Apartment Investment and Management (AIV) Announces Results of Second Quarter 2008 Special Dividend Elections
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Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced results of the stockholders' elections relating to Aimco's second quarter 2008 special dividend declared by its Board of Directors on July 18, 2008. The special dividend of $3.00 per share of Class A Common Stock is payable on August 29, 2008, to stockholders of record on July 28, 2008. Aimco's Class A Common Stock began trading "ex-dividend" for the special dividend on July 24, 2008.
A portion of the special dividend in the amount of $0.60 per share represents payment of the regular dividend for the quarter ended June 30, 2008, and a portion represents an additional dividend payment in the amount of $2.40 per share associated with taxable gains arising from property dispositions in 2008.[SM]
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