Apartment Investment and Management Company Announces 2020 Dividend Income Tax Allocation

Rhea-AI Summary

Aimco (NYSE: AIV) has disclosed the 2020 dividend allocations for federal income tax purposes for its Class A Common Stock. The distributions, calculated with available information, include a record date of February 14, 2020, and a payable date of February 28, 2020. Shareholders will receive $0.41 per share, with various taxable classifications detailed, including 4.92% as ordinary dividends and 81.53% as capital gain. Aimco urges shareholders to consult tax advisors for specific tax implications.

Positive

• Dividend of $0.41 per share boosts shareholder income.
• Class A Common Stock demonstrates stable dividend payments.

Negative

• Dependent on tax laws which vary for shareholders.
• Potential confusion about tax implications for shareholders.

Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today the 2020 dividend allocation for federal income tax purposes for its Class A Common Stock. Aimco’s tax return for the year ended December 31, 2020 has not yet been filed. As a result, the income tax character for the distributions shown below has been calculated using the best available information as of the date of this release. Please note that federal tax laws affect taxpayers differently, and the information in this release is not intended as advice to shareholders as to how dividends should be reported on their tax returns. Also note that state and local taxation of real estate investment trust dividends varies and may not be the same as the taxation under federal rules. Aimco encourages shareholders to consult with their own tax advisors with respect to federal, state and local income tax effects of these distributions.

Class A Common Stock (CUSIP 03748R-75-4 and CUSIP 03748R-74-7)
Record Date	Payable Date	Distribution per Share	Taxable Ordinary Dividends1	Qualified Dividends (20% Rate)	Capital Gain (20% Rate)3	Unrecaptured Sec. 1250 Gain (25% Rate)3	Return of Capital
2/14/20	2/28/20	$0.41	4.92112%	5.74466%	81.53456%	7.79966%	0.00000%
5/15/20	5/29/20	$0.41	9.94375%	1.89660%	60.41631%	27.74334%	0.00000%
8/14/20	8/28/20	$0.41	9.94375%	1.89660%	60.41631%	27.74334%	0.00000%
11/4/20	11/30/20	$8.20	9.94375%	1.89660%	60.41631%	27.74334%	0.00000%
12/5/20	12/15/20	$38.07112	5.90018%	1.12536%	35.84837%	16.46167%

FAQ

What is the dividend amount for Aimco (AIV) in 2020?

Aimco has declared a dividend of $0.41 per share for 2020.

When is the payable date for Aimco's 2020 dividend?

The payable date for Aimco's dividend is February 28, 2020.

What percentage of Aimco's dividend is classified as ordinary dividends?

4.92% of the dividend is classified as ordinary dividends.

What should shareholders do regarding their tax obligations for Aimco's dividends?

Shareholders are encouraged to consult with their own tax advisors regarding tax implications.

How does Aimco's dividend distribution affect shareholders?

The dividend distribution increases income for shareholders, but tax implications can vary.