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Under this Plan, to the extent the Company chooses to repurchase Common Shares in any particular calendar quarter, the repurchase request and required documentation must be received in good order by 4:00 p.m. (Eastern time) on the 15th
calendar day of the last month of the applicable calendar quarter (the “Repurchase Request Cutoff Date”). If the 15th calendar day falls on a weekend or holiday, the Repurchase Request Cutoff Date will be the immediately preceding business
day.
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Common Shares accepted for repurchase will be considered repurchased as of the fifth business day prior to the last business day of the applicable calendar quarter (the “Repurchase Date”). Repurchase requests received and processed by the
Transfer Agent will be effected at a repurchase price equal to the Transaction Price applicable to that quarter, subject to any Early Repurchase Deduction (as defined below). Shares repurchased as of the Repurchase Date will cease to be
outstanding as of such date and will not be entitled to any distribution having a record date after the Repurchase Date.
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Settlement of share repurchases will generally be made on the 10th calendar day of the month immediately following the end of the applicable calendar quarter (the “Settlement Date”). If the 10th calendar day falls on a weekend or holiday,
the Settlement Date will be the immediately preceding business day.
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A holder of Common Shares may withdraw their repurchase request by notifying the Transfer Agent, directly or through the holder’s financial intermediary. Repurchase requests must be cancelled before 4:00 p.m. (Eastern time) on the
applicable Repurchase Request Cutoff Date.
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If a repurchase request is received after, or not in good order by, 4:00 p.m. (Eastern time) on the applicable Repurchase Request Cutoff Date, the repurchase request will be executed, if at all, as of the next quarter’s Repurchase Date at
the Transaction Price applicable to that quarter (subject to any Early Repurchase Deduction), unless such request is withdrawn prior to the applicable Repurchase Request Cutoff Date for such next quarter. Repurchase requests received and
processed by the Transfer Agent on a business day, but after the close of business on that day, or on a day that is not a business day, will be deemed received on the next business day. All questions as to the form and validity (including
time of receipt) of repurchase requests and notices of withdrawal will be determined by the Company, in its sole discretion, and such determination shall be final and binding.
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Repurchase requests may be made by mail or by contacting a financial intermediary, both subject to certain conditions described in this Plan. If making a repurchase request by contacting a financial intermediary, the financial intermediary
may require the holder of Common Shares to provide certain documentation or information. If making a repurchase request by mail to the Transfer Agent, the holder of Common Shares must complete and sign a repurchase authorization form, which
can be found at the end of this Plan and which is also available through a holder’s financial representative. Written requests should be sent to the Transfer Agent at the following address:
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For processed repurchases, holders of Common Shares may request that repurchase proceeds are to be paid by mailed check provided that the check is mailed to an address on file with the Transfer Agent for at least 30 days. Holders of Common
Shares should check with their financial representative that such payment may be made via check or wire transfer, as further described below.
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Holders of Common Shares may also receive repurchase proceeds via wire transfer, provided that wiring instructions for their brokerage account or designated U.S. bank account are provided. For all repurchases paid via wire transfer, the
funds will be wired to the account on file with the Transfer Agent or, upon instruction, to another financial institution provided that the holder has made the necessary funds transfer arrangements. The customer service representative can
provide detailed instructions on establishing funding arrangements and designating a bank or brokerage account on file. Funds will be wired only to U.S. financial institutions (ACH network members).
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A medallion signature guarantee will be required in certain circumstances described below. A medallion signature guarantee may be obtained from a domestic bank or trust company, broker-dealer, clearing agency, savings association or other
financial institution that participates in a medallion program recognized by the Securities Transfer Association. The three recognized medallion programs are the Securities Transfer Agents Medallion Program, the Stock Exchanges Medallion
Program and the New York Stock Exchange, Inc. Medallion Signature Program. Signature guarantees from financial institutions that are not participating in any of these medallion programs will not be accepted. A notary public cannot provide
signature guarantees. The Company reserves the right to amend, waive or discontinue this policy at any time and establish other criteria for verifying the authenticity of any repurchase or transaction request. The Company may require a
medallion signature guarantee if, among other reasons: (1) the amount of the repurchase request is over $500,000; (2) a holder wishes to have repurchase proceeds transferred by wire to an account other than the designated bank or brokerage
account on file for at least 30 days or sent to an address other than such shareholder’s address of record for the past 30 days; or (3) the Transfer Agent cannot confirm a holder’s identity or suspects fraudulent activity.
