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Mid-America Apartment Communities, Inc., a real estate investment trust (REIT), engages in acquiring, owning, and operating apartment communities primarily in the Sunbelt region of the United States. As of December 31, 2007, Mid-America owned 100% of 137 properties representing 40,248 apartment units. The company qualifies as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income tax to the extent it distributes 90% of taxable income to its shareholders. The company was founded in 1977 and is based in Memphis, Tennessee.
- W COMPANY SITE
- P 901-682-6600
- F 901-682-6667


Press Release $MAA Mid-America Apartment Communities Inc.
MEMPHIS, Tenn., Jan. 22, 2013 /PRNewswire/ -- MAA (MAA: NYSE) today announced the taxable composition of its 2012 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 2012. The classifications for 2012 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
1/13/2012
4/13/2012
7/13/2012
10/15/2012
1/31/2012
4/30/2012
7/31/2012
10/31/2012
$0.6600
$0.6600
$0.6600
$0.6600
81.64%
81.64%
81.64%
81.64%
3.09%
3.09%
3.09%
3.09%
0.00%
0.00%
0.00%
0.00%
15.27%
15.27%
15.27%
15.27%
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%.
(Logo: http://photos.prnewswire.com/prnh/20110614/CL19184LOGO )
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.
About MAA
MAA is a self-administered, self-managed apartment-only real estate investment trust which owns or has ownership interest in 49,591 apartment units throughout the Sunbelt region of the U.S.
Web-Site: www.maac.com
SOURCE MAA