SCOTTSDALE, Ariz., Jan. 15, 2016 /PRNewswire/ -- American
Residential Properties, Inc. (NYSE: ARPI) ("ARPI") today announced
that it will hold a special meeting of stockholders
on February 26, 2016 at ARPI's headquarters, located
at 7047 East Greenway Parkway, Suite 350, Scottsdale,
Arizona 85254, beginning at 8:00 a.m. Mountain Standard
Time. At the special meeting, stockholders will be asked to
consider and vote upon the following matters:
- a proposal to approve the merger of ARPI with and into a wholly
owned subsidiary of American Homes 4 Rent ("AMH") pursuant to the
Agreement and Plan of Merger, dated as of December 3, 2015, as it may be amended from time
to time, by and among AMH, Sunrise Merger Sub, LLC, American Homes
4 Rent, L.P., OP Merger Sub, LLC, ARPI, American Residential
Properties OP, L.P. and American Residential GP, LLC, and the other
transactions contemplated by the merger agreement; and
- a proposal to approve one or more adjournments of the special
meeting, if necessary or appropriate, including adjournments to
permit further solicitation of proxies in favor of the merger
proposal.
Stockholders of record at the close of business on January
22, 2016 will be entitled to notice of, and to vote at, the
special meeting of stockholders and any adjournment or postponement
of the meeting.
About American Residential Properties, Inc.
American
Residential Properties, Inc. is an internally managed real estate
company, organized as a REIT for federal income tax purposes, that
acquires, owns and manages single-family homes as rental properties
in select communities nationwide. ARPI's primary business strategy
is to acquire, restore, lease and manage single-family homes as
well-maintained investment properties to generate attractive,
risk-adjusted returns over the long-term. With a vertically
integrated real estate acquisition and management platform
incorporating disciplined acquisition criteria, extensive research,
seasoned personnel and comprehensive operations, ARPI is
well-positioned to execute its strategy.
Additional information about ARPI can be found on ARPI's website
at www.amresprop.com.
Forward-Looking Statements
This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements generally can be identified by use of statements that
include phrases such as "believe," "expect," "anticipate,"
"estimate," "intend," "plan," "will," "predicted," "likely," or
other words or phrases of similar import. These forward-looking
statements relate to the date and time of the special
meeting. Such statements involve known and unknown risks,
uncertainties, and other factors that may cause the actual results,
performance, or achievements of AMH or ARPI to be materially
different from future results, performance or achievements
expressed or implied by such forward-looking statements. Any
forward-looking statement speaks only as of the date of this report
and neither AMH nor ARPI undertakes any obligation to update or
revise any forward-looking statements, whether as a result of new
developments or otherwise.
Additional Information about the Proposed Transaction and
Where to Find It
In connection with the proposed
transactions, AMH has filed with the U.S. Securities and Exchange
Commission (the "SEC") a registration statement on Form S-4 that
includes a proxy statement of ARPI that also constitutes a
prospectus of AMH. AMH and ARPI also plan to file other
relevant documents with the SEC regarding the proposed
transactions. INVESTORS ARE URGED TO READ THE PROSPECTUS/PROXY
STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IF AND
WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. You may obtain a free copy of the prospectus/proxy
statement (if and when it becomes available) and other relevant
documents filed by AMH and ARPI with the SEC at the SEC's website
at www.sec.gov. Copies of the documents filed by AMH with the SEC
will be available free of charge on its website at
www.americanhomes4rent.com, or by contacting Investor Relations at
(855) 794-2447. Copies of the documents filed by ARPI with
the SEC will be available free of charge on its website at
www.amresprop.com, or by contacting Investor Relations at (480)
474-4800.
AMH and ARPI and their respective trustees, directors and
executive officers may be deemed to be participants in the
solicitation of proxies in respect of the proposed transactions.
You can find information about AMH's trustees and executive
officers in AMH's definitive proxy statement filed with the SEC on
April 2, 2015 in connection with its
2015 annual meeting of shareholders. You can find information about
ARPI's directors and executive officers in ARPI's definitive proxy
statement filed with the SEC on April 17,
2015 in connection with its 2015 annual meeting of
stockholders. Additional information regarding the interests
of such potential participants will be included in the
prospectus/proxy statement and other relevant documents filed with
the SEC if and when they become available. You may obtain free
copies of these documents from AMH or ARPI using the sources
indicated above.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
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SOURCE American Residential Properties, Inc.