Preferred Stock Calendar

ON THE HORIZON

PREFERRED APARTMENT COMMUNITIES INC.: 2,000 to 150,000 preferred stock units containing one share of 6% series A redeemable preferred stock and warrants for 20 common shares; $1,000 per unit; monthly dividend; redeemable by holder after two years and by company after 10 years; International Assets Advisory LLC (book manager); proceeds will be used for acquisition of multifamily properties; Atlanta-based apartment managing company.

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