Preferred Apartment Communities, Inc. Announces Redemption of Approximately $221 Million of its 6.00% Series A Redeemable Preferred Stock

Jul 30, 2021

Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that it intends to redeem 221,645 shares (the “Called Shares”) of its 6.00% Series A Redeemable Preferred Stock (the “Series A Preferred Stock”) on August 3, 2021 (the “Redemption Date”). The Called Shares represent 100% of the Series A Preferred Stock currently available to call at the Company’s option and 13.5% of the current total outstanding shares.

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