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If a holder of Common Shares has made multiple purchases of shares, any repurchase request will be processed on a first in/first out basis unless otherwise requested in the repurchase request.
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repurchases resulting from death or qualifying disability;
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in the event that an investor’s shares are repurchased because the holder of Common Shares has failed to maintain the $2,500 minimum account balance; or
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shares issued pursuant to a redemption of common limited partner units of the Partnership.
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If holders are requesting that some but not all of their Common Shares be repurchased, they may be subject to a minimum account repurchase, in the Company’s discretion, if the value of their remaining balance is less than $2,500.
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Holders of Common Shares will not receive interest on amounts represented by uncashed repurchase checks.
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Under applicable anti-money laundering regulations and other federal regulations, repurchase requests may be suspended, restricted or canceled and the proceeds may be withheld.
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All Common Shares requested to be repurchased must be beneficially owned by the holder of record making the request or their estate, heir or beneficiary, or the party requesting the repurchase must be authorized to do so by the holder of
record of the Common Shares or their estate, heir or beneficiary, and such shares must be fully transferable and not subject to any liens or encumbrances. In certain cases, the Company may ask the requesting party to provide evidence
satisfactory to the Company that the Common Shares requested for repurchase are not subject to any liens or encumbrances. If the Company determines that a lien exists against the Common Shares, the Company will not be obligated to repurchase
any Common Shares subject to the lien.
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any holder of Common Shares who requests that the Company repurchase shares within 90 calendar days of the purchase of such shares;
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transactions deemed harmful or excessive by the Company (including, but not limited to, patterns of purchases and repurchases), in the Company’s sole discretion; and
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transactions initiated by financial professionals, among multiple investor accounts, that in the aggregate are deemed harmful or excessive.
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purchases and requests for repurchase of Common Shares in the amount of $2,500 or less;
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purchases or repurchases initiated by the Company; and
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transactions subject to the trading policy of an intermediary that the Company deems materially similar to the Company’s policy.
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| 1. |
REPURCHASE FROM THE FOLLOWING ACCOUNT
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Name(s) on the Account
Enter text here.
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Account Number
Enter text here.
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Social Security Number/TIN
Enter text here.
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Financial Professional Name
Enter text here.
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Financial Professional Phone Number
Enter text here.
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| 2. |
REPURCHASE AMOUNT (Check one, required)
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☐All Shares
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☐Number of Shares
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Enter text here.
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☐Dollar Amount $
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Enter text here.
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| 3. |
REPURCHASE TYPE (Check one, required)
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| 4. |
PAYMENT INSTRUCTIONS (Select only one)
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☐ Cash/Check Mailed to Address of Record
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☐ Cash/Check Mailed to Third Party/Custodian (Signature Guarantee Required)
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Name / Entity Name / Financial Institution
Enter text here.
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Mailing Address
Enter text here.
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City
Enter text here.
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State
Enter text here.
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Zip
Enter text here.
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Account Number
Enter text here.
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Financial Institution Name
Enter text here.
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Mailing Address
Enter text here.
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City
Enter text here.
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State
Enter text here.
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Zip
Enter text here.
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Your Bank’s ABA Routing Number
Enter text here.
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Your Bank Account Number
Enter text here.
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| 5. |
SHARE REPURCHASE PLAN CONSIDERATIONS
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Date of Purchase:
Enter text here.
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Amount of Purchase:
Enter text here.
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Date of Purchase:
Enter text here.
