MuniMae Provides Comment Regarding Stock Performance

  
    
  
  
    
      Municipal Mortgage & Equity, LLC (“MuniMae,” 
      NYSE:MMA) has been asked by its shareholders to comment on the recent 
      market activity of the Company's stock. Management of the Company is not 
      aware of any pending transaction or event that might give rise to the 
      recent volatility in the Company’s stock 
      price. In addition, management wants to reiterate that the Company is 
      not engaged in sub-prime or any other single family mortgage lending 
      activities.
    
    
      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 approximately 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. Examples of forward looking 
      statements in this release include references to pending or proposed 
      transactions or events of the Company. 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