RestructuringMay 11, 2026, 04:38 PM
Aimco Stockholders Approve Plan of Sale and Liquidation
AI Summary
Aimco's stockholders approved a Plan of Sale and Liquidation on February 6, 2026, following Board approval in November 2025. The plan aims for an orderly liquidation of assets, settlement of liabilities, and distribution of net proceeds to stockholders within 24 months. The company reported a net loss attributable to Aimco of $(7.74) million for the month ended January 31, 2026, and paid a special liquidating distribution of $1.45 per share on March 13, 2026.
Key Highlights
- Aimco stockholders approved the Plan of Sale and Liquidation on February 6, 2026.
- A special liquidating distribution of $1.45 per share was paid on March 13, 2026.
- Aimco aims to complete asset sales and liquidation within 24 months of stockholder approval.
- Total assets were $1.43 billion on a liquidation basis as of March 31, 2026.
- Total liabilities were $727.94 million on a liquidation basis as of March 31, 2026.
- Net assets in liquidation were $705.90 million as of March 31, 2026.
- Net loss attributable to Aimco was $(7.74) million for the month ended January 31, 2026.
- Basic and diluted EPS was $(0.05) for the month ended January 31, 2026.