UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 7.01 | Regulation FD Disclosure. |
On January 25, 2023, the Company issued a press release announcing the tax treatment for 2022 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 25, 2023 |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: January 26, 2023 | By: | /s/ Anna T. Chew |
Name: | Anna T. Chew | |
Vice President and Chief Financial Officer |
3 |
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 25, 2023 | ||
Contact: Nelli Madden | ||
732-577-9997 |
UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2022 DISTRIBUTIONS
FREEHOLD, NJ, JANUARY 25, 2023……UMH Properties, Inc. (NYSE:UMH) today announced the tax treatment of its 2022 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, 2022.
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) | ||||||||||||||||||
3/15/22 | $ | 0.20 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.20 | $ | 0.00 | ||||||||||||
6/15/22 | $ | 0.20 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.20 | $ | 0.00 | ||||||||||||
9/15/22 | $ | 0.20 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.20 | $ | 0.00 | ||||||||||||
12/15/22 | $ | 0.20 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.20 | $ | 0.00 | ||||||||||||
TOTAL | $ | 0.80 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.80 | $ | 0.00 |
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) | ||||||||||||||||||
3/15/22 | $ | 0.20 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | ||||||||||||
6/15/22 | $ | 0.20 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | ||||||||||||
9/15/22 | $ | 0.20 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | ||||||||||||
12/15/22 | $ | 0.20 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | ||||||||||||
TOTAL | $ | 0.80 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % |
A NYSE Company: Symbol - UMH
since 1968
Page | 2 |
6.75% Series C Cumulative Redeemable Preferred - CUSIP 903002400
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) | ||||||||||||||||||
3/15/22 | $ | 0.421875 | $ | 0.165476 | $ | 0.00 | $ | 0.00 | $ | 0.256399 | $ | 0.165476 | ||||||||||||
6/15/22 | $ | 0.421875 | $ | 0.165476 | $ | 0.00 | $ | 0.00 | $ | 0.256399 | $ | 0.165476 | ||||||||||||
9/15/22 | $ | 0.257800 | $ | 0.101119 | $ | 0.00 | $ | 0.00 | $ | 0.156681 | $ | 0.101119 | ||||||||||||
12/15/22 | - | - | - | - | - | - | ||||||||||||||||||
TOTAL | $ | 1.101550 | $ | 0.432071 | $ | 0.00 | $ | 0.00 | $ | 0.669479 | $ | 0.432071 |
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) | ||||||||||||||||||
3/15/22 | $ | 0.421875 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | ||||||||||||
6/15/22 | $ | 0.421875 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | ||||||||||||
9/15/22 | $ | 0.257800 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | ||||||||||||
12/15/22 | - | - | - | - | - | - | ||||||||||||||||||
TOTAL | $ | 1.101550 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % |
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) | ||||||||||||||||||
3/15/22 | $ | 0.398438 | $ | 0.156283 | $ | 0.00 | $ | 0.00 | $ | 0.242155 | $ | 0.156283 | ||||||||||||
6/15/22 | $ | 0.398438 | $ | 0.156283 | $ | 0.00 | $ | 0.00 | $ | 0.242155 | $ | 0.156283 | ||||||||||||
9/15/22 | $ | 0.398438 | $ | 0.156283 | $ | 0.00 | $ | 0.00 | $ | 0.242155 | $ | 0.156283 | ||||||||||||
12/15/22 | $ | 0.398438 | $ | 0.156283 | $ | 0.00 | $ | 0.00 | $ | 0.242155 | $ | 0.156283 | ||||||||||||
TOTAL | $ | 1.593752 | $ | 0.625132 | $ | 0.00 | $ | 0.00 | $ | 0.968620 | $ | 0.625132 |
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) | ||||||||||||||||||
3/15/22 | $ | 0.398438 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | ||||||||||||
6/15/22 | $ | 0.398438 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | ||||||||||||
9/15/22 | $ | 0.398438 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | ||||||||||||
12/15/22 | $ | 0.398438 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % | ||||||||||||
TOTAL | $ | 1.593752 | 39.223963 | % | 0 | % | 0 | % | 60.776037 | % | 39.223963 | % |
NOTE: Section 199A Dividends (Box 5) is a subset of, and is included in, the Total Non-Qualifying Ordinary Income reported in Box 1a.
A NYSE Company: Symbol - UMH
since 1968
Page | 3 |
DIVIDEND REINVESTMENT PLAN DISCOUNTS
Common - CUSIP 903002103
DISCOUNT DATE | FAIR MARKET VALUE ($) | DISCOUNT PRICE ($) | DISCOUNT ON D/R ($) | |||||||||
1/18/2022 | 24.530 | 23.625 | 0.905 | |||||||||
2/15/2022 | 23.005 | 22.125 | 0.880 | |||||||||
3/15/2022 | 24.290 | 23.375 | 0.915 | |||||||||
4/18/2022 | 23.915 | 22.875 | 1.040 | |||||||||
5/16/2022 | 19.445 | 18.500 | 0.945 | |||||||||
6/15/2022 | 17.230 | 16.750 | 0.480 | |||||||||
7/15/2022 | 19.100 | 18.250 | 0.850 | |||||||||
8/15/2022 | 19.675 | 18.750 | 0.925 | |||||||||
9/15/2022 | 18.150 | 17.500 | 0.650 | |||||||||
10/17/2022 | 16.420 | 15.625 | 0.795 | |||||||||
11/15/2022 | 17.485 | 16.875 | 0.610 | |||||||||
12/15/2022 | 16.850 | 16.375 | 0.475 |
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 135 manufactured home communities containing approximately 25,700 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia. UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate.
#####
A NYSE Company: Symbol - UMH
since 1968
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