Apartment Investment and Management Co. (“AIV/ AIV1C”)
Special Cash and/or Stock Dividend (ELECTION)
Ex-Distribution Date: October 23, 2008
Attached, for your information is memo #25011 from the Options Clearing Corporation.
We urge you to read this (see link) and distribute to others within your organization you deem appropriate.
If clicking on the link above does not work, then copy and paste into your browser.
AIV1C changes to AIV2C On 10/23/08
AIV2C CME Clearing Code AI3
AIV1C Standard (100 Shares) Reintroduced on 10/24/08
AIV2C Deliverable 1) 100 Apartment Investment and Management Company (“AIV”) Class A Common Shares2) An additional amount of Apartment Investment and Management Company (“AIV”) Class A Common Shares and/or Cash valued at$1.20 which will accrue to non-electing AIV Shareholders (x 100)3) Cash in lieu of AIV shares, if any
GTC Order Handling New OCC Methodology* No change to Price or Quantity
* Member firms must determine if the new GTC order terms meet their clients’ objectives and cancel or cancel/replace orders as appropriate.