Convertibles Calendar

ON THE HORIZON

AMERICAN HOMES 4 RENT (NYSE: AMH): $100 million of series C participating preferred shares; $15 million greenshoe; bookrunners Morgan Stanley & Co. LLC, Raymond James & Associates Inc. and Jefferies LLC; up to $115 million of its class A common shares registered concurrently, which may be issuable to preferred holders after March 31, 2018; $25.00 liquidation preference may be increased by a Home Price Appreciation Amount through March 31, 2021; change-of-control conversion; listing on the New York Stock Exchange under the ticker symbol AMHPC; proceeds to pay down debt and to invest in additional properties; Agoura Hills, Calif.-based real estate investment trust.

500.COM LTD. (NYSE: ADS: WBAI): up to $120 million of convertible senior notes; via underwriter Deutsche Bank Securities Inc.; F-1 regulatory filing; concurrent offering of ADS; concurrent share lending agreement with Deutsche Bank AG; takeover protection; no exchange listing; proceeds for R&D, business expansion, general corporate purposes, including working capital needs, incremental costs; Shenzhen, China-based online sports lottery service provider.

International Convertibles Calendar

ON THE HORIZON

UTTAM STRIPS LTD.: $200 million of 10-year convertible bonds; to yield 6%-8%; private placement via U.S.-based private equity fund Exhilway Global as sole agent for placing the bond; proceeds to repay Indian bank liabilities and for possible acquisitions; New Delhi-based metal home products manufacturer.

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