AIMCO Properties, L.P. Announces Increase in Offer Price for Tender Offers for Century Properties Fund XIV
May 01 2007 - 12:38PM
PR Newswire (US)
DENVER, May 1 /PRNewswire/ -- As previously announced, AIMCO
Properties, L.P. is offering to purchase the limited partnership
units of Century Properties Fund XIV, subject to the terms and
conditions of the Offer to Purchase, dated March 30, 2007, and in
the related Letter of Transmittal (collectively, together with any
supplements or amendments, the "Offer"). AIMCO Properties, L.P.
announced today that it has increased the offer price from $30.72
to $45.00 per unit in cash. In accordance with the terms of the
Offer, the increased consideration will be paid for all units
accepted for payment pursuant to the Offer, whether or not the
units were tendered prior to the increase in consideration. For
further information, please contact The Altman Group, Inc. at (800)
467-0821 (toll free), which is acting as the Information Agent for
the Offers. DATASOURCE: AIMCO Properties, L.P. CONTACT: The Altman
Group, Inc., +1-800-467-0821, for AIMCO Properties, L.P.
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