Apartment Investment and Management
Company Announces At-The-Market Offering
May 24, 2010 08:25 AM Eastern Daylight Time
DENVER--(EON: Enhanced Online News)--Apartment Investment and Management Company (“Aimco”)
(NYSE: AIV) today announced that it has created an At-The-Market (“ATM”) offering program through which it
could sell up to seven million shares of its Class A Common Stock.
The shares would be offered through KeyBanc Capital Markets, BofA Merrill Lynch, and Wells Fargo Securities,
who will be acting as sales agents.
“We are fortunate to have no immediate need to sell common shares, as our capital recycling program of selling non-
core assets, together with cash flow from operations, continues to fund the cash requirements of our redevelopment
and capital expenditure programs, as well as our planned delevering,” said Terry Considine, Aimco’s Chairman and
Chief Executive Officer. “Putting in place the ATM, however, gives us flexibility to access quickly the equity markets
to raise capital should there be, for example, an opportunity to fund additional accretive investments.”
The ATM program allows Aimco to sell up to seven million shares from time to time through the sales agents. The
sales, if any, would be made in “at the market” offerings as defined in Rule 415 of the Securities Act, including
privately negotiated transactions.
Aimco has filed a shelf registration statement (including a prospectus and a prospectus supplement) with the SEC for
the offering of Aimco’s Class A Common Stock to which this communication relates. Before you invest, you should
read the prospectus, including the related prospectus supplement, in that registration statement and other documents
Aimco has filed with the SEC for more complete information about Aimco and this offering. You may get these
documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Aimco or any of the
sales agents participating in the offering will arrange to send you the prospectus, inc