• AvalonBay Communities will implement a mandatory BDR stock split tied to a ratio change in its Brazilian depositary receipt program.
• The BDR-to-underlying ratio shifts to 1:16 from 1:4, effective at the market open on 24/08/2026.
• Holders receive 3 additional BDRs for each 1 BDR held on 21/08/2026; new BDRs credited on 26/08/2026.
• Fractional entitlements will be settled in cash, subject to income tax deductions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AvalonBay Communities Inc. published the original content used to generate this news brief on July 22, 2026, and is solely responsible for the information contained therein.