AIV - Litt delivers to Aimco request for special meeting by holders of 43% of shares

Activist investor Jonathan Litt's investing firm, a significant shareholder of Apartment Investment and Management ([[AIV]] -2.0%), delivers to AIV written requests from holders of more than 43% of AIV's outstanding shares to call a special meeting of shareholders.At the special meeting, Land & Buildings Investment Management intends to present a non-binding resolution urging the REIT's board to put any proposed separation or spinoff involving the company to a vote of the company's shareholders at a duly called meeting.In September, AIV, also called Aimco, announced plans to split into two separate companies, a move that Litt opposes.The proposal would also urge the board to refrain from proceeding with any such separation or spinoff unless approved by a vote of a majority of AIV's shareholders.Proxy advisory firms Institutional Shareholder Services and Glass, Lewis had previously recommended shareholders support Land & Buildings' call for the special meeting.

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Litt delivers to Aimco request for special meeting by holders of 43% of shares