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American Homes 4 Rent, 6.35% Series E Cumulative Perpetual Preferred Shares
Ticker Symbol: AMH-E* CUSIP: 02665T801 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/30/2021
Security has been Called for: Wednesday, June 30, 2021
May 6, 2021 -- American Homes 4 Rent (NYSE: AMH) (the "Company"), a leading provider of high-quality single-family homes for rent, today announced its intent to redeem (i) all outstanding shares of its 6.500% Series D Perpetual Preferred Shares (NYSE: AMH-D), $0.01 par value per share, for cash at a liquidation preference of $25.00 per share plus any accrued and unpaid dividends, on June 7, 2021, and (ii) all outstanding shares of its 6.350% Series E Perpetual Preferred Shares (NYSE: AMH-E), $0.01 par value per share, for cash at a liquidation preference of $25.00 per share plus any accrued and unpaid dividends, on June 30, 2021.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: American Homes 4 Rent, 6.35% Series E Cumulative Perpetual Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 6/29/2021 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.35% per annum ($1.5875 per annum or $0.396875 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date that will be 3/15, 6/15, 9/15 & 12/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (AMH)
IPO - 6/22/2016 - 8.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: AHMRP Changed: 6/30/2016
Market Value $200.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 23975 Park Sorrento, Suite 300, Calabasas, CA 91302 |
| Main Phone Number |
805-413-5300 |
| Fax Number |
Not Available |
| Investor Relations
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855-794-2447
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| Toll Free Phone Number |
855-774-4663 |
| CEO - David P. Singelyn |
CFO - Christopher C. Lau |
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