American Homes 4 Rent 5% Participating Preferred Stock
By: Tim McPartland,
S&P Rating NR Moodys Rating NR
Security Ticker Symbol AMH-B
Market Traded ON NYSE
Dividend Payment Paid on the last day of March, June, September and December beginning on 3/31/2014
Quarterly Dividend .313 Annual Dividend 1.25
Securities may be redeemed, at the issuers option, as early as 12/31/2017 for a redemption price of $25/share plus accrued dividends, PLUS accrued appreciations rights (see prospectus). The Home Price Appreciation rights cease to accrue on 12/31/2020.
After 12/31/2017 American Homes 4 Rent can convert shares to common shares with a formula outlined in the propectus.
After 12/31/2020 the dividend rate will move to 10% which will be calculated on the $25 share plus accrued Home Price Appreciation amounts.
Dividend Payment Will Not Be Qualified Distributions. Dividends of preferred stocks of REITs are not eligible for the qualified tax rate.
Maturity Date None
Click Here for Company Investor Relations Page for American Homes 4 Rent
Below you can find the offering Prospectus and Final Pricing Document