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Amount of Purchase:
Enter text here.
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Date of Purchase:
Enter text here.
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Amount of Purchase:
Enter text here.
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| 7. |
AUTHORIZATION AND SIGNATURE
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Amount to be repurchased is $500,000 or more.
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The repurchase is to be sent to an address other than the address we have had on record for the past 30 days.
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The repurchase proceeds are to be transferred by wire to an account other than the designated bank or brokerage account on file with our transfer agent for at least 30 days.
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Our transfer agent cannot confirm your identity or suspects fraudulent activity.
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Investor Name (Please Print)
Enter text here.
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Signature
Enter text here.
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Date
Enter text here.
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Co-Investor Name (Please Print)
Enter text here.
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Signature
Enter text here.
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Date
Enter text here.
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Signature Guarantee (Affix Medallion or Signature Guarantee Stamp Below)
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Custodian and/or Broker/Dealer Authorization (if applicable)
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Signature of Authorized Person (if applicable) Date
Enter text here. Enter text here.
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A copy of the current share repurchase plan is available upon request. Repurchase requests received and processed by our transfer agent will be effected at a repurchase price equal to the transaction price applicable to the calendar
quarter (which will generally be equal to our prior quarter's net asset value ("NAV") per share), subject to any early repurchase deduction. If the transaction price applicable to a calendar quarter is not made available by the last business
day of the first month of such calendar quarter (or is changed after such date), then no repurchase requests will be accepted for such calendar quarter and shareholders who wish to have their shares repurchased the following quarter must
resubmit their repurchase requests. The transaction price for each quarter will be available on our website at amresreit.com and through your financial representative.
There are various limitations on your ability to request that we repurchase your shares, including, subject to certain exceptions, an early repurchase deduction if your shares have been outstanding for less than one year. In addition, the
aggregate NAV of total repurchases (based on the price at which the shares are repurchased) of our shares is limited to no more than 5% of our aggregate NAV per calendar quarter (measured using the aggregate NAV attributable to shareholders
as of the end of the immediately preceding quarter). Our board of trustees may determine to make exceptions to, modify, suspend or terminate our share repurchase plan without shareholder approval.
All requests for repurchases and required documentation must be received in good order by 4:00 p.m. (Eastern time) on the 15th calendar day of the last month of the applicable calendar quarter (the “Repurchase Request Cutoff Date”). If the
15th calendar day falls on a weekend or holiday, the Repurchase Request Cutoff Date will be the immediately preceding business day. A shareholder may withdraw his or her repurchase request by notifying our transfer agent, directly or through
the shareholder's financial intermediary, provided such notice is received before 4:00 p.m. (Eastern time) on the applicable Repurchase Request Cutoff Date.
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Common shares accepted for repurchase will be considered repurchased as of the fifth business day prior to the last business day of the applicable calendar quarter (the “Repurchase Date”). Shares repurchased as of the Repurchase Date will
cease to be outstanding as of such date and will not be entitled to any distribution having a record date after the Repurchase Date. Settlement of share repurchases will generally be made on the 10th calendar day of the month immediately
following the end of the applicable calendar quarter (the “Settlement Date”). If the 10th calendar day falls on a weekend or holiday, the Settlement Date will be the immediately preceding business day.
We cannot guarantee that we will have sufficient available funds or that we will otherwise be able to accommodate any or all requests made in any applicable repurchase period. If the share repurchase plan is suspended, our board of
trustees must affirmatively authorize its recommencement before repurchase requests will be considered again. All unsatisfied repurchase requests must be resubmitted after the start of the next quarter, or upon the recommencement of the plan,
as applicable. All questions as to the form and validity (including time of receipt) of repurchase requests and notices of withdrawal will be determined by American Residential Housing Trust, in its sole discretion, and such determination
shall be final and binding.
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Deliver to: Venture.co Fund Services, LLC, Attn: American Residential Housing Trust, 4975 Preston Park Blvd., Suite 820, Plano, Texas 75093
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