Aimco Announces Preliminary Voting Results of 2022 Annual Meeting of Stockholders
Apartment Investment and Management Company (NYSE: AIV) has reported preliminary results from its 2022 Annual Meeting of Stockholders, where stockholders voted to elect nominees Jay Leupp, Dary Stone, and Jim Sullivan to the board. Aimco's management thanked shareholders for their input since the December 2020 spin-off of Apartment Income REIT Corp. The company emphasized its value-creation strategy, which has led to strong total shareholder returns and a solid financial outlook. The final election results will be certified by an independent Inspector of Elections.
- Stockholders elected nominees, enhancing board composition.
- Aimco's clear value-creation strategy has resulted in peer-leading total shareholder returns.
- Solid financial position supported by an experienced team and significant growth opportunities.
- None.
Aimco issued the following statement:
We thank Aimco stockholders for their constructive feedback and engagement since the spin-off of Apartment Income REIT Corp. (“AIR”) in
Over the past 24 months, Aimco’s Board has established a clearly defined value-creation strategy and has overseen its successful execution, resulting in peer leading Total Shareholder Returns.
Today, Aimco benefits from an experienced and dedicated team of real estate investment professionals, a significantly fortified balance sheet, a track record of effective investment management and capital allocation, and a portfolio containing significant opportunities for growth that are separate and apart from AIR. While the efforts of the Aimco Board and management team have positioned the company for continued success, we remain committed to considering all options to further enhance shareholder value.
In addition, we welcome
We also thank
The election results announced today are considered preliminary until final results are tabulated and certified by the independent Inspector of Elections. Final results will be reported on a Form 8-K that will be filed with the
About Aimco
Aimco is a diversified real estate company primarily focused on value add, opportunistic, and alternative investments, targeting the
Forward-Looking Statements
This document contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, including, but not limited to, the statements in this document regarding future financing plans, including the Company’s expected leverage and capital structure; business strategies, prospects, and projected operating and financial results (including earnings), including facts related thereto, such as expected costs; future share repurchases; expected investment opportunities; and our 2022 pipeline investments and projects. We caution investors not to place undue reliance on any such forward-looking statements.
Words such as “anticipate(s),” “expect(s),” “intend(s),” “plan(s),” “believe(s),” “plan(s),” “may,” “will,” “would,” “could,” “should,” “seek(s),” “forecast(s),” and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are not guarantees of future performance, condition or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, among others, that may affect actual results or outcomes include, but are not limited to: (i) the risk that the 2023 preliminary plans and goals may not be completed in a timely manner or at all, (ii) the inability to recognize the anticipated benefits of pipeline investments and projects, (iii) changes in general economic conditions, including as a result of the COVID-19 pandemic. Although we believe that the assumptions underlying the forward-looking statements, which are based on management’s expectations and estimates, are reasonable, we can give no assurance that our expectations will be attained.
Risks and uncertainties that could cause actual results to differ materially from our expectations include, but are not limited to: the effects of the coronavirus pandemic on the Company’s business and on the global and
In addition, the Company’s current and continuing qualification as a real estate investment trust involves the application of highly technical and complex provisions of the Internal Revenue Code and depends on the Company’s ability to meet the various requirements imposed by the Internal Revenue Code, through actual operating results, distribution levels and diversity of stock ownership. Readers should carefully review the Company’s financial statements and the notes thereto, as well as the section entitled “Risk Factors” in Item 1A of the Company’s Annual Report on Form 10-K for the year ended
These forward-looking statements reflect management’s judgment as of this date, and the Company assumes no (and disclaims any) obligation to revise or update them to reflect future events or circumstances.
We make no representations or warranties as to the accuracy of any projections, estimates, targets, statements or information contained in this document. It is understood and agreed that any such projections, estimates, targets, statements and information are not to be viewed as facts and are subject to significant business, financial, economic, operating, competitive and other risks, uncertainties and contingencies many of which are beyond our control, that no assurance can be given that any particular financial projections or targets will be realized, that actual results may differ from projected results and that such differences may be material. While all financial projections, estimates and targets are necessarily speculative, we believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial projections, estimates and targets. The inclusion of financial projections, estimates and targets in this presentation should not be regarded as an indication that we or our representatives, considered or consider the financial projections, estimates and targets to be a reliable prediction of future events.
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Sr. Director, Capital Markets and Investor Relations
(303) 793-4661
investor@aimco.com
(212) 929-5748
Dburch@mackenziepartners.com
(212) 355-4449
Source:
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