Preferred Capital Securities

Series A1 Redeemable Preferred Stock Offering Overview

Preferred Income Strategy


Offering Summary

The Offering

Series A1 Redeemable Preferred Stock offered by Preferred Apartment Communities Inc.

The offering Price

$1,000 Per Share with a minimum investment of $5,000 (then $1,000) increments

Offering Size

$1 Billion

Dealer-Manager

Preferred Capital Securities, LLC


Series A1 Redeemable Preferred Stock

Dividend Rate

6% annualized dividend, intended to be paid monthly. There are no assurances the dividend objective will be met

Stated Value

$1,000 per share

LIQUIDITY

Investor has the right to redeem the Preferred Stock at stated value, subject to a three-year declining redemption fee.

Three Year Declining Redemption Fee

Redemption Price:

During year one, 100% of the stated value less 13% redemption fee, plus any accrued but unpaid dividends.

During year two, 100% of the stated value less 10% redemption fee, plus any accrued but unpaid dividends.

During year three, 100% of the stated value less 5% redemption fee, plus any accrued but unpaid dividends.

Redemption fee terminates after a three-year hold.

Death Redemption

During years one through three, 100% of the stated value plus any accrued but unpaid dividends.


Preferred Income Strategy


Offering Summary

The Offering

Series A1 Redeemable Preferred Stock offered by Preferred Apartment Communities Inc.

The offering Price

$1,000 Per Share with a minimum investment of $5,000 (then $1,000) increments

Offering Size

$1 Billion

Dealer-Manager

Preferred Capital Securities, LLC


Series A1 Redeemable Preferred Stock

Dividend Rate

6% annualized dividend, intended to be paid monthly. There are no assurances the dividend objective will be met

Stated Value

$1,000 per share

LIQUIDITY

Investor has the right to redeem the Preferred Stock at stated value, subject to a three-year declining redemption fee.

Three Year Declining Redemption Fee

Redemption Price:

During year one, 100% of the stated value less 13% redemption fee, plus any accrued but unpaid dividends.

During year two, 100% of the stated value less 10% redemption fee, plus any accrued but unpaid dividends.

During year three, 100% of the stated value less 5% redemption fee, plus any accrued but unpaid dividends.

Redemption fee terminates after a three-year hold.

Death Redemption

During years one through three, 100% of the stated value plus any accrued but unpaid dividends.


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