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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, March 31, 1:17 AM
Slide #476. American Homes 4 Rent — Preferred Stock Offering
| Company: |
American Homes 4 Rent (NYSE:AMH) |
| Date announced: |
10/8/2013 |
| Security type: |
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.[1] 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. Co. is focused on acquiring, developing, renovating, leasing and operating single-family homes as rental properties. American Homes 4 Rent, L.P. and its consolidated subsidiaries are the entities through which Co. conducts substantially all of its business and owns, directly or through subsidiaries, substantially all of its assets. Co. owns various single-family properties in selected sub-markets of metropolitan statistical areas in various states. Co.'s portfolio of single-family properties, including those held in its unconsolidated joint ventures, 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 »
Open the AMH.PRA Page at Preferred Stock Channel for More Information About this Preferred »
| Name: |
American Homes 4 Rent |
| Website: |
www.americanhomes4rent.com |
| Sector: |
REITs |
| Number of ETFs Holding AMH: |
47 (see which ones) |
| Total Market Value Held by ETFs: |
$1,360,627,644.8 |
| Total Market Capitalization: |
$10,762,000,000 |
| % of Market Cap. Held by ETFs: |
12.64% |
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