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
May 18, 2000
Date of Report (Date of earliest event reported)
MID-AMERICA APARTMENT COMMUNITIES, INC.
(Exact Name of Registrant as Specified in Charter)
TENNESSEE 1-12762 62-1543819
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(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification Number)
6584 POPLAR AVENUE, SUITE 340
MEMPHIS, TENNESSEE 38138
(Address of principal executive offices)
(901) 682-6600
Registrant's telephone number, including area code
(Former name or address, if changed since last report)
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Item 5. Other events.
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Following notification of the New York Stock Exchange, the following press
release was announced on May 18, 2000:
MID-AMERICA APARTMENT COMMUNITIES (NYSE:MAA) today announced that the Board of
Directors has authorized the Company to repurchase up to 1 million shares of
Cumulative Preferred Stock in open market transactions.
The Company previously announced that the Board has authorized the repurchase of
up to 4 million shares of Common Stock and, to date, has acquired over 1.576
million shares. "We believe that our Common Stock continues to represent our
best investment opportunity at the present time, but we may in the future
consider some Preferred Stock purchases as part of our on-going balance sheet
management" said Simon Wadsworth, Executive Vice President and CFO.
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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: May 22, 2000 /s/ Simon R.C. Wadsworth
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Simon R.C. Wadsworth
Executive Vice President
(Principal Financial and
Accounting Officer)
