8-K
UMH PROPERTIES, INC. (UMH)
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
Dateof Report (Date of earliest event reported): January 25, 2023
UMHProperties, 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’stelephone number, including area code: (732) 577-9997
NotApplicable
(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<br>pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material<br>pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br>communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br>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<br> of each class | Trading<br> Symbol(s) | Name<br> of exchange on which registered |
|---|---|---|
| Common<br> Stock, $.10 par value | UMH | New<br> York Stock Exchange |
| 6.375%<br> Series D Cumulative Redeemable Preferred Stock, $.10 par value | UMH<br> PRD | New<br> 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, 2023, the Company issued a press release announcing the tax treatment for 2022 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, 2023 |
|---|---|
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| 2 |
| --- |
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:<br> January 26, 2023 | By: | /s/ Anna T. Chew |
| Name: | Anna T. Chew | |
| Vice<br>President and Chief Financial Officer |
| 3 |
| --- |
Exhibit99
UMHPROPERTIES, INC.
Juniper Business Plaza
3499 Route 9 North, Suite 3-C
Freehold, NJ 07728
(732) 577-9997
Fax: (732) 577-9980
| Date: January 25, 2023 |
|---|
| Contact: Nelli Madden |
| 732-577-9997 |
UMHPROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2022 DISTRIBUTIONS
FREEHOLD,NJ, JANUARY 25, 2023……UMH Properties, Inc. (NYSE:UMH) today announced the tax treatment of its 2022 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, 2022.
Common- CUSIP 903002103
| Shown<br> as Dollars () | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payment<br> Date | Non-Qualifying<br> Ord. Income (1a) | Total<br> Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | ||||||
| 3/15/22 | 0.20 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.20 | $ | 0.00 |
| 6/15/22 | 0.20 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.20 | $ | 0.00 |
| 9/15/22 | 0.20 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.20 | $ | 0.00 |
| 12/15/22 | 0.20 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.20 | $ | 0.00 |
| TOTAL | 0.80 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.80 | $ | 0.00 |
All values are in US Dollars.
| Shown<br> as a Percentage (%) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payment<br> Date | Distributions<br> Per Share | Non-Qualifying<br> Ord. Income (1a) | Total<br> Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | |||||||||||
| 3/15/22 | $ | 0.20 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | |||||
| 6/15/22 | $ | 0.20 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | |||||
| 9/15/22 | $ | 0.20 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | |||||
| 12/15/22 | $ | 0.20 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | |||||
| TOTAL | $ | 0.80 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % |
ANYSE Company: Symbol - UMH
since1968
| Page | **2** |
| --- |
6.75%Series C Cumulative Redeemable Preferred - CUSIP 903002400
| Shown<br> as Dollars () | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payment<br> Date | Non-Qualifying<br> Ord. Income (1a) | Total<br> Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | ||||||
| 3/15/22 | 0.421875 | $ | 0.165476 | $ | 0.00 | $ | 0.00 | $ | 0.256399 | $ | 0.165476 |
| 6/15/22 | 0.421875 | $ | 0.165476 | $ | 0.00 | $ | 0.00 | $ | 0.256399 | $ | 0.165476 |
| 9/15/22 | 0.257800 | $ | 0.101119 | $ | 0.00 | $ | 0.00 | $ | 0.156681 | $ | 0.101119 |
| 12/15/22 | - | - | - | - | - | - | |||||
| TOTAL | 1.101550 | $ | 0.432071 | $ | 0.00 | $ | 0.00 | $ | 0.669479 | $ | 0.432071 |
All values are in US Dollars.
| Shown<br> as a Percentage (%) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payment<br> Date | Distributions<br> Per Share | Non-Qualifying<br> Ord. Income (1a) | Total<br> Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | |||||||||||
| 3/15/22 | $ | 0.421875 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | |||||
| 6/15/22 | $ | 0.421875 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | |||||
| 9/15/22 | $ | 0.257800 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | |||||
| 12/15/22 | - | - | - | - | - | - | |||||||||||
| TOTAL | $ | 1.101550 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % |
6.375%Series D Cumulative Redeemable Preferred - CUSIP 903002509
| Shown<br> as Dollars () | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payment<br> Date | Non-Qualifying<br> Ord. Income (1a) | Total<br> Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | ||||||
| 3/15/22 | 0.398438 | $ | 0.156283 | $ | 0.00 | $ | 0.00 | $ | 0.242155 | $ | 0.156283 |
| 6/15/22 | 0.398438 | $ | 0.156283 | $ | 0.00 | $ | 0.00 | $ | 0.242155 | $ | 0.156283 |
| 9/15/22 | 0.398438 | $ | 0.156283 | $ | 0.00 | $ | 0.00 | $ | 0.242155 | $ | 0.156283 |
| 12/15/22 | 0.398438 | $ | 0.156283 | $ | 0.00 | $ | 0.00 | $ | 0.242155 | $ | 0.156283 |
| TOTAL | 1.593752 | $ | 0.625132 | $ | 0.00 | $ | 0.00 | $ | 0.968620 | $ | 0.625132 |
All values are in US Dollars.
| Shown<br> as a Percentage (%) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payment<br> Date | Distributions<br> Per Share | Non-Qualifying<br> Ord. Income (1a) | Total<br> Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | |||||||||||
| 3/15/22 | $ | 0.398438 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | |||||
| 6/15/22 | $ | 0.398438 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | |||||
| 9/15/22 | $ | 0.398438 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | |||||
| 12/15/22 | $ | 0.398438 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | |||||
| TOTAL | $ | 1.593752 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % |
**NOTE:**Section 199A Dividends (Box 5) is a subset of, and is included in, the Total Non-Qualifying Ordinary Income reported in Box 1a.
ANYSE Company: Symbol - UMH
since1968
| Page | **3** |
| --- |
DIVIDENDREINVESTMENT PLAN DISCOUNTS
Common- CUSIP 903002103
| DISCOUNT<br> DATE | FAIR<br> MARKET VALUE () | DISCOUNT<br> PRICE () | DISCOUNT<br> ON D/R () |
|---|---|---|---|
| 1/18/2022 | |||
| 2/15/2022 | |||
| 3/15/2022 | |||
| 4/18/2022 | |||
| 5/16/2022 | |||
| 6/15/2022 | |||
| 7/15/2022 | |||
| 8/15/2022 | |||
| 9/15/2022 | |||
| 10/17/2022 | |||
| 11/15/2022 | |||
| 12/15/2022 |
All values are in US Dollars.
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 25,700 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.
ANYSE Company: Symbol - UMH
since1968