BALTIMORE, Nov. 9, 2016 /PRNewswire/ -- MMA Capital Management, LLC (NASDAQ: MMAC) (" MMA Capital" or " the Company") today reported financial results for the quarter ended September 30, 2016, including common shareholders' equity of $132.1 million, or $21.34 per diluted common share. The Company filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2016 (the " Third Quarter 2016 Report") with the Securities and Exchange Commission (" SEC") earlier today and will hold an investor call on Thursday, November 10, 2016 at 8:30 a.m. ET. For the three and nine months ended September 30, 2016, common shareholders' equity increased by $9.9 million and $15.9 million, respectively, to $132.1 million. Diluted common shareholders' equity per share increased 8.8% during the third quarter of 2016, from $19.62 at June 30, 2016 to $21.34 at September 30, 2016. Most of this growth was attributable to comprehensive income from core operations and bond valuations while purchases of common shares contributed $0.03 per share to the increase in book value in the third quarter. For the nine months ended September 30, 2016, the Company purchased approximately 472,000 shares pursuant to our 2016 buyback program for approximately $7.7 million. Michael Falcone, MMA Capital's Chief Executive Officer stated, "We continue to show solid performance from most of our business lines. Our new solar venture with TSSP highlights what we hope to be an opportunity to further grow our origination platform across multiple product types within the solar lending space and add to our bottom line performance. In addition, we have also realized strong returns on investment from the GE affordable housing portfolio that we acquired last year, further driving our bottom line performance in the quarter. For the balance of the year, we see continued opportunities to grow our solar lending business and expect positive market conditions that may allow us to realize additional value in our affordable housing portfolio. As reflected in our increase to book value per common share, we continued to execute on our stock buyback plan during the quarter, buying back approximately 65,000 shares at a discount to book value per share and resulting in immediate accretion for our shareholders. Lastly, the Board has authorized us to amend our repurchase plan during the next open trading window to reflect an increase in the maximum price at which we may buy back stock to our newly reported GAAP diluted common equity per share of $21.34." Conference Call Information The Company will host a conference call on Thursday, November 10, 2016 at 8:30 a.m. ET to provide a business update and review financial results for the three months ended September 30, 2016. The conference call with investors will be webcast. All interested parties are welcome to join the live webcast, which can be accessed through the Company's web site at www.mmacapitalmanagement.com, under Investor Relations. Participants may also join the conference call by dialing toll free 1-888-346-6987 or 1-412-902-4268 for international participants and 1-866-605-3851 for Canadian participants. For purposes of the conference call, the Company will reference select tables from Item 2 of the Third Quarter 2016 Report (Management's Discussion & Analysis).