American Homes 4 Rent | 6.25% SERIES H CUMULATIVE REDEEMABLE PERPETUAL PREFERRED SHARES (AMH.PRH)
Prospectus excerpt: We are selling 4,000,000 shares of our 6.25% Series H Cumulative Redeemable Perpetual Preferred Shares of beneficial interest, $0.01 par value per share, or our Series H Preferred Shares, in this offering. This is the original issuance of our Series H Preferred Shares, which have a liquidation preference of $25.00 per share. Holders of Series H Preferred Shares will be entitled to receive dividend payments only when, as and if declared by our board of trustees or a duly authorized committee of the board. Any such dividends will be payable from the date of original issue on a cumulative basis, quarterly in arrears on the last day of March, June, September and December of each year, commencing on December 31, 2018 to holders of record as of December 14, 2018. The dividend rate of 6.25% per annum will be applied to the liquidation preference from the date of issue. Payment of dividends on the Series H Preferred Shares is subject to certain legal and other restrictions as described elsewhere in this prospectus supplement.
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.