IPO - UMH PROPERTIES, INC.

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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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