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

DENVER, May 27 /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 Preferred Beginning of End of Per Share Dividend
Stock Dividend Period Dividend Period Declared

9.375% Class G
Preferred April 15, 2008 July 14, 2008 $0.5859375
8.000% Class T
Preferred April 15, 2008 July 14, 2008 $0.50
7.750% Class U
Preferred April 15, 2008 July 14, 2008 $0.484375
8.000% Class V
Preferred April 15, 2008 July 14, 2008 $0.50
7.875% Class Y
Preferred April 15, 2008 July 14, 2008 $0.49219

Dividends on shares of Class G, T, U, V and Y Cumulative Preferred Stock are payable on July 15, 2008, to shareholders of record on July 1, 2008.

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 the largest owner and operator of apartment communities in the United States with 1,163 properties, including 202,337 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. Visit http://www.aimco.com/ for more information about Aimco.

First Call Analyst:
FCMN Contact:

Source: Apartment Investment and Management Company

CONTACT: Investor Relations, +1-303-691-4350, Investor@aimco.com, or
Elizabeth Coalson, Vice President, Investor Relations, +1-303-691-4327, both
of Apartment Investment and Management Company

Web site: http://www.aimco.com/

2008-05-27 16:58:19 0371070 PRNEWSWIRE