DENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.10 per share Class A Common Stock for the quarter ended December 31, 2009, payable on or before February 1, 2010 to stockholders of record on December 31, 2009. Aimco's Class A Common Stock will begin trading "ex-dividend" on December 29, 2009.

Aimco's regular quarterly dividends are typically declared the month following the end of the quarter and paid one month later; however, the Aimco Board declared the fourth quarter 2009 regular dividend a month early in order to provide the option of offsetting gains from 2009 property sales that would otherwise result in Aimco being subject to REIT excise tax.

Aimco is a real estate investment trust headquartered in Denver, Colorado that owns and operates a geographically diversified portfolio of apartment communities. Aimco, through its subsidiaries and affiliates, is one of the largest owners and operators of apartment communities in the United States with 916 properties, including 146,581 apartment units, and serves approximately 500,000 residents each year. Aimco's properties are located in 44 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.

    Source: Apartment Investment and Management Company

Contact: Apartment Investment and Management Company Elizabeth Coalson, 303-691-4327 Vice President, Investor Relations or Investor Relations, 303-691-4350 Investor@aimco.com