-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OaWE4tbvDXCYqh432Ydluc+639bU1hLyWxJ/ALG83IwjXF62pxrjjkAQC1M9Dt7l HHy37TupZtbsOlV6C/5Zrw== 0000950134-02-002361.txt : 20020415 0000950134-02-002361.hdr.sgml : 20020415 ACCESSION NUMBER: 0000950134-02-002361 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020320 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APARTMENT INVESTMENT & MANAGEMENT CO CENTRAL INDEX KEY: 0000922864 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 841259577 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13232 FILM NUMBER: 02580192 BUSINESS ADDRESS: STREET 1: COLORADO CENTER TOWER TWO STREET 2: 2000 S COLORADO BLVD STE 2-1000 CITY: DENVER STATE: CO ZIP: 80222-4348 BUSINESS PHONE: 3037578101 MAIL ADDRESS: STREET 1: COLORADO CENTER TOWER TWO STREET 2: 2000 S COLORADO BLVD STE 2-1000 CITY: DENVER STATE: CO ZIP: 80222 8-K 1 d95195e8-k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 - ------------------------------------------------------------------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) March 20, 2002 APARTMENT INVESTMENT AND MANAGEMENT COMPANY ------------------------------------------------------ (Exact name of registrant as specified in its charter) MARYLAND 1-13232 84-1259577 ---------------------------- ----------- ------------------ (State or other jurisdiction (Commission (I.R.S. Employer of incorporation or File Number) Identification No.) organization) COLORADO CENTER, TOWER TWO, 2000 SOUTH COLORADO BOULEVARD, SUITE 2-1000, DENVER, CO 80222-4348 - ----------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (303) 757-8101 NOT APPLICABLE - -------------------------------------------------------------------------------- (Former name or Former Address, if Changed Since Last Report) ITEM 5. OTHER EVENTS. On March 20, 2002, Apartment Investment and Management Company ("Aimco") issued a press release providing additional detail on the redemption of all outstanding shares of its Class K Convertible Cumulative Preferred Stock for shares of Aimco Class A Common Stock. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) Exhibits The following exhibits are filed with this report: Exhibit Number Description 99.1 Press Release of Apartment Investment and Management Company, dated March 20, 2002. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: March 20, 2002 APARTMENT INVESTMENT AND MANAGEMENT COMPANY By: /s/ Paul J. McAuliffe --------------------------------------------------- Paul J. McAuliffe Executive Vice President--Capital Markets and Chief Financial Officer By: /s/ Thomas C. Novosel --------------------------------------------------- Thomas C. Novosel Senior Vice President and Chief Accounting Officer EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION ---------- ----------- 99.1 Press Release of Apartment Investment and Management Company, dated March 20, 2002.
EX-99.1 3 d95195ex99-1.txt PRESS RELEASE DATED MARCH 20, 2002 EXHIBIT 99.1 APARTMENT INVESTMENT AND MANAGEMENT COMPANY PROVIDES ADDITIONAL DETAIL REGARDING REDEMPTION OF $125 MILLION CLASS K CONVERTIBLE CUMULATIVE PREFERRED STOCK REDEMPTION FOR CLASS A COMMON STOCK DENVER, COLORADO, MARCH 20, 2002 Apartment Investment and Management Company (NYSE: AIV, AIVPrK) ("Aimco") announced yesterday that it has given notice that it will redeem for Aimco Class A Common Stock ("Common Stock") all outstanding shares of its Class K Convertible Cumulative Preferred Stock ("Class K Preferred Stock") (AIVPrK -- CUSIP No. 03748R705) on April 18, 2002 ("Redemption Date") at a redemption price of $27.2125 per preferred share ("Redemption Price"). Aimco has made available additional detail related to the announced redemption. The Redemption Price is determined as follows:
Per Preferred Share ------------------- Liquidation Preference $ 25.00 Early Redemption Premium of 2% 0.50 Accrued and Unpaid Dividends through the Redemption Date 0.4167 --------- Cash Redemption Price $ 25.9167 Stock Redemption Premium of 5% 1.2958 --------- Stock Redemption Price $ 27.2125 =========
The Redemption Price is payable in shares of Aimco Common Stock at a price of $45.7835 per common share, which represents the average of the closing prices for Aimco's Common Stock for the 20 trading days up to and including March 15, 2002. The redemption results in the issuance of 0.5944 shares of Common Stock for each share of Class K Preferred Stock redeemed. A cash payment will be made in lieu of any fractional shares of Common Stock that would otherwise be issuable upon redemption of the Class K Preferred Stock. The right to convert shares of Class K Preferred Stock into Common Stock will terminate at the close of business at 5:00 p.m., New York City time, on April 17, 2002. Conversion into Common Stock is based upon the $25.00 Liquidation Preference of the Class K Preferred Stock and a fixed Aimco Common Stock price of $42.00, resulting in the issuance of 0.5952 shares of Common Stock for each share of Class K Preferred Stock converted. A cash payment will be made in lieu of any fractional shares of Common Stock that would otherwise be issuable upon conversion of the Class K Preferred Stock. On and after the Redemption Date, dividends will cease to accumulate on the Class K Preferred Stock. After the Redemption Date, holders of the Class K Preferred Stock will have no rights other than the right to receive payment of the Redemption Price, without interest, upon presentation and surrender of certificates representing shares of Class K Preferred Stock to EquiServe Trust Company, N.A., the transfer agent for the Class K Preferred Stock, during its usual business hours at the address specified in the Notice of Redemption. Aimco is a real estate investment trust with headquarters in Denver, Colorado and 19 regional operating centers, which holds a geographically diversified portfolio of apartment communities. Aimco, through its subsidiaries, operates approximately 1,900 properties, including 336,000 apartment units, and serves approximately one million residents. Aimco's properties are located in 47 states, District of Columbia and Puerto Rico. For more information about Aimco, please visit our website at www.aimco.com. Contact: Katie Murphree, Vice President -- Investor Relations (303) 691-4440 E-Mail: investor@aimco.com Web Site: http://www.aimco.com -----END PRIVACY-ENHANCED MESSAGE-----