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| AIV > SEC Filings for AIV > Form 8-K on 6-Oct-2008 | All Recent SEC Filings |
6-Oct-2008
Other Events
On October 1, 2008, Apartment Investment and Management Company ("Aimco") issued a press release concerning its preliminary assessment of the damage caused by Tropical Storm Fay and Hurricane Ike. A copy of the press release is attached hereto as Exhibit 99.1.
On September 30, 2008, Aimco entered into a Rule 10b5-1 trading plan with a broker to facilitate the repurchase of shares of its Class A Common Stock.
Rule 10b5-1 allows a company to purchase its shares at times when it otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods. The shares to be repurchased under the Aimco's 10b5-1 plan would be part of the previously disclosed share repurchase authorization approved by Aimco's Board of Directors.
The 10b5-1 share purchase period will commence in October 2008. Purchases will be implemented by a broker and will be based upon the guidelines and parameters of the 10b5-1 plan. There is no guarantee as to the exact number of shares that will be repurchased under the share repurchase program, and Aimco may discontinue purchases at any time.
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