MMA Muni Mtg & Equ Llc

Municipal Mortgage & Equity, LLC (๏ฟฝMuniMae๏ฟฝ or ๏ฟฝthe Company,๏ฟฝ 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 (๏ฟฝNYSE๏ฟฝ) 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: ๏ฟฝIt 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.๏ฟฝ Yesterday, the NYSE announced that it would suspend trading in MuniMae๏ฟฝs shares before the market open on February 6, 2008, due to the Company๏ฟฝs announcement that it would not meet the NYSE๏ฟฝs 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๏ฟฝs 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. ๏ฟฝ ๏ฟฝ MUNIMAE: INTEGRITY. INNOVATION. SERVICE. ๏ฟฝ www.MuniMae.com