On December 15, 2020, Apartment Investment and Management Company completed the previously announced separation, which was effected by way of a pro rata distribution in which stockholders of Aimco received one share of Class A common stock of Apartment Income REIT Corp. (AIR) for every one share of Class A common stock of Aimco held as of the close of business on December 5, 2020, the record date for the REIT Distribution, and received cash in lieu of fractional shares of Class A common stock of AIR. AIMCO Properties, L.P. (AIR OP) also completed the previously announced separation, which was effected through a pro rata distribution (the OP Distribution) of all of the outstanding common limited partnership units of Aimco OP L.P. (Aimco OP) to holders of AIR OP common limited partnership units and AIR OP Class I High Performance partnership units as of the close of business on December 5, 2020, the record date for the OP Distribution. In connection with the adoption of the Amended and Restated Charter, the Board of Directors of AIR (the “Board”) has been classified into three classes until the 2022 annual meeting of AIR’s stockholders. Robert A. Miller, Kathleen M. Nelson and Michael A. Stein serve in Class I, which has a term lasting until the 2021 annual meeting of AIR’s stockholders. Thomas L. Keltner, John D. Rayis, and Ann Sperling serve in Class II, Terry Considine, Devin I. Murphy, and Nina A. Tran serve in Class III, and each of Class II and Class III have a term lasting until the 2022 annual meeting of AIR’s stockholders. Mr. Keltner was also appointed as Chairman of the Board. Each of the directors, other than Mr. Considine, has also been appointed as a member of each of the Audit Committee, the Compensation and Human Resources Committee, and the Nominating and Corporate Governance Committee of the Board. Ms. Tran was appointed as Chairman of the Audit Committee, Ms. Sperling was appointed as Chairman of the Compensation and Human Resources Committee, and Ms. Nelson was appointed as Chairman of the Nominating and Corporate Governance Committee. Lisa R. Cohn as president and secretary, Keith M. Kimmel as president, property operations, Paul L. Beldin as executive vice president and Conor Wagner as senior vice president and chief investment officer. Ms. Lisa R. Cohn previously served as Executive Vice President, General Counsel and Secretary of Aimco from December 2007 until the Separation. Mr. Keith M. Kimmel previously served as Aimco’s Executive Vice President of Property Operations from January 2011 until the Separation. Mr. Paul L. Beldin held the same positions at Aimco prior to the Separation, and originally joined Aimco in 2008 as Senior Vice President and Chief Accounting Officer. Mr. Conor Wagner joined Aimco as Vice President in 2018.