8-K
Umh Properties, Inc. (UMH)
UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM8-K
CURRENTREPORT
Pursuantto Section 13 or 15(d) of The Securities Exchange Act of 1934
Dateof Report (Date of earliest event reported): January 30, 2020
UMHProperties, Inc.
(Exact name of registrant as specified in its charter)
| Maryland | 001-12690 | 22-1890929 |
|---|---|---|
| (State<br> or other jurisdiction | (Commission | (IRS<br> Employer |
| of<br> incorporation) | File<br> Number) | Identification<br> No.) |
| Juniper Business Plaza, 3499 Route 9 North, Suite 3-C, Freehold, NJ | 07728 | |
| --- | --- | |
| (Address<br> of principal executive offices) | (Zip<br> Code) |
Registrant’s telephone 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<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| [ ] | Soliciting<br> material 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 |
| 8.0%<br> Series B Cumulative Redeemable Preferred Stock, $.10 par value | UMH<br> PRB | New<br> York Stock Exchange |
| 6.75%<br> Series C Cumulative Redeemable Preferred Stock, $.10 par value | UMH<br> PRC | 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 30, 2020, the Company issued a press release announcing the tax treatment for 2019 distributions.
| Item 9.01 | Financial Statements and Exhibits. |
|---|
(d) Exhibits.
| 99 | Press Release dated January 30, 2020 |
|---|
| 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 30, 2020 | By: | /s/ Anna T. Chew |
| Name: | Anna<br> T. Chew<br><br> <br>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
| FOR IMMEDIATE RELEASE | January 30, 2020 |
|---|---|
| Contact: Nelli Madden | |
| 732-577-9997 |
UMHPROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2019 DISTRIBUTIONS
FREEHOLD,NJ, JANUARY 30, 2020……UMH Properties, Inc. (NYSE:UMH) today announced the tax treatment of its 2019 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, 2019.
Common- CUSIP 903002103
| Shown<br> as Dollars () | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payment<br> Date | Non-Qualifying<br> Ord. Income (1a) | Total Long-<br> Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | |||||||||||
| 3/15/19 | 0.18 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.18 | $ | 0.00 | |||||
| 6/17/19 | 0.18 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.18 | $ | 0.00 | |||||
| 9/16/19 | 0.18 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.18 | $ | 0.00 | |||||
| 12/16/19 | 0.18 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.18 | $ | 0.00 | |||||
| TOTAL | 0.72 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.72 | $ | 0.00 | |||||
| Shown<br> as a Percentage (%) | ||||||||||||||||
| Payment<br> Date | Non-Qualifying<br> Ord. Income<br><br> <br>(1a) | Total Long-<br> Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | |||||||||||
| 3/15/19 | 0.18 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | |||||
| 6/17/19 | 0.18 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | |||||
| 9/16/19 | 0.18 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | |||||
| 12/16/19 | 0.18 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | |||||
| TOTAL | 0.72 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % |
All values are in US Dollars.
ANYSE Company: Symbol - UMH
since1968
| Page | 2 |
| --- |
8.0%Series B Cumulative Redeemable Preferred - CUSIP 903002301
| Shown<br> as Dollars () | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payment<br> Date | Non-Qualifying<br> Ord. Income<br><br> <br>(1a) | Total Long-<br> Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | |||||||||||
| 3/15/19 | 0.500000 | $ | 0.296190 | $ | 0.013485 | $ | 0.00 | $ | 0.190325 | $ | 0.296190 | |||||
| 6/17/19 | 0.500000 | $ | 0.296190 | $ | 0.013485 | $ | 0.00 | $ | 0.190325 | $ | 0.296190 | |||||
| 9/16/19 | 0.500000 | $ | 0.296190 | $ | 0.013485 | $ | 0.00 | $ | 0.190325 | $ | 0.296190 | |||||
| 12/16/19 | 0.500000 | $ | 0.296190 | $ | 0.013485 | $ | 0.00 | $ | 0.190325 | $ | 0.296190 | |||||
| TOTAL | 2.000000 | $ | 1.184760 | $ | 0.053940 | $ | 0.00 | $ | 0.761300 | $ | 1.184760 | |||||
| Shown<br> as a Percentage (%) | ||||||||||||||||
| Payment<br> Date | Non-Qualifying<br> Ord. Income<br><br> <br>(1a) | Total Long-<br> Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | |||||||||||
| 3/15/19 | 0.500000 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % | |||||
| 6/17/19 | 0.500000 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % | |||||
| 9/16/19 | 0.500000 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % | |||||
| 12/16/19 | 0.500000 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % | |||||
| TOTAL | 2.000000 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % |
All values are in US Dollars.
