These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity's attaining more than 5% in any class of a company's securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from Oct. 27 through Nov. 2, 2022. Source: VerityData

Activist Holdings

Apartment Investment and Management (AIV) Land & Buildings Investment Management reported a stake of 8,806,573 shares in the real estate developer, equal to 5.8% of the outstanding stock. Land & Buildings Investment revealed that it plans to nominate two directors for approval at Apartment Investment's 2022 shareholder meeting, scheduled for Dec. 16. Land & Buildings Investment is seeking representation, alleging missteps, including the taxable spinoff of 90% of Apartment Investment's assets into Apartment Income REIT (AIRC) in September 2020 before a special shareholders' meeting could be called. Land & Buildings believes that the spinoff was a "reset" to make up for Apartment Investment's underperformance over the past several years. Land & Buildings believes that a reconstituted board is necessary to improve shareholder engagement and initiate a strategic review, "including options for monetizing all or part" of Apartment Investment, or Aimco, through a sale. In a Nov. 1 regulatory filing, Apartment Investment noted, "We believe that a vote for Land & Buildings could harm Aimco and the value of your investment. It is important that you vote and protect the future of the company and the value of your investment."