Form 8-K MID AMERICA APARTMENT For: Jan 18

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

 

Date of Report (Date of earliest event reported) January 18, 2019 (January 18, 2019)

 

MID-AMERICA APARTMENT COMMUNITIES, INC.

(Exact name of registrant as specified in its charter)

 

TENNESSEE	1-12762	62-1543819
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

 

6815 Poplar Avenue, Suite 500
Germantown, Tennessee	38138
(Address of principal executive offices)	(Zip Code)

 

Registrant's telephone number, including area code (901) 682-6600

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

  

ITEM 7.01

Regulation FD Disclosure

 

On January 18, 2019, the registrant issued a press release announcing the taxable composition of its 2018 distributions paid to shareholders. A copy of the press release is furnished as Exhibit 99.1 to this Current Report.

 

Exhibit 99.1, furnished by the Registrant pursuant to Item 9.01 of Form 8-K, is not to be considered "filed" under the Exchange Act, and shall not be incorporated by reference into any previous or future filing by the Registrant under the Securities Act or the Exchange Act.

 

ITEM 9.01

Financial Statements and Exhibits

 

(c)

Exhibits

 

Exhibit Number		Description
99.1		Press Release dated January 18, 2019: “MAA Announces Taxable Composition of 2018 Distributions”

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

	MID-AMERICA APARTMENT COMMUNITIES, INC.
Date: January 18, 2019	/s/Albert M. Campbell, III
	Albert M. Campbell
	Executive Vice President and Chief Financial Officer
	(Principal Financial Officer)

 

 

 

EXHIBIT 99.1

 

 

PRESS RELEASE 

 

MAA Announces Taxable Composition of 2018 Distributions

 

Germantown, TN, January 18, 2019. Mid-America Apartment Communities, Inc. or MAA (NYSE: MAA) today announced the taxable composition of the 2018 distributions paid to shareholders. The company does not expect any portion of the 2018 distributions paid to shareholders to represent a return of capital. The company did not incur any foreign taxes. The composition presented is applicable to all dividend distributions during 2018. The classifications for 2018 are as follows:

 

Common Stock (MAA) (CUSIP 59522J103)

 

Record Date	Pay Date	Cash Distributions Per Share	Ordinary Taxable Distribution	Long Term Capital Gain	Unrecaptured Sec. 1250 Gain	Section 199A
01/12/2018	01/31/2018	$0.9225	99.2612%	0.6111%	0.1277%	99.2612%
04/13/2018	04/30/2018	$0.9225	99.2612%	0.6111%	0.1277%	99.2612%
07/13/2018	07/31/2018	$0.9225	99.2612%	0.6111%	0.1277%	99.2612%
10/15/2018	10/31/2018	$0.9225	99.2612%	0.6111%	0.1277%	99.2612%

 

8.5% Series I Cumulative Redeemable Preferred Stock (MAA/PI) (CUSIP 59522J889)

 

Record Date	Pay Date	Cash Distributions Per Share	Ordinary Taxable Distribution	Long Term Capital Gain	Unrecaptured Sec. 1250 Gain	Section 199A
03/15/2018	04/02/2018	$1.0625	99.2612%	0.6111%	0.1277%	99.2612%
06/15/2018	07/02/2018	$1.0625	99.2612%	0.6111%	0.1277%	99.2612%
09/17/2018	10/01/2018	$1.0625	99.2612%	0.6111%	0.1277%	99.2612%
12/14/2018	12/31/2018	$1.0625	99.2612%	0.6111%	0.1277%	99.2612%

 

This release is based on the preliminary work the company has performed on its tax filings and is subject to correction or adjustment based on the completion of those filings. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of these MAA distributions. The company is releasing information at this time to aid those required to distribute Forms 1099 on the company’s dividends. No material change in the taxable composition is expected.

 

  

About MAA

MAA is a self-administered real estate investment trust (REIT) and member of the S&P 500. MAA owns or has ownership interest in apartment communities throughout the Southeast, Southwest and Mid-Atlantic regions of the U.S. focused on delivering strong, full-cycle investment performance. For further details, please refer to "For Investors" page at www.maac.com or contact Investor Relations at [email protected].

 

Certain matters in this press release may constitute forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Such statements include those made about the expectation that the company will have no material change in taxable composition of its 2018 distributions. The expectation is based on preliminary work the company has performed on its year-end filings and on information currently available. Unknown risks, uncertainties and other factors may cause actual results, performance or achievements of the company to differ materially from those on which these calculations were based. Reference is hereby made to the filings of Mid-America Apartment Communities, Inc. with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K, and its annual report on Form 10-K, particularly including the risk factors contained in the latter filing.

 

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