Core Viewpoint - Aimco has successfully closed the sale of four properties in suburban Boston for $490 million and declared a special cash dividend of $2.23 per share to be paid on October 15, 2025, to stockholders of record as of September 30, 2025 [1][2]. Group 1: Property Sales and Financial Impact - The properties sold include Royal Crest Estates (Marlboro), Royal Crest Estates (Warwick), Waterford Village, and Wexford Village, with proceeds partially used to retire mortgage loans and pay off Aimco's revolving credit facility [2]. - Aimco is distributing approximately $330 million to stockholders through the special dividend, which represents a significant return of capital [2]. - Aimco's remaining property in the Boston market, Royal Crest Estates (Nashua), is under contract for sale at $250 million, expected to close within 30 days [3]. Group 2: Future Transactions and Financial Strategy - Aimco's sale of two assets in the Brickell neighborhood of Miami is on track to close in Q4 2025 for $520 million, contributing to a total of $1.26 billion in dispositions for 2025 [4]. - The company anticipates generating approximately $785 million in net proceeds after retiring associated liabilities, with plans to pay off about $100 million of incremental debt and return between $4.00 and $4.20 per share to stockholders [4]. - Aimco is focused on maximizing stockholder value through additional strategic transactions, which may include further asset sales or a potential merger [5]. Group 3: Dividend and Trading Information - The special dividend payment represents more than 25% of the price of Aimco's common shares, leading to the NYSE advising that shares will trade with "due bills" from the record date through the payment date [1][7]. - Stockholders selling shares during the Dividend Right Period will forfeit their right to the special dividend, which will be settled between brokers [8][9].