false 0000752642 0000752642 2024-01-25 2024-01-25 0000752642 UMH:CommonStock0.10ParValueMember 2024-01-25 2024-01-25 0000752642 UMH:Sec6.375SeriesDCumulativeRedeemablePreferredStock0.10ParValueMember 2024-01-25 2024-01-25 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 25, 2024

 

 

 

UMH Properties, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Maryland   001-12690   22-1890929
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

 Juniper Business Plaza, 3499 Route 9 North, Suite 3-C, Freehold, NJ   07728
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (732) 577-9997

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of exchange on which registered
Common Stock, $0.10 par value   UMH   New York Stock Exchange
6.375% Series D Cumulative Redeemable Preferred Stock, $0.10 par value   UMH PRD   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 7.01 Regulation FD Disclosure.

 

On January 25, 2024, the Company issued a press release announcing the tax treatment for 2023 distributions.

 

The information being furnished pursuant to this Item 7.01, including Exhibits 99 to this report, shall not be deemed “filed” for any purpose, including for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section. The information in this report, including Exhibits 99, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, unless specifically incorporated by reference into any such filing. This report will not be deemed an admission as to the materiality of any information in this report that is required to be disclosed solely by Regulation FD.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

  99 Press Release dated January 25, 2024
     
  104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  UMH Properties, Inc.
     
Date: January 26, 2024 By: /s/ Anna T. Chew
  Name:

Anna T. Chew

Vice President and Chief Financial Officer

 

 

 

 

Exhibit 99

 

UMH PROPERTIES, INC.

Juniper Business Plaza

3499 Route 9 North, Suite 3-C

Freehold, NJ 07728

(732) 577-9997

Fax: (732) 577-9980

 

  Date: January 25, 2024
   
  Contact: Nelli Madden
                  732-577-9997

 

UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2023 DISTRIBUTIONS

 

FREEHOLD, NJ, JANUARY 25, 2024……UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) today announced the tax treatment of its 2023 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of UMH’s common and preferred shares during the calendar year ended December 31, 2023.

 

Common - CUSIP 903002103

 

Shown as Dollars ($)
Payment Date  Distributions Per Share   Non-Qualifying Ord. Income (1a)   Total Long-Term Capital Gain (2a)  

Unrecaptured Sec. 1250 Gain

(2b)

   Return of Capital (3)   Section 199A Dividends (5) 
3/15/23  $0.205   $0.055639   $0.00   $0.00   $0.149361   $0.055639 
6/15/23  $0.205   $0.055639   $0.00   $0.00   $0.149361   $0.055639 
9/15/23  $0.205   $0.055639   $0.00   $      0.00   $0.149361   $0.055639 
12/15/23  $0.205   $0.055639   $0.00   $0.00   $0.149361   $0.055639 
TOTAL  $0.820   $0.222556   $0.00   $0.00   $0.597444   $0.222556 

 

Shown as a Percentage (%)
Payment Date  Distributions Per Share   Non-Qualifying Ord. Income (1a)   Total Long-Term Capital Gain (2a)  

Unrecaptured Sec. 1250 Gain

(2b)

   Return of Capital (3)   Section 199A Dividends (5) 
3/15/23  $0.205    27.140886%   0%    0%   72.859114%   27.140886%
6/15/23  $0.205    27.140886%       0%   0%   72.859114%   27.140886%
9/15/23  $0.205    27.140886%   0%   0%   72.859114%   27.140886%
12/15/23  $0.205    27.140886%   0%   0%   72.859114%   27.140886%
TOTAL  $0.820    27.140886%   0%   0%   72.859114%   27.140886%

 

A NYSE Company: Symbol - UMH

 

 

since 1968

 

 
Page | 1

 

6.375% Series D Cumulative Redeemable Preferred - CUSIP 903002509

 

Shown as Dollars ($)
Payment Date  Distributions Per Share   Non-Qualifying Ord. Income (1a)   Total Long-Term Capital Gain (2a)  

Unrecaptured Sec. 1250 Gain

(2b)

   Return of Capital (3)   Section 199A Dividends (5) 
3/15/23  $0.3984375   $0.3984375   $0.00   $0.00   $0.00   $0.3984375 
6/15/23  $0.3984375   $0.3984375   $0.00   $0.00   $0.00   $0.3984375 
9/15/23  $0.3984375   $0.3984375   $0.00   $0.00   $0.00   $0.3984375 
12/15/23  $0.3984375   $0.3984375   $0.00   $0.00   $0.00   $0.3984375 
TOTAL  $1.593750   $1.593750   $0.00   $0.00   $0.00   $1.593750 

 

Shown as a Percentage (%)
Payment Date  Distributions Per Share   Non-Qualifying Ord. Income (1a)   Total Long-Term Capital Gain (2a)  

Unrecaptured Sec. 1250 Gain

(2b)

   Return of Capital (3)   Section 199A Dividends (5) 
3/15/23  $0.3984375    100%   0%           0%   0%   100%
6/15/23  $0.3984375    100%    0%   0%   0%   100%
9/15/23  $0.3984375    100%   0%   0%   0%   100%
12/15/23  $0.3984375    100%   0%   0%   0%   100%
TOTAL  $1.593750    100%   0%   0%   0%   100%

 

NOTE: Section 199A Dividends (Box 5) is a subset of, and is included in, the Total Non-Qualifying Ordinary Income reported in Box 1a.

 

DIVIDEND REINVESTMENT PLAN DISCOUNTS

Common - CUSIP 903002103

 

DISCOUNT DATE  FAIR MARKET VALUE ($)   DISCOUNT PRICE ($)   DISCOUNT ON D/R ($) 
1/17/2023   17.105    16.250    0.855 
2/15/2023   17.995    17.250    0.745 
3/15/2023   14.745    14.250    0.495 
4/17/2023   14.750    14.125    0.625 
5/15/2023   15.790    15.125    0.665 
6/15/2023   16.130    15.375    0.755 
7/17/2023   16.335    15.625    0.710 
8/15/2023   15.400    15.000    0.400 
9/15/2023   14.605    14.000    0.605 
10/16/2023   14.280    13.625    0.655 
11/15/2023   14.515    13.875    0.640 
12/15/2023   15.180    14.500    0.680 

 

Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.

 

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia. UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate.

 

#####

 

A NYSE Company: Symbol - UMH

 

 

since 1968

 

 

 

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Jan. 25, 2024
Document Type 8-K
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Document Period End Date Jan. 25, 2024
Entity File Number 001-12690
Entity Registrant Name UMH Properties, Inc.
Entity Central Index Key 0000752642
Entity Tax Identification Number 22-1890929
Entity Incorporation, State or Country Code MD
Entity Address, Address Line One Juniper Business Plaza
Entity Address, Address Line Two 3499 Route 9 North
Entity Address, Address Line Three Suite 3-C
Entity Address, City or Town Freehold
Entity Address, State or Province NJ
Entity Address, Postal Zip Code 07728
City Area Code (732)
Local Phone Number 577-9997
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Common Stock, $0.10 par value  
Title of 12(b) Security Common Stock, $0.10 par value
Trading Symbol UMH
Security Exchange Name NYSE
6.375% Series D Cumulative Redeemable Preferred Stock, $0.10 par value  
Title of 12(b) Security 6.375% Series D Cumulative Redeemable Preferred Stock, $0.10 par value
Trading Symbol UMH PRD
Security Exchange Name NYSE
UMH Properties (NYSE:UMH-D)
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