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Mid-America Apartment Communities Inc. Message Board

  • zebraspit zebraspit Jul 10, 2003 12:03 PM Flag

    New preferred saves a few cents a year

    The recent preferred transactions will mean a little over a penny per share per quarter in savings.

    That takes us a long way towards making up the dividend coverage shortfall(which is a about 15 cents a year.).

    My prediction is the common spikes over $30 soon, as money rotates out of the redeemed shares into the common.

 
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