Aimco Announces 2012 Dividend Income Tax Allocation

  Aimco Announces 2012 Dividend Income Tax Allocation

Business Wire

DENVER -- January 18, 2013

Apartment Investment and Management Company ("Aimco") (NYSE: AIV, AIVPrT,
AIVPrU, AIVPrV, AIVPrY and AIVPrZ) announced today the 2012 dividend
allocation for federal income tax purposes for its Class A Common Stock and
its publicly traded preferred stock.

Aimco’s tax return for the year ended December 31, 2012, has not yet been
filed. As a result, the income tax allocation for the dividends discussed
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 dividends.

Class A Common Stock (CUSIP 03748R-10-1)
                      Dividend   Taxable     Qualified   Capital     Unrecaptured   Return
Record    Payable   per       Ordinary   Dividends  Gain       Sec. 1250     of
Date       Date       Share      Dividends   (15%        (15%        Gain           Capital
                                             Rate)       Rate)       (25% Rate)
2/21/12   2/29/12   $0.18     0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
5/18/12   5/31/12   $0.18     0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
8/17/12   8/31/12   $0.20     0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
11/16/12  11/30/12  $0.20     0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
Annual             $0.76     0.00000%   0.00000%   46.55494%  53.44506%     0.00000%

Aimco Preferred Stock

Class T Cumulative Preferred Stock (CUSIP 03748R-83-8)
                               Taxable     Qualified   Capital     Unrecaptured
Record    Payable   Dividend               Dividends   Gain                       Return
Date     Date     per       Ordinary   (15%       (15%       Sec. 1250     of
                    Share      Dividends   Rate)       Rate)       Gain           Capital
                                                                   (25% Rate)
1/1/12   1/15/12  $0.5000   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
4/1/12   4/15/12  $0.5000   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
6/15/12  6/15/12  $0.3445   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
Annual           $1.3445   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%

On June 15, 2012, Aimco redeemed all outstanding shares of its Class T
Cumulative Preferred Stock at $25.00 per share plus an amount equal to
accumulated and unpaid dividends thereon to the redemption date of $0.3445 per
share. $25.00 per share should be treated as redemption proceeds.

Class U Cumulative Preferred Stock (CUSIP 03748R-82-0)
                   Dividend   Taxable     Qualified   Capital     Unrecaptured   Return
Record  Payable  per       Ordinary   Dividends  Gain       Sec. 1250     of
Date     Date      Share      Dividends   (15%        (15%        Gain           Capital
                                          Rate)       Rate)       (25% Rate)
1/1/12  1/15/12  $0.4844   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
4/1/12  4/15/12  $0.4844   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
7/1/12  7/15/12  $0.4844   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
Annual          $1.4532   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%

On July 26, 2012, Aimco redeemed all outstanding shares of its Class U
Cumulative Preferred Stock at $25.0646 per share. $25.0646 per share should be
treated as redemption proceeds.

Class V Cumulative Preferred Stock (CUSIP 03748R-81-2)
          Payable   Dividend   Taxable     Qualified   Capital     Unrecaptured   Return
Record            per       Ordinary   Dividends  Gain       Sec. 1250     of
Date      Date      Share      Dividends   (15%        (15%        Gain           Capital
                                           Rate)       Rate)       (25% Rate)
1/1/12   1/15/12  $0.5000   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
4/1/12   4/15/12  $0.5000   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
6/15/12  6/15/12  $0.3445   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
Annual           $1.3445   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%

On June 15, 2012, Aimco redeemed all outstanding shares of its Class V
Cumulative Preferred Stock at $25.00 per share plus an amount equal to
accumulated and unpaid dividends thereon to the redemption date of $0.3445 per
share. $25.00 per share should be treated as redemption proceeds.

Class Y Cumulative Preferred Stock (CUSIP 03748R-79-6)
          Payable   Dividend   Taxable     Qualified   Capital     Unrecaptured   Return
Record            per       Ordinary   Dividends  Gain       Sec. 1250     of
Date      Date      Share      Dividends   (15%        (15%        Gain           Capital
                                           Rate)       Rate)       (25% Rate)
1/1/12   1/15/12  $0.4922   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
4/1/12   4/15/12  $0.4922   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
6/15/12  6/15/12  $0.3380   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
Annual           $1.3224   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%

On June 15, 2012, Aimco redeemed all outstanding shares of its Class Y
Cumulative Preferred Stock at $25.00 per share plus an amount equal to
accumulated and unpaid dividends thereon to the redemption date of $0.3380 per
share. $25.00 per share should be treated as redemption proceeds.

Class Z Cumulative Preferred Stock (CUSIP 03748R-77-0)
                     Dividend   Taxable     Qualified   Capital     Unrecaptured   Return
Record   Payable   per       Ordinary   Dividends  Gain       Sec. 1250     of
Date      Date       Share      Dividends   (15%        (15%        Gain           Capital
                                            Rate)       Rate)       (25% Rate)
1/1/12   1/15/12   $0.4375   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
4/1/12   4/15/12   $0.4375   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
7/1/12   7/15/12   $0.4375   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
10/1/12  10/15/12  $0.4375   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%
Annual            $1.7500   0.00000%   0.00000%   46.55494%  53.44506%     0.00000%

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 319 communities in 29 states, the District of Columbia and
Puerto Rico. 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.

Contact:

Aimco
Elizabeth Coalson, 303-691-4327
Vice President Investor Relations
Elizabeth.Coalson@Aimco.com
 
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