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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, December 4, 2:18 AM

Slide #311. UMH Properties, Inc. Preferred Stock Offering

Company: UMH Properties, Inc. (NYSE:UMH)
Date announced: 10/16/2015
Shares Offered: 1,801,200
Date of Pricing: 10/16/2015
Price Per Share: $25.00
Preferred Stock Offering Details: UMH Properties, Inc. (NYSE: UMH) (the "Company") announced the pricing of a registered direct placement of 1,801,200 shares of its 8.0% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") at an offering price of $25.00 per share. The Series B Preferred Stock is a new series of Preferred Stock which will rank on a parity with the Company's outstanding 8.25% Series A Preferred Stock (the "Series A Preferred Stock"), of which 3,663,800 shares are currently outstanding. The Company has applied to list the shares of Series B Preferred Stock on The New York Stock Exchange. The Series B Preferred Stock will have a $25.00 liquidation value per share.

UMH Properties is a real estate investment trust. Co.'s primary business is the ownership and operation of manufactured home communities, which includes leasing manufactured homesites to private manufactured home owners. Co. also leases homes to residents, and through its wholly-owned taxable REIT subsidiary, UMH Sales and Finance, Inc., conducts manufactured home sales in its communities. Co. owns and operates manufactured home communities located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. A manufactured home community is designed to accommodate detached, single-family manufactured homes.

Preferreds: UMH.PRA, UMH.PRB, UMH.PRC, UMH.PRD


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Name: 
UMH Properties Inc
Website: 
www.umh.reit
Sector: 
REITs
Number of ETFs Holding UMH: 
31 (see which ones)
Total Market Value Held by ETFs: 
$135,483,053.6
Total Market Capitalization: 
$1,131,000,000
% of Market Cap. Held by ETFs: 
11.98%
 

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