MMA Capital Management, LLC announced the election of James C. ("Chris") Hunt to its Board of Directors and the completion of a share purchase by affiliates of Hunt Companies Inc. (collectively, "Hunt"). In addition, with the completion of the second share purchase by Hunt, the Company approved the election of Mr. Hunt to the Board effective immediately. Mr. Hunt was previously nominated as an observer to the Board on January 8, 2018 in connection with the execution of the MTA. The board of directors increased the size of the board by one seat, creating a new Class II vacancy. Effective as of June 26, 2018, the board has nominated and approved James C. Hunt as a member of the board. As a Class II director, he will stand for election by the company’s shareholders at the company’s 2020 annual meeting. He will not be considered an independent director and will not receive compensation for his service as a director. He was previously nominated as an observer to the board on January 8, 2018 in connection with the execution of the MTA.