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Strategies & Market Trends : Dividend investing for retirement

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From: Steve Felix	12/30/2007 1:17:14 PM
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Josh Peters has MMA as a one fisted table pounding buy. 14.4% yield. Do your own dd. MuniMae Provides Comment Regarding Stock Performance Thursday December 13, 9:00 am ET BALTIMORE--(BUSINESS WIRE)--Municipal Mortgage & Equity, LLC ( MuniMae, NYSE:MMA) has been asked by its shareholders to comment on the recent market activity of the Company's stock. Management of the Company is not aware of any pending transaction or event that might give rise to the recent volatility in the Company’s stock price. In addition, management wants to reiterate that the Company is not engaged in sub-prime or any other single family mortgage lending activities. 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 approximately 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."

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