MuniMae Schedules Conference Call

MuniMae (NYSE:MMA) announced today that the Company will
host a conference call at 9:00 am EDT on Wednesday, April 12, 2006 to
discuss its 2005 performance as well as its outlook for 2006. The
Company plans to release its results after the market closes on
Tuesday, April 11, 2006. The conference call will be webcast. All
interested parties are welcome to attend the live webcast, which can
be accessed through the "Shareholders" section of our website
(www.munimae.com). The dial in number for the conference call is (877)
464-5945 (no passcode is required). An archived replay of the event
will be available through Wednesday, April 26, 2006, at [phone]
(passcode: 7708733). The conference call will also be archived on our
website through Wednesday, April 19, 2006.

   About MuniMae

   MuniMae and its subsidiaries arrange debt and equity financing for
developers of multifamily housing, and provide other real estate
related investment management and advisory services. Assets under
management are more than $16 billion secured by approximately 3,000
properties, containing 330,000 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 income features
of a partnership. As a result, the tax-exempt income derived from
certain investments remains tax-exempt when passed through to
shareholders. Distributions to shareholders are normally declared
quarterly.

   MUNIMAE: INTEGRITY. INNOVATION. SERVICE.

   www.MuniMae.com