MuniMae Stock to Trade Over-the-Counter on the Pink Sheets

  
    
  
  
    
      Municipal Mortgage & Equity, LLC (“MuniMae” 
      or “the Company,” 
      NYSE: MMA) today announced that its common shares will be available for 
      trading over-the-counter (OTC) on the Pink Sheets at 9:30 a.m. on 
      February 6, 2008. Until that time, the shares will continue to be traded 
      on the New York Stock Exchange (“NYSE”) 
      under its current ticker symbol, MMA. The Company will provide its OTC 
      ticker symbol prior to the market open on February 6th.
    
    
      The Company stated: “It is important for our 
      shareholders to understand that although we will be changing markets, 
      nothing has changed with the shares themselves. Shareholders are still 
      the registered owners of the securities and can trade them. Instead of 
      trading them on the NYSE, they will be available for trading 
      over-the-counter on the Pink Sheets, which is a well-known, centralized 
      quotation service that collects and publishes quotes for OTC securities.”
    
    
      Yesterday, the NYSE announced that it would suspend trading in MuniMae’s 
      shares before the market open on February 6, 2008, due to the Company’s 
      announcement that it would not meet the NYSE’s 
      March 3, 2008 deadline to file audited financial statements for the 2006 
      fiscal year. The Company will be able to apply for relisting on the NYSE 
      when all of its SEC filings are current.
    
    
      Additional information regarding trading on the OTC market can be found 
      in an FAQ which will be available at the Investor Relations section of 
      the Company’s website at www.munimae.com. 
      For additional information on the Pink Sheets, please see www.pinksheets.com.
    
    
      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 or on MuniMae's website 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 include such matters as relisting 
      on the NYSE. 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