AIV - Aimco ignores call for special meeting on reverse spinoff Litt says

Jonathan Litt's Land & Buildings, which has been pushing Apartment Investment and Management ([[AIV]] +1.8%) ("Aimco") to hold a special meeting of shareholders, gets notice that Aimco plans to execute its reverse spinoff "shortly" and a special meeting is "unlikely to occur.""This letter makes it crystal clear that Aimco does not care what its shareholders think," Litt said in a statement.Litt had delivered to the company a request for a special meeting supported by 47% of Aimco's shareholders to hold a vote on the proposed reverse spinoff."This is the very definition of disenfranchising shareholders," he added."We call on Aimco to immediately cease ignoring the will of its shareholders a vote on the reverse spinoff before moving forward with such a potentially value-destructive transaction," Litt said.Previously: Litt delivers to Aimco request for special meeting by holders of 43% of shares (Nov. 12)

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Aimco ignores call for special meeting on reverse spinoff, Litt says