MMAC Stock, MMA Capital Holdings Inc. Information

Municipal Mortgage amp Equity, LLC MuniMae is a real estate asset management company that invests in and manages debt and equity investments collateralized primarily by multifamily housing. In the U.S the company focuses on three types of real estate investment. Primarily, we own and manage tax exempt bonds, a substantial majority of which are backed by affordable multifamily rental properties. In addition, we own direct investments in real estate that include multifamily housing, undeveloped land and other development opportunities. Finally, we manage tax credit equity funds for third party investors which invest in similar affordable multifamily rental properties. Outside of the US, MuniMae s strategy is to raise, invest in and manage private real estate funds which invest in affordable for sale and rental housing in South Africa. Substantially all of the Company s International Operations take place through International Housing Solutions IHS . MuniMae owns a substantial majority, approximately , of IHS. To learn about IHS go to www.ihsinvestments.com.