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Quotes delayed 20 minutes
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Buy (3.22 out of 4)
52nd percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, January 17, 7:39 AM
Slide #193. American Homes 4 Rent — Preferred Stock Offering
| Company: |
American Homes 4 Rent (NYSE:AMH) |
| Date announced: |
5/16/2016 |
| Shares Offered: |
9,000,000 |
| Date of Pricing: |
5/17/2016 |
| Price Per Share: |
$25.00 |
| 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 Series D Preferred Shares. In addition, the Company will grant the underwriters a 30-day option to purchase up to an additional 15% of the Series D Preferred Shares at the public offering price solely to cover over-allotments, if any. The Company intends to apply to list the Series D Preferred Shares on the New York Stock Exchange under the symbol "AMHPRD." -updated 5/17- American Homes 4 Rent (NYSE: AMH) (the "Company") today announced the pricing of its underwritten public offering of 9,000,000 of its 6.5% Series D Preferred Shares raising gross proceeds of approximately $225 million, before deducting underwriting discounts and commissions and estimated offering expenses. The Series D Preferred Shares have an initial liquidation preference of $25 per share. The offering is expected to close on May 24, 2016, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 Series D Preferred Shares at the public offering price solely to cover over-allotments, if any. The Company intends to apply to list the Series D Preferred Shares on the New York Stock Exchange under the symbol "AMHPRD." If the application is approved, the Company expects trading to commence 30 days after initial delivery of the Series D Preferred Shares. |
American Homes 4 Rent is a real estate investment trust focused on acquiring, 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
 Open the AMH Page at Preferred Stock Channel »
| Name: |
American Homes 4 Rent |
| Website: |
www.americanhomes4rent.com |
| Sector: |
REITs |
| Number of ETFs Holding AMH: |
58 (see which ones) |
| Total Market Value Held by ETFs: |
$1,101,259,286 |
| Total Market Capitalization: |
$7,994,000,000 |
| % of Market Cap. Held by ETFs: |
13.78% |
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Open the AMH Page at Preferred Stock Channel (in a new window) »
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