FREEHOLD, N.J., June 16, 2022 (GLOBE NEWSWIRE) — UMH Properties, Inc. (NYSE:UMH) (the “Company”) today announced that it will redeem all 9,884,000 issued and outstanding shares of its 6.75% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) (CUSIP 903002400) on July 26, 2022 (the “Redemption Date”). The Series C Preferred Stock will be redeemed at a redemption price equal to the $25.00 per share liquidation preference of the Series C Preferred Stock plus accrued and unpaid dividends to, but not including, the Redemption Date in an amount of $0.2578 per share, for a total payment of $25.2578 per share (the “Redemption Price”).
After the Redemption Date, the Series C Preferred Stock will no longer be outstanding and all of the rights of the holders of the Series C Preferred Stock will terminate, except the right to receive the Redemption Price, without interest. Series C Preferred Stock held through the Depository Trust Company will be redeemed in accordance with the applicable procedures of the Depositary Trust Company.
Because all of the issued and outstanding shares of Series C Preferred Stock are being redeemed, trading of the Series C Preferred Stock on the New York Stock Exchange (“NYSE”) will cease after the Redemption Date. The Series C Preferred Stock currently trades on the NYSE under the symbol “UMH.PRC”.
The notice of redemption and related materials are being mailed to holders of record of Series…
