MMA Muni Mtg & Equ Llc

Municipal Mortgage & Equity, LLC (�MuniMae,� NYSE:MMA) announced today that its Board of Directors declared a distribution of $0.5225 per common share payable on August�22,�2007 to shareholders of record as of August�8,�2007. This represents a 4% increase over the distribution for the comparable period last year. The Company also announced that management will host a conference call at 9:00am ET on Thursday, August�2, 2007 to give a mid-year performance review. All interested parties are welcome to attend the live webcast, which can be accessed through the �Investor Relations� section of our website (www.munimae.com). You can also join the conference call by dialing (800) 291-9234 (passcode: 60274815). An archived replay of the event will be available through September 2, 2007, at (888) 286-8010 (passcode: 50746370). The conference call will also be archived on our website through September 2, 2007. About MuniMae MuniMae and its subsidiaries arrange debt and equity financing for developers and owners of real estate and clean energy projects. The Company also provides investment management and advisory services for institutional investors. Assets under management exceed $19 billion including investments in over 3,000 multifamily properties, containing more than 323,000 units in 49 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. MuniMae is organized as a limited liability company, which allows it to combine the limited liability, governance and management characteristics of a corporation with the pass-through features of a partnership. As a result, the tax-exempt income derived from certain investments remains tax-exempt when passed through to shareholders. MuniMae also conducts activities through wholly owned taxable corporate subsidiaries. Distributions to shareholders are normally declared quarterly. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be attained. The Company undertakes no obligation to revise or update publicly any forward-looking statements contained herein for any reason. Factors that could cause actual results to differ materially from the Company's expectations include completion of the audit of our financial statements, completion of pending investments, continued ability to originate new investments, the mix of business between tax-exempt and taxable activities, the availability and cost of capital for future investments, competition within the finance and real estate industries, economic conditions, loss experience and other risks detailed from time to time in the Company's SEC reports. This press release does not constitute an offer to sell any securities of the Company or any other entity. MUNIMAE: INTEGRITY. INNOVATION. SERVICE. www.MuniMae.com