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 15, 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 15, 2020, the Company issued a press release announcing the declaration of quarterly dividends on the common and preferred stock.
| Item 9.01 | Financial Statements and Exhibits. |
|---|
(d) Exhibits.
| 99 | Press Release dated January 15, 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 15, 2020 | By: | /s/ Anna T. Chew |
| Name: | Anna<br> T. Chew<br><br> <br>Vice<br>President and Chief Financial Officer |
| 3 |
| --- |
Exhibit99
UMH PROPERTIES, 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 15, 2020<br><br> <br>**** |
|---|---|
| Contact: Nelli Madden<br><br> <br>732-577-9997 |
UMHPROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS
FREEHOLD,NJ, January 15, 2020…...........On January 15, 2020, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend on the Company’s Common Stock of $0.18 per share payable March 16, 2020, to shareholders of record at the close of business on February 18, 2020. The Company’s annual dividend rate on its Common Stock is $0.72 per share.
Also, on January 15, 2020, the Board of Directors declared a quarterly dividend of $0.50 per share for the period from December 1, 2019 through February 29, 2020, on the Company’s 8.0% Series B Cumulative Redeemable Preferred Stock payable March 16, 2020, to shareholders of record at the close of business on February 18, 2020. Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $2.00 per share.
In addition, on January 15, 2020, the Board of Directors declared a quarterly dividend of $0.421875 per share for the period from December 1, 2019 through February 29, 2020, on the Company’s 6.75% Series C Cumulative Redeemable Preferred Stock payable March 16, 2020, to shareholders of record at the close of business on February 18, 2020. Series C preferred share dividends are cumulative and payable quarterly at an annual rate of $1.6875 per share.
Furthermore, on January 15, 2020, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from December 1, 2019 through February 29, 2020, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable March 16, 2020, to shareholders of record at the close of business on February 18, 2020. Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 122 manufactured home communities containing 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.
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A NYSE Company: Symbol- UMH
since 1968