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Stock impact report

UMH PROPERTIES, INC. ANNOUNCES DISCONTINUANCE OF WAIVER GRANTS UNDER THE DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN

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: GlobeNewswire
FREEHOLD, NJ, Aug. 14, 2019 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) today announced that as of August 16, 2019, the Company will not be granting waivers to the $1,000 monthly maximum for the purchase of shares for cash under its Dividend Reinvestment and Stock Purchase Plan. Mr. Samuel A. Landy, President and Chief Executive Officer, commented, “Because we believe that the Company’s current stock price is undervalued, and in light of the Company’s strong operating performance and our confidence in our business going forward, the Board of Directors and management have determined that it is in the best interest of our shareholders to no longer grant waivers to the $1,000 monthly maximum, until further notice.” UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 121 manufactured home communities with approximately 22,600 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Show less Read more
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