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Stock impact report

UMH Properties, Inc. Prices Public Offering of 3,600,000 Shares 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 25, 2019 /PRNewswire/ -- UMH Properties, Inc. (NYSE: UMH) today announced the pricing of an underwritten public offering of 3,600,000 shares of its 6.75% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") at an offering price of $25.00 per share.  The Company has granted the underwriters a 30-day over-allotment option to purchase up to an additional 400,000 shares of Series C Preferred Stock. 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 and will rank on a parity with the Company's outstanding 8.0% Series B Cumulative Redeemable Preferred Stock and its outstanding 6.375% Series D Cumulative Redeemable Preferred Stock.  After giving effect to the offering, the Company will have a total of 9,350,000 shares of Series C Preferred Stock outstanding (9,750, Show less Read more
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