Aimco Increases Common Dividend 15% to Annual Rate of $1.20 Per Share

Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today that its Board of Directors increased Aimco’s quarterly cash dividend to an annual rate of $1.20 per share, an increase of 15% year-over-year. This higher dividend rate reflects the Board’s confidence about 2015 prospects and also the use of the $367 million January equity raise to reduce leverage and required debt amortization, permitting an increase in AFFO available to be paid to Aimco shareholders.

The cash dividend of $0.30 per share of Class A Common Stock for the quarter ended March 31, 2015, is payable on May 29, 2015, to stockholders of record on May 15, 2015.

Aimco is a real estate investment trust that is focused on the ownership and management of quality apartment communities located in the largest markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with 198 communities in 23 states and the District of Columbia. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV, and are included in the S&P 500. For more information about Aimco, please visit our website at www.aimco.com.