AvalonBay enters into up to $1B equity distribution agreements with multiple sales agents

AVALONBAY COMMUNITIES INC

Company enters into 15 amended sales agency financing agreements and 14 master forward sale confirmations.
Up to $1B of common stock may be offered, less $294M already sold under prior program; ~$706M remains unsold.
Three new sales agents added: BNP Paribas, Mizuho Securities, Scotia Capital.
Shares sold at market prices; commission up to 1.50% of sales price per agent.
Forward sale agreements allow borrowing and selling shares; settlement may be physical, cash, or net shares.

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