4 unchanged sentences
Aimco may also issue shares of common stock in exchange for limited partnership interests in consolidated real estate partnerships.
−Removed: During the three months ended March 31, 2021, Aimco did not issue any shares of Common Stock in exchange for OP Units in these transactions.
+Added: During the three months ended June 30, 2021, Aimco issued approximately 440,000 shares of common stock in exchange for OP Units in these transactions.
+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: There were no repurchases by Aimco of its common equity securities during the three months ended March 31, 2021.
+Added: There were no repurchases by Aimco of its common equity securities during the three months ended June 30, 2021.
Aimco’s board of directors has, from time to time, authorized Aimco to repurchase shares of its outstanding common stock.
−Removed: As of March 31, 2021, Aimco was authorized to repurchase approximately #VALUE!
−Removed: million shares.
+Added: As of June 30, 2021, Aimco was authorized to repurchase approximately 10.4 million shares.
This authorization has no expiration date.
2 unchanged sentences
Unregistered Sales of Equity Securities
−Removed: Aimco Operating Partnership did not issue any unregistered OP units during the three months ended March 31, 2021 .
+Added: Aimco Operating Partnership did not issue any unregistered OP Units during the three months ended June 30, 2021 .
Repurchases of Equity Securities
Aimco Operating Partnership’s Partnership Agreement generally provides that after holding common OP Units for one-year, limited partners other than Aimco have the right to redeem their common OP Units for cash or, at our election, shares of Aimco Common Stock on a one-for-one basis (subject to customary antidilution adjustments).
−Removed: During the three months ended March 31, 2021, no common OP Units were redeemed in exchange for shares of Common Stock.
−Removed: The following table summarizes Aimco Operating Partnership’s repurchases, or redemptions in exchange for cash, of common OP Units for the three months ended March 31, 2021.
+Added: During the three months ended June 30, 2021, approximately 440,000 of common OP Units were redeemed in exchange for shares of Common Stock.
+Added: The following table summarizes Aimco Operating Partnership’s repurchases, or redemptions in exchange for cash, of common OP Units for the three months ended June 30, 2021.
Fiscal period
7 unchanged sentences
Plans or Programs (1)
−Removed: January 1, 2021 ‒ January 31, 2021
−Removed: February 1, 2021 ‒ February 28, 2021
−Removed: March 1, 2021 ‒ March 31, 2021
+Added: April 1, 2021 ‒ April 30, 2021
+Added: May 1, 2021 ‒ May 30, 2021
+Added: June 1, 2021 ‒ June 30, 2021
The terms of 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, Aimco Operating Partnership has no publicly announced plans or programs of repurchase.
6 unchanged sentences
liquidity needs;
−Removed: and other uses of cash, such as deleveraging and accretive investment activities.
−Removed: Aimco’s Board of Directors has not declared a dividend payment, nor have they set the expectation for any future regular dividend payments.
+Added: and other uses of cash, such as deleveraging and accretive investment
+Added: Aimco plans to reinvest earnings to facilitate growth and, therefore, does not presently intend to pay a regular quarterly cash dividend.
The following exhibits are filed with this report:
Charter – 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)
−Removed: Amended and Restated Bylaws (Exhibit 3.1 to Aimco’s Current Report on Form 8-K dated January 26, 2016, is incorporated herein by this reference)
−Removed: Articles Supplementary of Apartment Investment Management Company (Exhibit 3.1 to Aimco’s Current Report on Form 8-K, dated December 15, 2020, is incorporated herein by this reference)
Amended and Restated Bylaws (Exhibit 3.2 to Aimco’s Current Report on Form 8-K, dated December 15, 2020, is incorporated herein by this reference)
−Removed: Description of Aimco’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934.
−Removed: (Exhibit 4.1 to Aimco’s Annual Report on Form 10-K dated February 24, 2020, is incorporated herein by this reference)
−Removed: Fifth Amended and Restated Agreement of Limited Partnership of Aimco Operating Partnership, dated as of July 29, 1994, as amended and restated as of April 8, 2019 (Exhibit 10.1 to Aimco’s Current Report on Form 8-K dated April 5, 2019, is incorporated herein by this reference)
−Removed: Master Lease Agreement, dated as of December 15, 2020 (effective January 1, 2021), by and between AIMCO 50 Rogers Street, LLC and Prism Lessee, LLC (Exhibit 10.5 to Aimco’s Current Report on Form 8-K, dated December 15, 2020, is incorporated herein by this reference)
−Removed: Master Lease Agreement, dated as of December 15, 2020 (effective January 1, 2021), by and between MCZ/Centrum Flamingo II, L.L.C.
−Removed: and Flamingo North Lessee, LLC (Exhibit 10.7 to Aimco’s Current Report on Form 8-K, dated December 15, 2020, is incorporated herein by this reference)
−Removed: Master Lease Agreement, dated as of December 15, 2020 (effective January 1, 2021), by and between AIMCO Leahy Square Apartments, LLC and 707 Leahy Lessee, LLC (Exhibit 10.8 to Aimco’s Current Report on Form 8-K, dated December 15, 2020, is incorporated herein by this reference)
+Added: Articles Supplementary of Apartment Investment Management Company (Exhibit 3.1 to Aimco’s Current Report on Form 8-K, dated December 15, 2020, is incorporated herein by this reference)
+Added: Amended and Restated Agreement of Limited Partnership of Aimco OP L.P., effective as of December 14, 2020 (Exhibit 10.1 to Aimco’s Current Report on Form 8-K, dated December 15, 2020, is incorporated herein by this reference)
+Added: First Amendment to Master Lease Agreement, dated April 15, 2021, by and between MCZ/Centrum Flamingo II, L.L.C.
+Added: and Flamingo North Lessee, LLC.
Certification of Chief Executive Officer pursuant to Securities Exchange Act Rules 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Aimco
6 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 March 31, 2021, 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, 2021, formatted in iXBRL (Inline Extensible Business Reporting Language):
(i) condensed consolidated balance sheets;
11 unchanged sentences
Executive Vice President and Chief Financial Officer
+Added: August 13, 2021
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.