MuniMae subsidiary buys back $2.54 million junior subordinated notes

By Angela McDaniels

Tacoma, Wash., Feb. 18 - Municipal Mortgage & Equity LLC said its subsidiary MMA Financial Holdings Inc. repurchased $2.54 million principal amount of junior subordinated securities for the purchase price of $240,000.

The repurchase was made under an agreement reached on Feb. 12, according to an 8-K filing with the Securities and Exchange Commission.

This repurchase follows two prior repurchases by the company of $5,719,500 in junior subordinated securities for a total purchase price of approximately $686,340.

Baltimore-based MuniMae and its subsidiaries arrange debt and equity financing for developers and owners of real estate and clean energy projects.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.