DENVER, Aug. 19 /PRNewswire-FirstCall/ -- Apartment Investment and Management Company ("Aimco") announced today that its Board of Directors declared a dividend of $0.63125 per share on its 10.1% Class Q Cumulative Preferred Stock and a dividend of $0.625 per share on its 10.0% Class R Cumulative Preferred Stock. Dividends for both classes of preferred stock are payable on September 15, 2005 to shareholders of record on September 1, 2005.

Aimco is a real estate investment trust headquartered in Denver, Colorado that owns and operates a geographically diversified portfolio of apartment communities through 25 regional operating centers. Aimco, through its subsidiaries, operates approximately 1,475 properties, including approximately 260,000 apartment units, and serves approximately one million residents each year. Aimco's properties are located in 47 states, the District of Columbia and Puerto Rico. Aimco common shares are included in the S&P 500.