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Mid-America Apartment includes proxy access provision in bylaws

Mid-America Apartment Communities Inc. said its board approved and adopted an amendment to the company's bylaws to include a provision on proxy access, among other changes.

The proxy access provision allows a shareholder, or group of up to 20 shareholders, that have owned 3% or more of the company's stock for at least three years to nominate board members at the residential real estate investment trust's annual shareholder meeting.