MuniMae Announces 42nd Consecutive Increase in Quarterly Distribution

  
    
  
  
    
      Municipal Mortgage & Equity, LLC (“MuniMae,” 
      NYSE:MMA) announced today that its Board of Directors declared a 
      distribution of $0.5225 per common share payable on August 22, 2007 to 
      shareholders of record as of August 8, 2007. This represents a 4% 
      increase over the distribution for the comparable period last year.
    
    
      The Company also announced that management will host a conference call 
      at 9:00am ET on Thursday, August 2, 2007 to give a mid-year performance 
      review.
    
    
      All interested parties are welcome to attend the live webcast, which can 
      be accessed through the “Investor Relations” 
      section of our website (www.munimae.com). 
      You can also join the conference call by dialing [phone] 
      (passcode: 60274815).
    
    
      An archived replay of the event will be available through September 2, 
      2007, at [phone] (passcode: 50746370). The conference call will 
      also be archived on our website through September 2, 2007.
    
    
      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 over 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.
    
    
      Statements in this press release that are not historical fact may be 
      deemed forward-looking statements within the meaning of Section 27A of 
      the Securities Act of 1933, as amended, and Section 21E of the 
      Securities Exchange Act of 1934, as amended. Although the Company 
      believes the expectations reflected in any forward-looking statements 
      are based on reasonable assumptions, the Company can give no assurance 
      that its expectations will be attained. The Company undertakes no 
      obligation to revise or update publicly any forward-looking statements 
      contained herein for any reason. Factors that could cause actual results 
      to differ materially from the Company's expectations include completion 
      of the audit of our financial statements, completion of pending 
      investments, continued ability to originate new investments, the mix of 
      business between tax-exempt and taxable activities, the availability and 
      cost of capital for future investments, competition within the finance 
      and real estate industries, economic conditions, loss experience and 
      other risks detailed from time to time in the Company's SEC reports. 
      This press release does not constitute an offer to sell any securities 
      of the Company or any other entity.
    
    
      MUNIMAE: INTEGRITY. INNOVATION. SERVICE.
    
    
      www.MuniMae.com