Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 8:18 AM
|This Slide: #448 of 581|
Slide #448. American Homes 4 Rent — Preferred Stock Offering
American Homes 4 Rent (NYSE:AMH)
5% Series A Participating Preferred Shares (AMH.PRA)
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 A Participating Preferred Shares. Investors in the Series A 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. In addition, the Company will grant the underwriters a 30-day option to purchase up to an additional 15% of the Series A Participating Preferred Shares. The Company intends to apply to list the Series A Participating Preferred Shares on the New York Stock Exchange under the symbol "AMHPRA."
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.
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