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Apartment Investment and Management Company Declares Dividends on Class G, T, U, V and Y Cumulative Preferred Stock

DENVER, Dec. 10 /PRNewswire-FirstCall/ -- Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today that its Board of Directors declared dividends on shares of its Class G, T, U, V and Y Cumulative Preferred Stock. Dividend information is as follows:

       Class of       Beginning of         End of       Per Share Dividend
    Preferred Stock  Dividend Period   Dividend Period      Declared
    ---------------  ---------------   ---------------  ------------------
    9.375% Class G
      Preferred     October 15, 2008   January 14, 2009     $0.5859375
    8.000% Class T
      Preferred     October 15, 2008   January 14, 2009     $0.50
    7.750% Class U
      Preferred     October 15, 2008   January 14, 2009     $0.484375
    8.000% Class V
      Preferred     October 15, 2008   January 14, 2009     $0.50
    7.875% Class Y
      Preferred     October 15, 2008   January 14, 2009     $0.49219



Dividends on shares of Class G, T, U, V and Y Cumulative Preferred Stock are payable on January 15, 2009, to shareholders of record on January 1, 2009.

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 1,067 properties, including 178,083 apartment units, and serves approximately 750,000 residents each year. Aimco's properties are located in 46 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

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