Apartment Investment and Management Company (AIV) Proxy Filing summary

Executive summary

• Special stockholder meeting set for February 6, 2026, to approve a plan of sale and liquidation of all remaining assets.

• Strategic review concluded that an orderly sale of the portfolio is the best way to maximize shareholder value.

• Recent asset sales include a $520 million transaction and $620 million in additional assets under contract.

• Net proceeds from liquidation are expected to total $5.75 to $7.10 per share, distributed through liquidating distributions.

• Forward-looking statements caution about risks related to market conditions, stock price, and regulatory changes.

Voting matters and shareholder proposals

• Shareholders of record as of December 31, 2025, are entitled to vote on the plan of sale and liquidation.

• Proxy materials and voting instructions are available through the SEC and company website.

Board of directors and corporate governance

• Board determined that liquidation is preferable to other strategic alternatives or maintaining the status quo.

• Directors, executive officers, and employees may participate in proxy solicitation.