
Apartment Investment & Management ( Five multifamily properties in New England)
Cap Table & Ownership
Capitalization structure, share classes, and liquidation preferences
Cap Table Data Not Available
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Apartment Investment & Management ( Five multifamily properties in New England) Cap Table Overview
The capitalization table (cap table) for Apartment Investment & Management ( Five multifamily properties in New England) shows the company's equity ownership structure, including all share classes, their liquidation preferences, and ownership percentages. This information is critical for investors evaluating secondary market opportunities.
Understanding Apartment Investment & Management ( Five multifamily properties in New England) Share Classes
Apartment Investment & Management ( Five multifamily properties in New England) has multiple share classes in its capital structure.
Liquidation Preferences Explained
Liquidation preferences determine the order in which shareholders receive proceeds in an exit event (acquisition, IPO, or liquidation). Investors with senior preferred shares are paid first, followed by junior preferred, and finally common shareholders. Understanding these preferences is essential for evaluating the potential return on secondary market purchases.
Cap Table FAQs
What share class should I buy on the secondary market?
Most secondary market transactions involve common stock or specific preferred series. Common stock typically has the most liquidity but sits lowest in the liquidation waterfall. Preferred shares offer downside protection but may have transfer restrictions.
How does Apartment Investment & Management ( Five multifamily properties in New England)'s valuation affect share prices?
Apartment Investment & Management ( Five multifamily properties in New England)'s valuation divided by shares outstanding determines the implied price per share. However, different share classes may trade at premiums or discounts based on their rights and preferences.
Are preferred shareholders guaranteed their liquidation preference?
Liquidation preferences are only paid if there are sufficient proceeds from an exit event. In a down-round or low-value exit, preferred shareholders may receive less than their preference, or in some cases, convert to common to maximize their return.