IPO - UMH PROPERTIES, INC.
Form Type: 424B5
Filing Date: 2025-03-05
Corporate Action: Ipo
Type: New
Accession Number: 000114036125007225
Filing Summary: UMH Properties, Inc. is offering up to $100 million of its 6.375% Series D Cumulative Redeemable Preferred Stock, with a liquidation preference of $25.00 per share. The offering is facilitated through a sales agreement with B. Riley Securities, Inc. The shares will form a single series with existing Series D Preferred Stock and will have identical terms, allowing shareholders to vote on related matters. Holders are entitled to cumulative annual dividends of $1.59375 per share, payable quarterly. As of March 4, 2025, 12,872,153 shares of Series D Preferred Stock are outstanding. The series is listed on the NYSE under the symbol 'UMH PRD'. Investors should note the risks outlined in the accompanying prospectus regarding market conditions, competition, and regulatory aspects affecting the company's operations and securities.
Document Link: View Document
Additional details:
Sales Agreement Date: 2025-03-05
Max Aggregate Sales Price: 100000000
Dividend Rate: 6.375%
Liquidation Preference: 25.00
Cumulative Dividend Per Share: 1.59375
Total Outstanding Series D Shares: 12872153
Listing Exchange: NYSE
Ticker Symbol: UMH PRD
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