M/I Homes Announces Partial Redemption of Depositary Shares Representing Series A Preferred Shares

Mon Mar 11, 2013 10:31am EDT

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link


COLUMBUS, Ohio,  March 11, 2013  /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO)
announced today that it will redeem 2 million of its outstanding depositary
shares (NYSE:MHO-PrA), each representing 1/1,000th  of a Series A Preferred
Share of M/I Homes (the "Depositary Shares") on  April 10, 2013  at a redemption
price of  $25  per Depositary Share plus an amount equal to the amount of the
accrued and unpaid dividends thereon (whether or not earned or declared) from 
March 15, 2013  to (but excluding)  April 10, 2013.  For holders of Depositary
Shares through the Depositary Trust Company ("DTC") or a broker, the Depositary
Shares will be selected for redemption in accordance with DTC's or their
broker's procedures.   

On and after the redemption date, the Depositary Shares that are redeemed will
no longer be deemed outstanding, dividends on such Depositary Shares will cease
to accrue and all rights of the holders of such Depositary Shares will cease,
except for the right to receive the redemption price without interest. 
Following the redemption, 2 million Depositary Shares will remain outstanding.

The notice of redemption will be mailed to the registered holders of Depositary
Shares on or about  March 11, 2013.  Questions relating to, and requests for
additional copies of, the notice of redemption and related materials should be
directed to the redemption agent, Computershare Trust Company, c/o Voluntary
Corporate Actions, at 250 Royall Street, Suite V,  Canton, MA  02021 or via
telephone at 1-800-546-5141.   

M/I Homes, Inc. is one of the nation's leading builders of single-family homes,
having delivered over 83,000 homes.  The Company's homes are marketed and sold
under the trade names M/I Homes, Showcase Homes, and Triumph Homes.  The Company
has homebuilding operations in  Columbus  and  Cincinnati, Ohio;  Chicago,
Illinois;  Indianapolis, Indiana;  Tampa  and  Orlando, Florida;  Houston, 
Austin  and  San Antonio, Texas;  Charlotte  and  Raleigh, North Carolina; and
the  Virginia  and  Maryland  suburbs of  Washington, D.C.

Certain statements in this press release are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. Words such
as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans,"
"believes," "seeks," "estimates," variations of such words and similar
expressions are intended to identify such forward-looking statements. These
statements involve a number of risks and uncertainties. Any forward-looking
statements that we make herein and in future reports and statements are not
guarantees of future performance, and actual results may differ materially from
those in such forward-looking statements as a result of various factors,
including, without limitation, factors relating to the economic environment,
interest rates, availability of resources, competition, market concentration,
land development activities and various governmental rules and regulations, as
more fully discussed in the Risk Factors section in the Company's Annual Report
on Form 10-K for the year ended December 31, 2012, as the same may be updated
from time to time in our subsequent filings with the Securities and Exchange
Commission. All forward-looking statements made in this press release are made
as of the date hereof, and the risk that actual results will differ materially
from expectations expressed in this press release will increase with the passage
of time. The Company undertakes no duty to publicly update any forward-looking
statements, whether as a result of new information, future events or otherwise.
However, any further disclosures made on related subjects in our subsequent
filings, releases or presentations should be consulted.

SOURCE  M/I Homes, Inc.

Phillip G. Creek, Executive Vice President, Chief Financial Officer,
+1-614-418-8011, Ann Marie W. Hunker, Vice President, Controller,
+1-614-418-8225, or Kevin C. Hake, Senior Vice President, Treasurer,
+1-614-418-8227, all of M/I Homes, Inc.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.