21 unchanged sentences
the REIT requirements of the Code;
−Removed: utilization of AMH’s net operating loss (“NOL”) carryforwards;
and such other factors as the Company’s board of trustees deems relevant.
To maintain our qualification as a REIT, AMH must generally make annual distributions to our shareholders of at least 90% of our REIT taxable income for the current taxable year, determined without regard to deductions for dividends paid and any net capital gains.
−Removed: AMH intends to use its NOL (to the extent available) to reduce AMH’s REIT taxable income and to pay quarterly distributions to our shareholders, and the Operating Partnership intends to pay quarterly distributions to the Operating Partnership’s unitholders, including AMH, which distributions, in the aggregate, approximately equal or exceed AMH’s net taxable income in the relevant year.
+Added: AMH intends to pay quarterly distributions to its shareholders, and the Operating Partnership intends to pay quarterly distributions to the Operating Partnership’s unitholders, including AMH, which distributions, in the aggregate, approximately equal or exceed AMH’s net taxable income in the relevant year.
However, our cash available for distribution may be less than the amount required to meet the distribution requirements for REITs under the Code and we may be required to borrow money, sell assets or make taxable distributions of our equity shares or debt securities to satisfy the distribution requirements.
1 unchanged sentence
The distribution preference of our Series G and Series H perpetual preferred shares could limit our ability to make distributions to the holders of our Class A and Class B common shares.
−Removed: The following table displays the estimated income tax treatment of distributions on our Class A and Class B common shares and Series D, Series E, Series F, Series G and Series H perpetual preferred shares for the years ended December 31, 2022 and 2021:
+Added: The following table displays the estimated income tax treatment of our quarterly distributions on our Class A and Class B common shares and Series F, Series G and Series H perpetual preferred shares for the years ended December 31, 2023 and 2022:
+Added: Classification 3/31/2023 6/30/2023 9/29/2023 12/29/2023 3/31/2022 6/30/2022 (5)
+Added: 9/30/2022 12/30/2022
Ordinary Dividend Income (1)
−Removed: Qualified dividend income Capital gains (2)(3)(4)
−Removed: Total Ordinary dividend income (1)
−Removed: Qualified dividend income Capital gains (2)(3)(4)
−Removed: Common Shares 52.6 % — % 47.4 % 100.0 % 73.1 % 0.7 % 26.2 % 100.0 %
−Removed: Perpetual Preferred Shares:
−Removed: Series D — % — % — % — % 73.1 % 0.7 % 26.2 % 100.0 %
−Removed: Series E — % — % — % — % 73.1 % 0.7 % 26.2 % 100.0 %
−Removed: Series F 52.6 % — % 47.4 % 100.0 % 73.1 % 0.7 % 26.2 % 100.0 %
−Removed: Series G 52.6 % — % 47.4 % 100.0 % 73.1 % 0.7 % 26.2 % 100.0 %
−Removed: Series H 52.6 % — % 47.4 % 100.0 % 73.1 % 0.7 % 26.2 % 100.0 %
+Added: 76.3 % 25.4 % 25.4 % 25.4 % 52.6 % 52.6 % 52.6 % 52.6 %
+Added: Capital Gain Distributions (2)(3)(4)
+Added: 23.7 % 74.6 % 74.6 % 74.6 % 47.4 % 47.4 % 47.4 % 47.4 %
+Added: Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %
(1) 100.0% of the ordinary dividend income is treated as Internal Revenue Code (“IRC”) Section 199A qualified REIT dividend income.
6 unchanged sentences
real property interests pursuant to IRC Section 897 for foreign shareholders.
+Added: (5) The 5.875% Series F perpetual preferred shares were redeemed on May 5, 2022.
Stock Performance Graph
11 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.