4 unchanged sentences
We may also issue shares of our Common Stock in exchange for limited partnership interests in consolidated real estate partnerships.
−Removed: During the three months ended March 31, 2023, no shares of Common Stock were issued in exchange for OP Units in such transactions.
+Added: During the three months ended June 30, 2023, no shares of Common Stock were issued in exchange for OP Units in such transactions.
Repurchases of Equity Securities
−Removed: Our Board has, from time to time, authorized us to repurchase shares of our outstanding Common Stock.
−Removed: As of March 31, 2023, we were authorized to repurchase up to 10.3 million shares of our outstanding Common Stock, subject to certain customary limitations, which may be made from time to time in the open market or in privately negotiated transactions.
+Added: The following table summarizes Aimco's share repurchase for the three months ended June 30, 2023.
+Added: Fiscal Period
+Added: Total Number of Shares Repurchased
+Added: Weighted Average Price Paid per Share
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
+Added: Maximum Number of Shares That May Yet Be Purchased Under Plans or Programs (1)
+Added: April 1 - 30, 2023
+Added: May 1 - 31, 2023
+Added: June 1 - 30, 2023
+Added: (1) Our Board of Directors has, from time to time, authorized us to repurchase shares of our outstanding Common Stock.
This authorization has no expiration date.
−Removed: During the three months ended March 31, 2023, we repurchased 2,018,689 shares at a weighted-average price of $7.27 per share.
+Added: These repurchases may be made from time to time in the open market or in privately negotiated transactions
Aimco Operating Partnership
1 unchanged sentence
In addition, Aimco Operating Partnership’s Partnership Agreement restricts the transferability of OP Units.
−Removed: On May 3, 2023, there were 160,671,571 OP Units and equivalents outstanding (of which 148,616,217 were held by us), that were held by 2,099 unitholders of record.
+Added: On August 4, 2023, there were 159,924,802 OP Units and equivalents outstanding (of which 147,916,884 were held by us), that were held by 2,081 unitholders of record.
Unregistered Sales of Equity Securities
−Removed: Aimco Operating Partnership did not issue any unregistered OP Units during the three months ended March 31, 2023.
+Added: Aimco Operating Partnership did not issue any unregistered OP Units during the three months ended June 30, 2023.
Repurchases of Equity Securities
Aimco Operating Partnership’s Partnership Agreement generally provides that after holding OP Units for one year, limited partners other than Aimco have the right to redeem their OP Units for cash or, at our election, shares of our Common Stock on a one-for-one basis (subject to customary antidilution adjustments).
−Removed: During the three months ended March 31, 2023, no OP Units were redeemed in exchange for shares of Common Stock, and approximately 34,000 OP Units were redeemed in exchange for cash at an average price per unit of $7.42.
+Added: During the three months ended June 30, 2023, no common OP Units were redeemed in exchange for shares of Common Stock.
+Added: The following table summarizes repurchases, or redemptions in exchange for cash, of the Aimco Operating Partnership’s equity securities for the three months ended June 30, 2023.
+Added: Fiscal Period
+Added: Total Number of Units Repurchased
+Added: Weighted Average Price Paid per Unit
+Added: Total Number of Units Purchased as Part of Publicly Announced Plans or Programs
+Added: Maximum Number of Units That May Yet Be Purchased Under Plans or Programs (1)
+Added: April 1 - 30, 2023
+Added: May 1 - 31, 2023
+Added: June 1 - 30, 2023
+Added: (1) The terms of the Aimco Operating Partnership’s Partnership Agreement do not provide for a maximum number of units that may be repurchased, and other than the express terms of its Partnership Agreement, the Aimco Operating Partnership has no publicly announced plans or programs of repurchase.
+Added: However, for Aimco to repurchase shares of its Common Stock, the Aimco Operating Partnership must make a concurrent repurchase of its common partnership units held by Aimco at a price per unit that is equal to the price per share Aimco pays for its Common Stock.
Dividend and Distribution Payments
23 unchanged sentences
Aimco Operating Partnership
−Removed: The following materials from Aimco’s and Aimco Operating Partnership’s combined Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023, formatted in iXBRL (Inline Extensible Business Reporting Language):
+Added: The following materials from Aimco’s and Aimco Operating Partnership’s combined Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, formatted in iXBRL (Inline Extensible Business Reporting Language):
(i) condensed consolidated balance sheets;
15 unchanged sentences
Senior Vice President and Chief Accounting Officer
+Added: August 7, 2023
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.