Aimco Declares Dividends on Class U and Z Cumulative Preferred Stock
DENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company (Aimco) (NYSE: AIV, AIVPrT, AIVPrU, AIVPrV, AIVPrY, AIVPrZ) announced today that its Board of Directors declared dividends on shares of its Class U and Z Cumulative Preferred Stock. Dividend information is as follows:
Class of Preferred
Per Share Dividend
|7.750% Class U Preferred||April 15, 2012||July 14, 2012||$0.484375|
|7.000% Class Z Preferred||April 15, 2012||July 14, 2012||$0.4375|
Dividends are payable on July 15, 2012, to shareholders of record on July 1, 2012.
As announced on May 16, 2012, Aimco will redeem all outstanding shares of its Class T, V and Y Cumulative Preferred Stock on June 15, 2012, at $25.00 per share plus an amount equal to accumulated and unpaid dividends thereon to the redemption date.
Aimco is a real estate investment trust that is focused on the ownership and management of quality apartment communities located in the largest markets in the United States. Aimco is one of the countrys largest owners and operators of apartments, with 361 communities serving approximately 250,000 residents in 30 states, the District of Columbia and Puerto Rico. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV and are included in the S&P 500. For more information about Aimco, please visit our website at www.aimco.com.
Investor Relations, 303-691-4350
Elizabeth Coalson, 303-691-4327
Vice President Investor Relations
Source: Apartment Investment and Management CompanyCopyright Business Wire 2012