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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Saturday, March 28, 3:57 PM

Slide #223. UMH Properties, Inc. Preferred Stock Offering

Company: UMH Properties, Inc. (NYSE:UMH)
Date announced: 10/16/2015
Shares Offered: 1,801,200
Date of Pricing: 10/16/2015
Price Per Share: $25.00
Preferred Stock Offering Details: UMH Properties, Inc. (NYSE: UMH) (the "Company") announced the pricing of a registered direct placement of 1,801,200 shares of its 8.0% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") at an offering price of $25.00 per share. The Series B Preferred Stock is a new series of Preferred Stock which will rank on a parity with the Company's outstanding 8.25% Series A Preferred Stock (the "Series A Preferred Stock"), of which 3,663,800 shares are currently outstanding. The Company has applied to list the shares of Series B Preferred Stock on The New York Stock Exchange. The Series B Preferred Stock will have a $25.00 liquidation value per share.

UMH Properties is a self-administered and self-managed qualified real estate investment trust (REIT). Co.'s primary business is the ownership and operation of manufactured home communities, which includes leasing manufactured home spaces on an annual or month-to-month basis to residential manufactured home owners. Co. also leases homes to residents, and through its wholly-owned REIT subsidiary, UMH Sales and Finance, Inc., sells and finances homes to residents and prospective residents of its communities. Co. also owns a portfolio of REIT securities. Co. owns and operates home communities located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.


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Name:  UMH Properties Inc
Sector:  REITs
Number of ETFs Holding UMH:  20 (see which ones)
Total Market Value Held by ETFs:  $52,379,736
Total Market Capitalization:  $400,000,000
% of Market Cap. Held by ETFs:  13.09%

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