|Dividend Reinvestment Plan
DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN
All holders of record of shares of AvalonBay's common stock and preferred stock are eligible to participate in the Dividend Reinvestment and Stock Purchase Plan. Beneficial owners of shares of common stock or preferred stock registered in the name of a broker, bank or other nominee must contact the nominee and make arrangements to either participate through the nominee or become the holder of record by having all or a portion of their shares transferred to their name.
To participate in the Plan, you may elect to do either or both of the following:
- Have all or a portion of your cash dividends automatically reinvested in additional shares of common stock;
- Invest optional cash payments in additional shares of common stock.
Common stock acquired through the Plan will generally be purchased at a price equal to the last reported sale price for a share of common stock as reported on the New York Stock Exchange on the applicable investment date, as more fully described in the enrollment materials.
The terms of the Plan are presented in the Prospectus, including how to enroll on page 12. The Prospectus provides information about AvalonBay and the Plan, which you should review carefully before making any investment decision under the Plan.
To reinvest dividends from that quarter pursuant to the Plan, the authorization form must be completed and returned for receipt by The Bank of New York at least one business day before the record date for those dividends.
To receive a hardcopy of plan prospectus or an enrollment form via mail, please contact Computershare Shareowner Services at 1-866-230-0668 or AvalonBay Communities, Inc. Investor Relations at 703-329-6300.