Aimco Discloses $5.55M in Morgan Stanley Advisory Fees for Liquidation Plan

summarizeSummary

Apartment Investment & Management Co. (Aimco) filed additional proxy materials detailing the engagement and compensation of Morgan Stanley as its financial advisor for the ongoing Plan of Sale and Liquidation, disclosing approximately $5.55 million in fees.

check_boxKey Events

• Details on Financial Advisor Engagement

  Aimco provided supplemental disclosures to its Definitive Proxy Statement, adding a new section on the engagement of Morgan Stanley as its lead financial advisor for the Plan of Sale and Liquidation.

• Morgan Stanley Compensation Structure Outlined

  The filing outlines Morgan Stanley's compensation, including a 1.00% transaction fee (potentially reduced), a discretionary fee, and quarterly advisory fees. Morgan Stanley did not render a fairness opinion for the liquidation.

• $5.55 Million in Fees Disclosed

  Morgan Stanley has received approximately $5.55 million in aggregate fees to date in connection with the Sale Engagement and the resulting Plan of Sale and Liquidation.

auto_awesomeAnalysis

This filing provides crucial details regarding the financial advisory engagement of Morgan Stanley for Aimco's previously announced Plan of Sale and Liquidation. The disclosure of approximately $5.55 million in fees paid to Morgan Stanley offers transparency into the significant costs associated with the company's dissolution. While the liquidation itself was previously announced, these financial specifics are important for shareholders to assess the net proceeds from the asset sales and the ultimate liquidating distributions.