MuniMae has announced that its subsidiary MuniMae TE Bond Subsidiary LLC has completed a $100 million preferred equity offering in a private placement.The trust sold $18 million of series A-3 cumulative perpetual preferred shares; $16 million of series A-4 cumulative perpetual preferred shares; $22 million of series B-3 subordinate cumulative perpetual preferred shares; $10 million of series C-3 subordinate cumulative perpetual preferred shares; and $34 million of series D subordinate cumulative perpetual preferred shares. MuniMae can be found online at http://www.munimae.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry