Apartment Investment and Management Company (“Aimco”) (NYSE: AIV, AIVPrZ) announced today that its Board of Directors declared dividends on shares of its 7.0% Class Z Cumulative Preferred Stock for the period July 15, 2012, to October 14, 2012, in the amount of $0.4375 per share. Dividends are payable on October 15, 2012, to shareholders of record on October 1, 2012. Aimco is a real estate investment trust that is focused on the ownership and management of quality apartment communities located in the largest markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with 344 communities serving approximately 250,000 residents in 30 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. For more information about Aimco, please visit our website at www.aimco.com.