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American Homes 4 Rent to convert series C preferred shares into common stock

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American Homes 4 Rent to convert series C preferred shares into common stock

American Homes 4 Rent will convert all its 7.6 million outstanding 5.500% series C participating preferred shares into 10,848,828 shares of class A common stock on April 5.

Preferred dividends will cease to accrue on the April 5 conversion date, after which class A shares received in the conversion will be eligible to receive dividends, commencing with the expected July 2 payout to shareholders of record June 15.