Corporate Profile for Municipal Mortgage & Equity, LLC, dated August 18, 2000.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: August 18, 2000
Company Name: Municipal Mortgage & Equity, LLC
Address: 218 N. Charles Street, Suite 500
Baltimore, MD 21201
Main Telephone
Number: 410/962-8044
Internet Home
Page Address
(URL) www.munimae.com
Chief Executive
Officer: Mark K. Joseph
Chief Financial
Officer: Gary A. Mentesana
Investor Relations
Contact: Derek K. Cole
Business number: 410/986-3944
E-mail address: dcole@munimae.com
Public Relations
Contact: Derek Cole
Business number: 410/962-8044
E-mail address: info@munimae.com
Industry: Real estate financial services
Trading Symbol/
Exchange: NYSE: MMA
Company Description: Municipal Mortgage & Equity, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , also known as MuniMae, originates, services and asset manages investments in multifamily housing debt and equity totaling $2.1 billion for its own account and for institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . MuniMae holds a portfolio of multifamily housing bonds, backed by real estate valued at over $775 million. Of these bonds, nearly one-half provide for the Company to participate in the appreciation of the underlying apartments. MuniMae is organized as a limited liability company, which makes it exempt from tax at the corporate level and provides the benefit of corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. . In addition, the Company passes through to its shareholders primarily tax-exempt tax-ex·empt adj. 1. Not subject to taxation, as the capital or income of a philanthropic organization. 2. Producing interest that is exempt from income tax: tax-exempt bonds. n. dividends, which are generated by its municipal bond investments. Dividends are declared quarterly and paid in February February: see month. , May, August and November November: see month. . MUNIMAE: TAX-EXEMPT DIVIDENDS AND GROWTH THROUGH REAL ESATE Submitter Name: Derek Cole Submitter Title: Director of Investor Relations Investor relations The process by which the corporation communicates with its investors. Submitter Company: MuniMae Submitter Phone: 410.986.3944 |
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