Preferred Apartment Communities, Inc. Increases Quarterly Common Stock
Dividend and Announces Monthly Preferred Stock Dividend
ATLANTA, Nov. 1, 2012
ATLANTA, Nov.1, 2012 /PRNewswire/ -- Preferred Apartment Communities, Inc.
(NYSE MKT: APTS), or the Company, today announced that its Board of Directors
has declared a quarterly dividend on its common stock of $0.145 per share for
the fourth quarter 2012, an increase of $.005 per share or approximately 3.6%
from the prior quarterly dividend rate of $0.14 per share paid to common
stockholders for the third quarter of 2012. The dividend is payable on
January 15, 2013 to all common stockholders of record as of December 31,
The Company also announced today that its Board of Directors declared the
following monthly dividends for November 2012 on its Series A Redeemable
Preferred Stock, payable December 20, 2012 to applicable preferred
stockholders of record as of November 30, 2012:
CUSIP # Dividend Per Share
74039L 202 $5.00^(1)
74039L 301 $5.00^(1)
74039L 400 $5.00^(1)
74039L 707 $5.00^(1)
74039L 806 $5.00^(1)
74039L 889 $5.00^(1)
74039L 871 $5.00^(1)
74039L 863 $5.00^(1)
74039L 855 $5.00^(1)
74039L 848 $5.00^(1)
74039L 822 $7.50^(2)
74039L 830 $5.17^(3)
^(1) This dividend represents $5.00 per share for the full monthly period in
^(2) This dividend represents $5.00 per share for the full monthly period in
November 2012 and $2.50 per share for the period beginning on the original
issue date of the shares on October 17, 2012 and ending on October 31, 2012.
^(3) This dividend represents $5.00 per share for the full monthly period in
November 2012 and $0.17 per share for the day of initial issuance of the
shares on October 31, 2012.
About Preferred Apartment Communities, Inc.
Preferred Apartment Communities, Inc. is a Maryland corporation formed
primarily to acquire and operate multifamily properties in select targeted
markets throughout the United States. As part of our business strategy, we
may enter into forward purchase contracts or purchase options for to-be-built
multifamily communities and we may make mezzanine loans, provide deposit
arrangements, or provide performance assurances, as may be necessary or
appropriate, in connection with the construction of multifamily communities
and other properties. As a secondary strategy, we also may acquire or
originate senior mortgage loans, subordinate loans or mezzanine debt secured
by interests in multifamily properties, membership or partnership interests in
multifamily properties and other multifamily related assets and invest not
more than 10% of our total assets in other real estate related investments, as
determined by our manager as appropriate for us. Preferred Apartment
Communities, Inc. has elected to be taxed as a real estate investment trust
under the Internal Revenue Code of 1986, as amended, commencing with its tax
year ended December 31, 2011.
SOURCE Preferred Apartment Communities, Inc.
Contact: Leonard A. Silverstein, +1-770-818-4147, President and Chief
Operating Officer, Preferred Apartment Communities, Inc.,
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