APARTMENT INVESTMENT AND MANAGEMENT CO. overview

Philadelphia, PA, Dec. 03, 2020 (GLOBE NEWSWIRE) -- When Covid-19 restrictions paused large group gatherings in Philadelphia, it didn't stop the award-winning art program at Park Towne Place Museum District Residences. In partnership with arts nonprofit InLiquid, Park Towne Place has reinvented its art programming with virtual experiences, ensuring safety during the pandemic and bringing its expansive collection to an even larger audience. The community is showcasing its latest rotational...

Apartment Investment and Management Company (NYSE: AIV) (“Aimco”) confirmed that it received a conditional non-binding indication of interest to purchase Aimco. Aimco announced that its board of directors unanimously determined the proposal is grossly inadequate and not in the best interest of Aimco and its stockholders, and that Aimco will proceed with the previously announced separation of Aimco and Apartment Income REIT Corp. (“AIR”). Aimco further stated that it does not intend to...

Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) today announced the results of the stockholders’ elections relating to the special dividend of $8.20 per outstanding share of common stock as of the close of business on November 4, 2020 (the “Record Date”). The aggregate amount payable in the special dividend consists of approximately $121.8 million in cash (the “Cash Amount”) and 35,386,723 shares of common stock (without giving effect to cash paid in lieu of...

Apartment Investment and Management Company (NYSE: AIV) (“Aimco”) and AIMCO Properties, L.P. (“AIR OP”) announced today that Aimco’s Board of Directors set the close of business on December 5, 2020 as the record date for the previously announced separation transaction to be effected through a pro rata distribution (the “REIT Distribution”), where stockholders of Aimco will receive one share of Class A common stock of Apartment Income REIT Corp. (“AIR”) for every one share of...

Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) today announced that a committee of its Board of Directors has established 1-for-1.23821 as the ratio for the previously-announced reverse stock split of its outstanding shares of common stock. The reverse stock split will become effective on November 30, 2020, immediately after the issuance of shares in the special dividend described below, and Aimco's common stock will begin trading on a split-adjusted basis on the New York...

Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today third quarter results for 2020. Chairman and Chief Executive Officer Terry Considine comments: “The third quarter 2020 was filled with challenges and successes. The challenge of the pandemic to property operations was compounded by after-effects including economic volatility and a new era of work from home, government regulation of rent setting and rent collection, rioting and a general unsettling of public...