EX-99 2 ex99.htm

 

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 | 2

 

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 | 3

 

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