7 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 year ended December 31, 2024, no shares of Common Stock were issued in exchange for OP Units in such transactions.
−Removed: 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.
+Added: During the year ended December 31, 2025, 2,554,326 shares of Common Stock were issued in exchange for 2,554,326 OP Units on a one-for-one basis.
+Added: Such shares were issued in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended.
Repurchases of Equity Securities
−Removed: The following table summarizes Aimco's share repurchases, all of which were part of publicly announced programs:
−Removed: Fiscal Period
−Removed: Total Number of Shares Repurchased
−Removed: Weighted Average Price Paid per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Maximum Number of Shares That May Yet Be Purchased Under Plans or Programs (1)
−Removed: October 1 - 31, 2024
−Removed: November 1 - 30, 2024
−Removed: December 1 - 31, 2024
−Removed: (1) On July 28, 2022, Aimco announced that the Board authorized Aimco to repurchase up to 15 million shares of its outstanding Common Stock.
+Added: On July 28, 2022, Aimco announced that its Board authorized Aimco to repurchase up to 15 million shares of its outstanding Common Stock.
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: As of December 31, 2025, Aimco was authorized to repurchase up to 16.2 million shares of its outstanding Common Stock.
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.
+Added: During the year ended December 31, 2025, Aimco repurchased 29,498 shares at an aggregate weighted-average price of $8.66 per share.
Aimco Operating Partnership
6 unchanged sentences
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 its election, shares of Aimco Common Stock on a one-for-one basis (subject to customary antidilution adjustments).
−Removed: During the three months ended December 31, 2024, no OP Units were redeemed in exchange for shares of Common Stock and 34,001 OP Units were redeemed in exchange for cash at an aggregate weighted average price per unit of $8.75.
+Added: During the year ended December 31, 2025, 2,554,326 OP Units were redeemed in exchange for shares of Common Stock on a one-for-one basis and 76,383 OP Units were redeemed in exchange for cash at an aggregate weighted-average price per unit of $8.48.
The following table summarizes repurchases, or redemptions in exchange for cash, of the Aimco Operating Partnership's equity securities for the three months ended December 31, 2025.
12 unchanged sentences
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;
−Removed: current market conditions;
−Removed: liquidity needs;
−Removed: and other uses of cash, such as deleveraging and accretive investment activities.
−Removed: Stockholders receiving any dividend, whether payable in cash or cash and shares of Aimco Common Stock, will be required to include the full amount of such dividend as income to the extent of our current and accumulated earnings and profits, as determined for United States federal income tax purposes for the year of such dividend and may be required to pay income taxes with respect to such dividend in excess of the cash dividend received.
−Removed: With respect to certain non-United States stockholders, Aimco may be required to withhold United States tax with respect to such dividend, including in respect of all or a portion of such dividend that is payable in Common Stock.
+Added: In making a dividend determination, Aimco's Board considers a variety of factors, including REIT distribution requirements, current market conditions, liquidity needs, and other uses of cash, such as deleveraging.
+Added: In connection with the Plan of Sale and Liquidation, United States stockholders may receive one or more liquidating distributions.
+Added: The amount of any liquidating distribution will be applied first to reduce a United States stockholder’s adjusted tax basis in its Common Stock, but not below zero.
+Added: A United States stockholder’s adjusted tax basis in its Common Stock will generally be equal to the stockholder’s cost of its shares, reduced by any prior distributions that were treated as reductions in basis rather than taxable dividends.
+Added: To the extent that distributions pursuant to the Plan of Sale and Liquidation exceed a United States stockholder’s basis in its Common Stock, the excess will constitute taxable gain and be recognized in the year in which the distribution is received.
+Added: If the total amount of liquidating distributions received by a United States stockholder is less than the adjusted tax basis of its shares, the United States stockholder will generally recognize a loss in the year in which the final liquidating distribution is received.
+Added: However, a future abandonment of the Plan of Sale and Liquidation subsequent to the payment of liquidating distributions could complicate the tax consequences to our stockholders, as described in greater detail in our definitive proxy statement, filed with the SEC on January 2, 2026.
The Board of Aimco Operating Partnership’s general partner determines and declares distributions on OP Units.
4 unchanged sentences
Accordingly, the per share dividends Aimco pays to its stockholders generally equal the per unit distributions paid by Aimco Operating Partnership to holders of its OP Units.
−Removed: Our revolving credit agreement includes customary covenants, including a restriction on dividends and other restricted payments, but permits dividends and distributions as may be necessary to maintain Aimco's REIT status.
Performance Graph
3 unchanged sentences
The indices are weighted for all companies that fit the definitional criteria of the particular index and are calculated to exclude companies as they are acquired and to add companies to the index calculation as they become publicly traded companies.
−Removed: All companies that fit the definitional criteria and existed at the point in time presented are included in the index calculations.
+Added: companies that fit the definitional criteria and existed at the point in time presented are included in the index calculations.
The graph assumes the investment of $100 in Aimco Common Stock and in each index on December 31, 2020, and that all dividends paid have been reinvested.
6 unchanged sentences
Issuances Under Equity Compensation Plans
−Removed: Our equity compensation plan information required by this item is incorporated by reference to the 2025 Proxy Statement to be filed within 120 days after the end of the year ended December 31, 2024.
+Added: Our equity compensation plan information required by this item is incorporated by reference to the definitive proxy statement for the 2026 Annual Meeting of Stockholders to be filed within 120 days after the end of the year ended December 31, 2025.
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.