ATLANTA, Feb. 4, 2016 /PRNewswire/ --
First Quarter 2016 Common Stock Dividend
Preferred Apartment Communities, Inc. (NYSE: APTS) (the "Company") today announced that, on February 4, 2016, its Board of Directors declared a quarterly dividend on its common stock of $0.1925 per share of common stock payable April 15, 2016, to common stockholders of record on March 15, 2016.
Earnings Release and Conference Call
The Company today also announced plans to release its fourth quarter 2015 earnings after the market closes on Monday, March 7, 2016.
Following are the details of a conference call Preferred Apartment Communities will host on Tuesday, March 8, 2016 at 11:00 a.m. Eastern Time to discuss its fourth quarter 2015 results. To participate in the conference call, please dial in to the following:
Live Conference Call Details
Domestic Dial-in Number: (800) 860-2442 International Dial-in Number: (412) 858-4600 Company: Preferred Apartment Communities, Inc. Date: Tuesday, March 8, 2016 Time: 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time)
The live broadcast of Preferred Apartment Communities' fourth quarter conference call will be available online, on a listen-only basis, at the company's website, www.pacapts.com, under "Investors" and then click on the "Webcasts & Audio" link. A replay of the call will be archived on Preferred Apartment Communities' website under Investors/Audio Archive.
About Preferred Apartment Communities, Inc.
Preferred Apartment Communities, Inc. is a Maryland corporation formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. As part of our business strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make mezzanine loans, provide deposit arrangements, or provide performance assurances, as may be necessary or appropriate, in connection with the development of multifamily communities and other properties. As a secondary strategy, we may acquire or originate senior mortgage loans, subordinate loans or mezzanine debt secured by interests in multifamily properties, membership or partnership interests in multifamily properties and other multifamily related assets and invest not more than 20% of our assets in other real estate related investments such as grocery-anchored necessity retail properties, senior mortgage loans, subordinate loans or mezzanine debt secured by interests in grocery-anchored necessity retail properties, membership or partnership interests in grocery-anchored necessity retail properties and other grocery-anchored necessity retail related assets as determined by our manager as appropriate for us. Preferred Apartment Communities, Inc. has elected to be taxed as a real estate investment trust under the Internal Revenue Code of 1986, as amended, commencing with its tax year ended December 31, 2011.
SOURCE Preferred Apartment Communities, Inc.