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Stock impact report

UMH Properties, Inc. Announces Add-On Offering of 6.75% Series C Cumulative Redeemable Preferred Stock

UMH Properties, Inc. (UMH) 
Last umh properties, inc. earnings: 3/5 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.umh.com
Company Research Source: PR Newswire
FREEHOLD, N.J., April 24, 2019 /PRNewswire/ -- UMH Properties, Inc. (NYSE: UMH) today announced the launch of an underwritten public offering of 2,000,000 shares of the Company's 6.75% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock"), under an existing shelf registration statement. The shares of Series C Preferred Stock being offered will form a single series with, will have the same terms as, and will vote as a single class with, the 5,750,000 outstanding shares of Series C Preferred Stock issued in July 2017. The underwriters are expected to be granted a 30-day over-allotment option to purchase up to an additional 300,000 shares of the Company's Series C Preferred Stock. The Series C Preferred Stock is listed on the New York Stock Exchange under the symbol "UMH PRC."The Company plans to use the net proceeds of the offering for general corporate purposes, which may include the purchase of manufactured homes for sale or lease to customers, expansion of i Show less Read more
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