-MuniMae Announces set to resume trading.
BANKING AND CREDIT NEWS-October 7, 2013--MuniMae Announces set to resume trading(C)2013 M2 COMMUNICATIONS http://www.m2.com
7 October 2013 -- Baltimore USA-based Municipal Mortgage & Equity LLC (OTC: MMAB) said it has confirmed with both the Securities and Exchange Commission and the Financial Industry Regulatory Authority that the final procedural hurdles required to resume trading in the firm's common shares are complete.
As a result MuniMae said it expects FINRA to complete the removal of the trading restriction on the company's common shares which should be effective.
The company has confirmed that we will continue to trade under our prior trading symbol, MMAB, when trading resumes.
Broker-dealers that intend to act as market-makers in our shares should file the requisite form 211 with FINRA at this time, if they have not already done so. The company expects initial trading to be at a lower volume and at higher bid/ask spreads relative to historical experience.
These conditions could persist until enough broker-dealers have entered the market on behalf of clients and pre-suspension market-making activities resume at more traditional levels.
MuniMae is a real estate asset management company that creates and manages debt and equity investments collateralised primarily by multifamily housing.
Find out more at www.munimae.com/
1 USD = 0.624259 GBP
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