Preferred Stock Channel
Apartment Investment & Management Co | 7.00% Class Z Cumulative Preferred Stock (AIV.PRZ)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering up to 800,000 shares of our 7.00% Class Z Cumulative Preferred Stock.

Dividends on the Class Z Cumulative Preferred Stock will be payable quarterly on January 15, April 15, July 15 and October 15 of each year to the holders of record at the close of business on the preceding January 1, April 1, July 1 and October 1. We will pay cumulative dividends on the Class Z Cumulative Preferred Stock in an amount per share equal to $1.75 per year, or $0.4375 per quarter, equivalent to 7.00% of the $25 liquidation preference. The first dividend on the Class Z Cumulative Preferred Stock sold in this offering will be paid on October 15, 2011 on a prorated basis from the initial date of issuance of the Class Z Cumulative Preferred Stock.

The liquidation preference of each share of Class Z Cumulative Preferred Stock is $25.00.

The Class Z Preferred Stock is not redeemable prior to July 29, 2016, except in limited circumstances relating to the ownership limitation necessary to preserve our qualification as a real estate investment trust for federal income tax purposes. On or after July 29, 2016, we have the option to redeem all or a portion of the Class Z Cumulative Preferred Stock at any time in whole, or from time to time in part, for cash at $25.00 per share, plus accumulated, accrued and unpaid dividends.

Holders of shares of Class Z Cumulative Preferred Stock will generally have no voting rights, except for limited voting rights if we fail to pay dividends for six or more quarterly periods (whether or not consecutive) and as otherwise required by applicable law.

The Class Z Cumulative Preferred Stock has no stated maturity and is not subject to any sinking fund or mandatory redemption provisions except in certain circumstances to preserve our qualification as a real estate investment trust for federal income tax purposes.

Full Prospectus PDF », Secondary Prospectus PDF », AIV Page »

Series:Z
Alternate symbology:AIV-Z, AIV-PZ, AIVprZ
Redeemable?:Yes
Call Date:7/29/2016 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:800,000
Liquidation Preference:$25.00
Original Coupon:7.00%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating: Learn AIV.PRZ's Rating
Apartment Investment and Management is a self-administered and self-managed real estate investment trust primarily focused on the multifamily sector within the continental U.S. Co. through a wholly-owned subsidiary, is the general partner and directly is the special limited partner of the Aimco OP L.P. (Aimco Operating Partnership). Co. conducts all of its business and owns all of its assets through the Aimco Operating Partnership. Co. owns or leases a portfolio of real estate investments focused primarily on the U.S. multifamily sector.

Preferreds: AIV.PRZ, AIV.PRA


Open the AIV Information Page »
Name:  Apartment Investment & Management Co
Website:  www.aimco.com
Sector:  REITs
Number of ETFs Holding AIV:  29 (see which ones)
Total Market Value Held by ETFs:  $181,116,388.88
Total Market Capitalization:  $1,073,000,000
% of Market Cap. Held by ETFs:  16.88%

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