−Removed: UNREGISTERED SALES OF EQUITY S ECURITIES AND USE OF PROCEEDS
+Added: UNREGISTERED SALES OF EQUITY S ECURITIES, USE OF PROCEEDS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Unregistered Sales of Equity Securities
2 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 June 30, 2023, no shares of Common Stock were issued in exchange for OP Units in such transactions.
+Added: During the three months ended September 30, 2023, no shares of Common Stock were issued in exchange for OP Units in such transactions.
Repurchases of Equity Securities
−Removed: The following table summarizes Aimco's share repurchase for the three months ended June 30, 2023.
+Added: The following table summarizes Aimco's share repurchase for the three months ended September 30, 2023.
Fiscal Period
3 unchanged sentences
Maximum Number of Shares That May Yet Be Purchased Under Plans or Programs (1)
−Removed: April 1 - 30, 2023
−Removed: May 1 - 31, 2023
−Removed: June 1 - 30, 2023
+Added: July 1 - 31, 2023
+Added: August 1 - 31, 2023
+Added: September 1 - 30, 2023
(1) Our Board of Directors has, from time to time, authorized us to repurchase shares of our outstanding Common Stock.
1 unchanged sentence
These repurchases may be made from time to time in the open market or in privately negotiated transactions.
+Added: Subsequent to quarter end, the Board of Directors increased the number of shares authorized for repurchase to 30 million, doubling the size of the previous authorization.
Aimco Operating Partnership
1 unchanged sentence
In addition, Aimco Operating Partnership’s Partnership Agreement restricts the transferability of OP Units.
−Removed: 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.
+Added: On November 3, 2023, there were 157,757,324 OP Units and equivalents outstanding (of which 145,759,672 were held by us), that were held by 2,029 unitholders of record.
Unregistered Sales of Equity Securities
−Removed: Aimco Operating Partnership did not issue any unregistered OP Units during the three months ended June 30, 2023.
+Added: Aimco Operating Partnership did not issue any unregistered OP Units during the three months ended September 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 June 30, 2023, no common OP Units were redeemed in exchange for shares of Common Stock.
−Removed: 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: During the three months ended September 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 September 30, 2023.
Fiscal Period
3 unchanged sentences
Maximum Number of Units That May Yet Be Purchased Under Plans or Programs (1)
−Removed: April 1 - 30, 2023
−Removed: May 1 - 31, 2023
−Removed: June 1 - 30, 2023
+Added: July 1 - 31, 2023
+Added: August 1 - 31, 2023
+Added: September 1 - 30, 2023
(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.
3 unchanged sentences
which, as defined by the Code and United States Department of Treasury regulations, is generally equivalent to net taxable ordinary income.
−Removed: Aimco’s Board determines and declares Aimco's dividends.
−Removed: In making a dividend determination, Aimco’s Board considers a variety of factors, including REIT distribution requirements;
+Added: Aimco’s Board of Directors determines and declares Aimco's dividends.
+Added: In making a dividend determination, Aimco’s Board of Directors considers a variety of factors, including REIT distribution requirements;
current market conditions;
3 unchanged sentences
Charter –
−Removed: Articles of Restatement (Exhibit 3.1 to Aimco’s Annual Report on Form 10-K dated February 24, 2020, is incorporated herein by this reference)
+Added: Articles of Amendment and Restatement (Exhibit 3.1 to Aimco’s Current Report on Form 8-K, dated October 2, 2023, is incorporated herein by this reference)
Amended and Restated Bylaws (Exhibit 3.1 to Aimco's Current Report on Form 8-K, dated April 28, 2023, is incorporated herein by this reference).
12 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 June 30, 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 September 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
−Removed: August 7, 2023
+Added: November 6, 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.