4 unchanged sentences
Aimco may also issue shares of its Common Stock in exchange for limited partnership interests in consolidated real estate partnerships.
−Removed: During the three months ended June 30, 2024, no shares of Common Stock were issued in exchange for OP Units in such transactions.
+Added: During the three months ended September 30, 2024, no shares of Common Stock were issued in exchange for OP Units in such transactions.
Had any such shares been issued, the issuances would have been effected in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended.
−Removed: In addition to any issuances pursuant to transactions of the types discussed above, there were no unregistered sales of equity securities made by Aimco during the three months ended June 30, 2024.
+Added: In addition to any issuances pursuant to transactions of the types discussed above, there were no unregistered sales of equity securities made by Aimco during the three months ended September 30, 2024.
Repurchases of Equity Securities
−Removed: The following table summarizes Aimco's share repurchases, for the three months ended June 30, 2024, all of which were part of publicly announced programs:
+Added: The following table summarizes Aimco's share repurchases, for the three months ended September 30, 2024, all of which were part of publicly announced programs:
Fiscal Period
3 unchanged sentences
Maximum Number of Shares That May Yet Be Purchased Under Plans or Programs (1)
−Removed: April 1 - 30, 2024
−Removed: May 1 - 31, 2024
−Removed: June 1 - 30, 2024
−Removed: (1) On July 28, 2022, Aimco's Board of Directors (the "Board") authorized Aimco to repurchase up to 15 million shares of its outstanding Common Stock.
−Removed: On November 1, 2023, the Board authorized Aimco to repurchase up to an additional 15 million shares of its outstanding Common Stock, for a total of 30 million shares.
−Removed: These repurchases may be made from time to time in the open market or in privately negotiated transactions.
+Added: July 1 - 31, 2024
+Added: August 1 - 31, 2024
+Added: September 1 - 30, 2024
+Added: (1) On July 28, 2022, Aimco announced that its Board of Directors (the "Board") authorized Aimco to repurchase up to 15 million shares of its outstanding Common Stock.
+Added: On November 6, 2023, Aimco announced that the Board authorized Aimco to repurchase up to an additional 15 million shares of its outstanding Common Stock, for a total of 30 million shares.
+Added: Subject to certain blackout restrictions, these repurchases may be made from time to time in the open market or in privately negotiated transactions.
These share repurchase authorizations have no expiration date.
2 unchanged sentences
In addition, Aimco Operating Partnership’s Partnership Agreement restricts the transferability of OP Units.
−Removed: On August 6, 2024, there were 153,498,634 OP Units and equivalents outstanding (of which 141,609,410 were held by Aimco), that were held by 1,942 unitholders of record.
+Added: On November 6, 2024, there were 153,125,096 OP Units and equivalents outstanding (of which 141,269,368 were held by Aimco), that were held by 1,917 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, 2024.
+Added: Aimco Operating Partnership did not issue any unregistered OP Units during the three months ended September 30, 2024.
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 Aimco's election, shares of Aimco Common Stock on a one-for-one basis (subject to customary antidilution adjustments).
−Removed: During the three months ended June 30, 2024, no OP Units were redeemed in exchange for shares of Common Stock and 14,395 OP Units were redeemed in exchange for cash at an aggregate weighted average price per unit of $7.99.
−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, 2024:
+Added: During the three months ended September 30, 2024, no OP Units were redeemed in exchange for shares of Common Stock and 33,496 OP Units were redeemed in exchange for cash at an aggregate weighted average price per unit of $8.50.
+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, 2024:
Fiscal Period
3 unchanged sentences
Maximum Number of Units That May Yet Be Purchased Under Plans or Programs (1)
−Removed: April 1 - 30, 2024
−Removed: May 1 - 31, 2024
−Removed: June 1 - 30, 2024
+Added: July 1 - 31, 2024
+Added: August 1 - 31, 2024
+Added: September 1 - 30, 2024
(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.
20 unchanged sentences
Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 – 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, 2024, 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, 2024, 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, 2024
+Added: November 7, 2024
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.