875% series G participating preferred shares
28 April 2014 - Morgan Stanley, Raymond James and Jefferies will serve as joint book-running managers for California-based American Homes 4 Rent's (NYSE: AMH) underwritten public offering of its series C participating preferred shares
For participating preferred shares
, however, the "two class" method shown in Exhibit 1 must be used.
As previously announced, it is a condition to the closing of the merger transaction (as described in the Merger Agreement) that the Merger Agreement be approved by the affirmative vote of (i) the holders of at least 66 2/3% of the Company's Ordinary Shares and the Company's Cumulative Convertible Participating Preferred Shares
(the "Convertible Preferred Shares") outstanding (voting on an as-converted basis), voting together as a single class, and (ii) a majority of the Company's Ordinary Shares (excluding generally any Ordinary Shares owned by the Investors, the Company or any of their respective affiliates (the "Owned Shares")), attending and voting at the Extraordinary General Meeting (whether in person or by proxy) (the "Requisite Shareholder Approval").
M2 EQUITYBITES-September 28, 2017-American Homes 4 Rent declares conversion of series A and B participating preferred shares
Barclays currently holds common shares and series B convertible participating preferred shares
in BlackRock, which convert into common stock upon a sale.
Each right will entitle shareholders to buy one one-thousandth of a share of a new series of junior participating preferred shares
at a purchase price of $30, subject to adjustment.
0% Series B participating preferred shares
8 million attributable to the beneficial conversion feature of the Convertible Cumulative Participating Preferred Shares
issued on May 7, 2007 in calculating net loss available to ordinary shareholders for the purposes of earnings per share, in accordance with EITF Topic D-98.
CCA's software allows clients to evaluate and create securities-offering documents for deal structures including common equity, notes with equity kickers, participating preferred shares
, and common equity with bank debt.
Participating preferred share
holdings are presented as non-controlling interest in the consolidated financial statements of the Fund; however, management of the Fund have elected to include the shareholdings of the participating preferred shareholders in the calculation of free cash flow available for distribution as participating preferred shares
receive distributions that are economically equivalent to those received by trust unitholders and participating preferred shares
are exchangeable on a one-to-one basis for trust units of the Fund.
Aggregate distributions declared on weighted average trust units and participating preferred shares
outstanding, including distributions on weighted average subscription receipts, totalled $27,101 and $75,976 for the three and nine months ended September 30, 2005, representing a payout ratio of 82.