Mid-America Apartment to redeem half of its 8.3% series H preferreds

By Devika Patel

Knoxville, Tenn., May 3 - Mid-America Apartment Communities, Inc. announced that it will redeem 50% of its 6.2 million in 8.3% series H cumulative redeemable preferred stock at $25.00 per preferred plus dividends to June 2, the redemption date.

Investors may surrender share certificates to American Stock Transfer & Trust Co. LLC, 6201 15th Ave., Brooklyn, N.Y. 11219, Attention: Reorganization Department.

The redemption price will be paid in cash from the proceeds of common stock sales through at-the-market offerings.

The Memphis real estate investment trust is focused on apartment communities.

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