GERMANTOWN, Tenn., Jan. 16,
2024 /PRNewswire/ -- Mid-America Apartment
Communities, Inc. or MAA (NYSE: MAA) today announced the
taxable composition of the 2023 distributions paid to
shareholders. The company does not expect any portion of the
2023 distributions paid to shareholders to represent a return of
capital. The company did not incur any foreign taxes. The
composition presented is applicable to all dividend distributions
during 2023. The classifications for 2023 are as follows:
|
Common Stock (MAA)
(CUSIP 59522J103)
|
|
|
Record
Date
|
Pay
Date
|
Cash
Distributions
Per Share
|
Ordinary
Taxable
Distribution
|
Long
Term
Capital
Gain
|
Unrecaptured
Sec. 1250
Gain
|
Section
199A
|
Section
897
Capital
Gain
|
|
1/13/2023
|
1/31/2023
|
$1.4000
|
100.0000 %
|
0.0000 %
|
0.0000 %
|
100.0000 %
|
0.0000 %
|
|
4/14/2023
|
4/28/2023
|
$1.4000
|
100.0000 %
|
0.0000 %
|
0.0000 %
|
100.0000 %
|
0.0000 %
|
|
7/14/2023
|
7/31/2023
|
$1.4000
|
100.0000 %
|
0.0000 %
|
0.0000 %
|
100.0000 %
|
0.0000 %
|
|
10/13/2023
|
10/31/2023
|
$1.4000
|
100.0000 %
|
0.0000 %
|
0.0000 %
|
100.0000 %
|
0.0000 %
|
|
|
8.5% Series I
Cumulative Redeemable Preferred Stock (MAA/PI) (CUSIP
59522J889)
|
|
|
Record
Date
|
Pay
Date
|
Cash
Distributions
Per Share
|
Ordinary
Taxable
Distribution
|
Long
Term
Capital
Gain
|
Unrecaptured
Sec. 1250
Gain
|
Section
199A
|
Section
897
Capital
Gain
|
|
3/15/2023
|
3/31/2023
|
$1.06250
|
100.0000 %
|
0.0000 %
|
0.0000 %
|
100.0000 %
|
0.0000 %
|
|
6/15/2023
|
6/30/2023
|
$1.06250
|
100.0000 %
|
0.0000 %
|
0.0000 %
|
100.0000 %
|
0.0000 %
|
|
9/15/2023
|
10/2/2023
|
$1.06250
|
100.0000 %
|
0.0000 %
|
0.0000 %
|
100.0000 %
|
0.0000 %
|
|
12/15/2023
|
1/2/2024
|
$1.06250
|
100.0000 %
|
0.0000 %
|
0.0000 %
|
100.0000 %
|
0.0000 %
|
This release is based on the preliminary work the company has
performed on its tax filings and is subject to correction or
adjustment based on the completion of those filings.
Shareholders are encouraged to consult with their personal tax
advisors as to their specific tax treatment of these MAA
distributions. The company is releasing information at this
time to aid those required to distribute Forms 1099 on the
company's dividends. No material change in the taxable
composition is expected.
About MAA
MAA, an S&P 500 company, is a self-administered real estate
investment trust (REIT) focused on delivering strong, full-cycle
investment performance for shareholders through the ownership,
management, acquisition, development and redevelopment of apartment
communities primarily in the Southeast, Southwest and Mid-Atlantic
regions of the United States. For further details, please
refer to www.maac.com or contact Investor Relations at
investor.relations@maac.com.
Certain matters in this press release may constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities and Exchange Act of 1934, as amended, with respect to
our expectations for future periods. Such statements include those
made about the expectation that the company will have no material
change in taxable composition of its 2023 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