MuniMae is a diverse real estate and clean energy finance and investment management company. MuniMae, through its principal subsidiaries MMA Financial, MMA Realty Capital and MMA Renewable Ventures, delivers innovative debt and equity financing solutions to developers and owners of real estate and clean energy investments and provides high-quality investment advisory services to its investor clients.

MuniMae common shares are currently traded over-the-counter (OTC) on what is known as the Pink Sheets under the ticker symbol: MMAB. For additional information about the Pink Sheets please visit: www.pinksheets.com. Our shareholders have enjoyed the benefits of steadily increasing quarterly distributions with significant tax benefits since the Company's listing as a public company in 1996. From that time MuniMae, has grown;

• From 13 people to almost 500
• From $300 million in assets under management to more than $20 billion

The heart of the Company’s business is matching the needs of each individual client and transaction with the most efficient and effective sources of capital. It is a complex and ever-changing puzzle, and the combination of these companies creates the real estate finance and investment powerhouse that is MuniMae.

Our core values are Integrity, Innovation and Service. These values are the foundation on which we have built this company. These values combined with our scale, scope and experience produces great results for our clients, investors, shareholders, employees and the communities where we live, invest and work.

We remain committed to and focused on our core business of multifamily housing, but we continue to look for opportunities to further diversify our sources of revenues in a way that adds value for our developer customers and our investor clients, which leads to improved performance for our shareholders. Municipal Mortgage & Equity, LLC, or "MuniMae" is the parent company of MMA Financial, MMA Realty Capital and MMA Renewable Ventures. MuniMae is based in Baltimore, Maryland.