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Apartment Investment & Mgmt. Co. (AIV) Yearly Returns

Year	Beginning Price	Ending Price	Gain or Loss	Percent Gain or Loss
1995	17.25	19.375	2.125	12.32%
1996	19.375	28.25	8.875	45.81%
1997	28.25	36.75	8.50	30.09%
1998	36.75	37.1875	0.4375	1.19%
1999	37.1875	39.8125	2.625	7.06%
2000	39.8125	49.9375	10.125	25.43%
2001	49.9375	45.73	-4.2075	-8.43%
2002	45.73	37.48	-8.25	-18.04%
2003	37.48	34.50	-2.98	-7.95%
2004	34.50	38.54	4.04	11.71%
2005	38.54	37.87	-0.67	-1.74%
2006	37.87	56.02	18.15	47.93%
2007	56.02	34.73	-21.29	-38.00%
2008	34.73	11.55	-23.18	-66.74%
2009	11.55	15.92	4.37	37.84%
2010	15.92	25.84	9.92	62.31%
2011	25.84	22.91	-2.93	-11.34%