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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
Date of Report (Date of earliest event reported): January 22, 2025
UMH Properties, Inc.
(Exact name of registrant as specified in its charter)
| Maryland | 001-12690 | 22-1890929 | ||
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| Juniper Business Plaza, 3499 Route 9 North, Suite 3-C, Freehold, NJ | 07728 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (732) 577-9997
Not Applicable
(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 pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement 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 of each class | Trading Symbol(s) | Name of exchange on which registered | ||
| Common Stock, $0.10 par value | UMH | New York Stock Exchange | ||
| 6.375% Series D Cumulative Redeemable Preferred Stock, $0.10 par value | UMH PRD | New 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 22, 2025, the Company issued a press release announcing the tax treatment for 2024 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 22, 2025 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
|
|
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: January 23, 2025 | By: | /s/ Anna T. Chew |
| Name: |
Anna T. Chew |
|
| Executive Vice President and Chief Financial Officer | ||
|
|
Exhibit 99
UMH PROPERTIES, INC.
Juniper Business Plaza
3499 Route 9 North, Suite 3-C
Freehold, NJ 07728
(732) 577-9997
Fax: (732) 577-9980
| Date: | January 22, 2025 | |
| Contact: | Nelli Madden | |
| 732-577-9997 |
UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2024 DISTRIBUTIONS
FREEHOLD, NJ, JANUARY 22, 2025……UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) today announced the tax treatment of its 2024 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, 2024.
Common - CUSIP 903002103
| Shown as Dollars ($) | ||||||||||||||||||||||||
| Payment Date | Distributions Per Share | Non-Qualifying Ord. Income (1a) | Total Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain (2b) |
Return of Capital (3) | Section 199A Dividends (5) | ||||||||||||||||||
| 3/15/24 | $ | 0.205 | $ | 0.040241 | $ | 0.00 | $ | 0.00 | $ | 0.164759 | $ | 0.040241 | ||||||||||||
| 6/17/24 | $ | 0.215 | $ | 0.042204 | $ | 0.00 | $ | 0.00 | $ | 0.172796 | $ | 0.042204 | ||||||||||||
| 9/16/24 | $ | 0.215 | $ | 0.042204 | $ | 0.00 | $ | 0.00 | $ | 0.172796 | $ | 0.042204 | ||||||||||||
| 12/16/24 | $ | 0.215 | $ | 0.042204 | $ | 0.00 | $ | 0.00 | $ | 0.172796 | $ | 0.042204 | ||||||||||||
| TOTAL | $ | 0.850 | $ | 0.166853 | $ | 0.00 | $ | 0.00 | $ | 0.683147 | $ | 0.166853 | ||||||||||||
| Shown as a Percentage (%) | ||||||||||||||||||||||||
| Payment Date | Distributions Per Share | Non-Qualifying Ord. Income (1a) | Total Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain (2b) |
Return of Capital (3) | Section 199A Dividends (5) | ||||||||||||||||||
| 3/15/24 | $ | 0.205 | 19.629887 | % | 0 | % | 0 | % | 80.370113 | % | 19.629887 | % | ||||||||||||
| 6/17/24 | $ | 0.215 | 19.629887 | % | 0 | % | 0 | % | 80.370113 | % | 19.629887 | % | ||||||||||||
| 9/16/24 | $ | 0.215 | 19.629887 | % | 0 | % | 0 | % | 80.370113 | % | 19.629887 | % | ||||||||||||
| 12/16/24 | $ | 0.215 | 19.629887 | % | 0 | % | 0 | % | 80.370113 | % | 19.629887 | % | ||||||||||||
| TOTAL | $ | 0.850 | 19.629887 | % | 0 | % | 0 | % | 80.370113 | % | 19.629887 | % | ||||||||||||
A NYSE Company: Symbol - UMH
since 1968
| P a g e | |
6.375% Series D Cumulative Redeemable Preferred - CUSIP 903002509
| Shown as Dollars ($) | ||||||||||||||||||||||||
| Payment Date | Distributions Per Share | Non-Qualifying Ord. Income (1a) | Total Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain (2b) |
Return of Capital (3) | Section 199A Dividends (5) | ||||||||||||||||||
| 3/15/24 | $ | 0.3984375 | $ | 0.3984375 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.3984375 | ||||||||||||
| 6/17/24 | $ | 0.3984375 | $ | 0.3984375 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.3984375 | ||||||||||||
| 9/16/24 | $ | 0.3984375 | $ | 0.3984375 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.3984375 | ||||||||||||
| 12/16/24 | $ | 0.3984375 | $ | 0.3984375 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.3984375 | ||||||||||||
| TOTAL | $ | 1.593750 | $ | 1.593750 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1.593750 | ||||||||||||
| Shown as a Percentage (%) | ||||||||||||||||||||||||
| Payment Date | Distributions Per Share | Non-Qualifying Ord. Income (1a) | Total Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain (2b) |
Return of Capital (3) | Section 199A Dividends (5) | ||||||||||||||||||
| 3/15/24 | $ | 0.3984375 | 100 | % | 0 | % | 0 | % | 0 | % | 100 | % | ||||||||||||
| 6/17/24 | $ | 0.3984375 | 100 | % | 0 | % | 0 | % | 0 | % | 100 | % | ||||||||||||
| 9/16/24 | $ | 0.3984375 | 100 | % | 0 | % | 0 | % | 0 | % | 100 | % | ||||||||||||
| 12/16/24 | $ | 0.3984375 | 100 | % | 0 | % | 0 | % | 0 | % | 100 | % | ||||||||||||
| TOTAL | $ | 1.593750 | 100 | % | 0 | % | 0 | % | 0 | % | 100 | % | ||||||||||||
NOTE: Section 199A Dividends (Box 5) is a subset of, and is included in, the Total Non-Qualifying Ordinary Income reported in Box 1a.
DIVIDEND REINVESTMENT PLAN DISCOUNTS
Common - CUSIP 903002103
| DISCOUNT DATE | FAIR MARKET VALUE ($) | DISCOUNT PRICE ($) | DISCOUNT ON D/R ($) | |||||||||
| 1/16/2024 | 15.715 | 15.000 | 0.715 | |||||||||
| 2/15/2024 | 14.455 | 13.750 | 0.705 | |||||||||
| 3/15/2024 | 15.655 | 15.125 | 0.530 | |||||||||
| 4/15/2024 | 15.385 | 14.875 | 0.510 | |||||||||
| 5/15/2024 | 16.035 | 15.250 | 0.785 | |||||||||
| 6/17/2024 | 15.400 | 14.750 | 0.650 | |||||||||
| 7/15/2024 | 17.100 | 16.250 | 0.850 | |||||||||
| 8/15/2024 | 19.465 | 18.500 | 0.965 | |||||||||
| 9/16/2024 | 20.415 | 19.500 | 0.915 | |||||||||
| 10/15/2024 | 18.865 | 18.000 | 0.865 | |||||||||
| 11/15/2024 | 19.295 | 18.625 | 0.670 | |||||||||
| 12/16/2024 | 19.390 | 18.500 | 0.890 | |||||||||
A NYSE Company: Symbol - UMH
since 1968
| P a g e | |
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 139 manufactured home communities, containing approximately 26,200 developed homesites, of which 10,300 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 139 communities are two communities in Florida, containing 363 sites that UMH owns and operates through its joint venture with Nuveen Real Estate.
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A NYSE Company: Symbol - UMH
since 1968