Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Thu, December 2, 11:47 AM

This Slide: #425 of 573

Slide #425. American Homes 4 Rent — Preferred Stock Offering

Company:	American Homes 4 Rent (NYSE:AMH)
Date announced:	12/11/2013
Security type:	5% Series B Participating Preferred Shares (AMH.PRB)
Shares Offered:	4,000,000
Date of Pricing:	12/20/2013
Price Per Share:	$25
Preferred Stock Offering Details:	American Homes 4 Rent (NYSE: AMH) (the "Company") today announced that the Company has commenced an underwritten public offering of its 5% Series B Participating Preferred Shares. Investors in the Series B Participating Preferred Shares may also potentially benefit from home price appreciation in the Company's top 20 markets by participating in home price gains as determined by the Federal Housing Finance Agency's House Price Index, subject to certain limitations and payable upon certain defined realization events in each case described in the prospectus for the securities. [1] In addition, the Company will grant the underwriters a 30-day option to purchase up to an additional 15% of the Series B Participating Preferred Shares. The Company intends to apply to list the Series B Participating Preferred Shares on the New York Stock Exchange under the symbol "AMHPRB."

American Homes 4 Rent is a real estate investment trust focused on acquiring, developing, renovating, leasing and operating single-family homes as rental properties. American Homes 4 Rent, L.P. and its consolidated subsidiaries is the entity through which Co. conducts substantially all of its business and owns, directly or through subsidiaries, substantially all of its assets. Co.'s portfolio of single-family properties is internally managed through its proprietary property management platform.

Preferreds: AMH.PRA, AMH.PRB, AMH.PRC, AMH.PRD, AMH.PRE, AMH.PRF, AMH.PRG, AMH.PRH

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AMH — Key Stats (updated 1 HR, 23 MINs ago)

Name:
American Homes 4 Rent
Website:
www.americanhomes4rent.com
Sector:
REITs
Number of ETFs Holding AMH:
55 (see which ones)
Total Market Value Held by ETFs:
$1,331,492,034.3
Total Market Capitalization:
$13,380,000,000
% of Market Cap. Held by ETFs:
9.95%