This paper deals with some important statistical properties of the multiple-input multiple-output (MIMO) channel capacity. We assume that all the subchannels are uncorrelated. In case of single-input multiple-output (SIMO) and multiple-input single-output (MISO) channels, exact closed-form expressions are derived for the probability density function (PDF), the cumulative distribution function (CDF), the level-crossing rate (LCR), and the average duration of fades (ADF) of the channel capacity. Furthermore, these exact closed-form expressions are extended to characterize the statistical properties of the maximum MIMO channel capacity. The correctness of the derived closed-form expressions is confirmed by simulations.