6.75%Series C Cumulative Redeemable Preferred - CUSIP 903002400
| Shown<br> as Dollars () | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payment<br> Date | Non-Qualifying<br> Ord. Income<br><br> <br>(1a) | Total Long-<br><br> <br>Term<br> Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | ||||||
| 3/15/19 | 0.421875 | $ | 0.249910 | $ | 0.011377 | $ | 0.00 | $ | 0.160588 | $ | 0.249910 |
| 6/17/19 | 0.421875 | $ | 0.249910 | $ | 0.011377 | $ | 0.00 | $ | 0.160588 | $ | 0.249910 |
| 9/16/19 | 0.421875 | $ | 0.249910 | $ | 0.011377 | $ | 0.00 | $ | 0.160588 | $ | 0.249910 |
| 12/16/19 | 0.421875 | $ | 0.249910 | $ | 0.011377 | $ | 0.00 | $ | 0.160588 | $ | 0.249910 |
| TOTAL | 1.687500 | $ | 0.999640 | $ | 0.045508 | $ | 0.00 | $ | 0.642352 | $ | 0.999640 |
All values are in US Dollars.
| Shown<br> as a Percentage (%) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payment<br> Date | Distributions<br> Per Share | Non-Qualifying<br> Ord. Income<br><br> <br>(1a) | Total Long-<br><br> <br>Term<br> Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | |||||||||||
| 3/15/19 | $ | 0.421875 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % | |||||
| 6/17/19 | $ | 0.421875 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % | |||||
| 9/16/19 | $ | 0.421875 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % | |||||
| 12/16/19 | $ | 0.421875 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % | |||||
| TOTAL | $ | 1.687500 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % |
A NYSE Company: Symbol - UMH
since1968
| Page | 3 |
| --- |
6.375%Series D Cumulative Redeemable Preferred - CUSIP 903002509
| Shown<br> as Dollars () | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payment<br> Date | Non-Qualifying<br> Ord. Income (1a) | Total Long-<br><br> <br>Term<br> Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | ||||||
| 3/15/19 | 0.3984375 | $ | 0.236025 | $ | 0.010745 | $ | 0.00 | $ | 0.1516675 | $ | 0.236025 |
| 6/17/19 | 0.3984375 | $ | 0.236025 | $ | 0.010745 | $ | 0.00 | $ | 0.1516675 | $ | 0.236025 |
| 9/16/19 | 0.3984375 | $ | 0.236025 | $ | 0.010745 | $ | 0.00 | $ | 0.1516675 | $ | 0.236025 |
| 12/16/19 | 0.3984375 | $ | 0.236025 | $ | 0.010745 | $ | 0.00 | $ | 0.1516675 | $ | 0.236025 |
| TOTAL | 1.5937500 | $ | 0.944100 | $ | 0.042980 | $ | 0.00 | $ | 0.6066700 | $ | 0.944100 |
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 Long-<br><br> <br>Term<br> Capital Gain (2a) | Unrecaptured Sec. 1250 Gain<br> <br>(2b) | Return<br> of Capital (3) | Section<br> 199A Dividends (5) | |||||||||||
| 3/15/19 | $ | 0.3984375 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % | |||||
| 6/17/19 | $ | 0.3984375 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % | |||||
| 9/16/19 | $ | 0.3984375 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % | |||||
| 12/16/19 | $ | 0.3984375 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % | |||||
| TOTAL | $ | 1.5937500 | 59.237944 | % | 2.696796 | % | 0 | % | 38.065260 | % | 59.237944 | % |
**NOTE:**Unrecaptured Section 1250 Gain (Box 2b) is a subset of, and is included in, the Total Capital Gain Distributions reported in Box 2a. Section 199A Dividends (Box 5) is a subset of, and is included in, the Total Non-Qualifying Ordinary Income reported in Box 1a.
DIVIDENDREINVESTMENT PLAN DISCOUNTS
Common- CUSIP 903002103
| DISCOUNT<br> DATE | FAIR<br> MARKET VALUE () | DISCOUNT<br> PRICE () | DISCOUNT<br> ON D/R () |
|---|---|---|---|
| 1/15/2019 | |||
| 2/15/2019 | |||
| 3/15/2019 | |||
| 4/15/2019 | |||
| 5/15/2019 | |||
| 6/17/2019 | |||
| 7/15/2019 | |||
| 8/15/2019 | |||
| 9/16/2019 | |||
| 10/15/2019 | |||
| 11/15/2019 | |||
| 12/16/2019 |
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 122 manufactured home communities with approximately 23,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. In addition, the Company owns a portfolio of REIT securities.
A NYSE Company: Symbol - UMH
since1968