Apartment Investment and Management Company (AIV) Proxy Filing summary

Executive summary

• Board approved a Plan of Sale and Liquidation on November 10, 2025, to sell all assets, wind down operations, and dissolve the company.

• Morgan Stanley was engaged as lead financial advisor in December 2024 to assist with the sale or liquidation process.

• Definitive Proxy Statement was filed on January 2, 2026, and mailed to shareholders on or about January 6, 2026.

• Supplemental disclosures were provided to update and clarify information in the Proxy Statement.

• Forward-looking statements address timing and amount of capital returns, subject to market and regulatory risks.

Voting matters and shareholder proposals

• Shareholders are being solicited to vote on the proposed Plan of Sale and Liquidation.

• Proxy Statement and supplemental materials provide details for informed voting decisions.

Board of directors and corporate governance

• Directors, executive officers, and employees may be deemed participants in the proxy solicitation.

• Information on director and officer stock ownership is disclosed in the Proxy Statement and prior filings.