDRESS: STREET 1: 6584 POPLAR AVE STREET 2: STE 340 CITY: MEMPHIS STATE: TN ZIP: 38138 BUSINESS PHONE: 9016826600 MAIL ADDRESS: STREET 1: 6584 POPLAR AVE STREET 2: SUITE 340 CITY: MEMPHIS STATE: TN ZIP: 38138 8-K 1 form8-k.htm FORM 8-K, MAA TAXABLE COMPOSITION OF 2009 DISTRIBUTION form8-k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) January 22, 2010 (January 22, 2010)

MID-AMERICA APARTMENT COMMUNITIES, INC.
(Exact name of registrant as specified in its charter)

TENNESSEE
1-12762
62-1543819
(State of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

6584 Poplar Avenue, Suite 300
 
Memphis, Tennessee
38138
(Address of principal executive offices)
(Zip Code)

(901) 682-6600
(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[    ]
Written communications  pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[    ]
Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[    ]
Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the Exchange Act (17 CFR 240.14d-2(b))

[    ]
Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the Exchange Act (17 CFR 240.13e-4(c))




ITEM 7.01                      Regulation FD Disclosure

On January 22, 2010, the registrant issued a press release announcing the taxable composition of its 2009 distributions paid to shareholders.  A copy of the press release is furnished as Exhibit 99.1 to this Current Report.

ITEM 9.01                      Financial Statements and Exhibits

(c)
Exhibits
   
       
 
Exhibit Number
 
Description
 
99.1
 
Press Release dated January 22, 2010
       
       
 
 



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


 
MID-AMERICA APARTMENT COMMUNITIES, INC.
Date: January 22, 2010
/s/Albert M. Campbell, III
 
Albert M. Campbell, III
 
Executive Vice President and Chief Financial Officer
 
(Principal Financial and Accounting Officer)

EX-99.1 2 ex_99-1.htm EXHIBIT 99.1, PRESS RELEASE, MAA TAXABLE COMPOSITION OF 2009 DISTRIBUTION 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 2009 Distributions


Memphis, TN:  January 22, 2010.  Mid-America Apartment Communities, Inc. (MAA: NYSE) today announced the taxable composition of its 2009 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 2009. The classifications for 2009 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
1/15/2009
4/15/2009
7/15/2009
10/15/2009
1/30/2009
4/30/2009
7/31/2009
10/30/2009
$0.615
$0.615
$0.615
$0.615
65.35%
65.35%
65.35%
65.35%
0.54%
0.54%
0.54%
0.54%
27.56%
27.56%
27.56%
27.56%
6.55%
6.55%
6.55%
6.55%


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
90.21%
0.75%
0.00%
9.04%

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 43,604 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

 
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, but are not limited to, statements made about anticipated growth rate of revenues and expenses at Mid-America’s properties, anticipated lease-up (and rental concessions) at development properties, costs remaining to complete development properties, planned disposition, disposition pricing, and planned acquisitions and developments. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including a downturn in general economic conditions or the capital markets, competitive factors including overbuilding or other supply/demand imbalances in some or all of our markets, construction delays that could cause new and add-on apartment units to reach the market later than anticipated, changes in interest rates and other items that are difficult to control such as insurance rates, 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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