MEMPHIS, Tenn., Jan. 26, 2015 /PRNewswire/ -- Mid-America
Apartment Communities, Inc. or MAA (NYSE: MAA) today announces
the taxable composition of its 2014 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 2014. The classifications for 2014 are as
follows:
|
COMMON STOCK
(CUSIP NO. 59522J103)
|
|
Record
Dates
|
Payable
Dates
|
Cash
Distributions
Per
Share
|
Ordinary
Taxable
Distribution
|
Long-Term
Capital
Gains
|
Return
of
Capital
|
Unrecaptured Sec.
1250
Gain
|
|
1/15/2014
4/15/2014
7/15/2014
10/15/2014
|
1/31/2014
4/30/2014
7/31/2014
10/31/2014
|
$0.7300
$0.7300
$0.7300
$0.7300
|
94.41%
94.41%
94.41%
94.41%
|
0.00%
0.00%
0.00%
0.00%
|
5.59%
5.59%
5.59%
5.59%
|
0.00%
0.00%
0.00%
0.00%
|
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.
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About MAA
MAA is a self-administered real estate
investment trust (REIT) and member of the S&P Mid Cap 400
index. As of December 31, 2014,
MAA owned or had ownership interest in 82,316 apartment units
throughout the Sunbelt region of the U.S. focused on delivering
full-cycle and superior investment performance. For further
details, please refer to the MAA website at www.maac.com.
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 those made about the
expectation that the company will have no material change in
taxable composition of its 2014 distributions. The expectation is
based on preliminary work the company has performed on its year end
filings and on information currently available. Unknown
risks, uncertainties and other factors may cause actual results,
performance or achievements of the company to differ materially
from those on which these calculations were based. 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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SOURCE MAA