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UMH PROPERTIES, INC. Capital/Financing Update 2020

Aug 21, 2020

32035_rns_2020-08-21_201aad0f-dbf4-42c9-b344-83637df7ff04.zip

Capital/Financing Update

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 20, 2020

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UMH Properties, Inc.

(Exact name of registrant as specified in its charter)

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Maryland 001-12690 22-1890929
(State
or other jurisdiction (Commission (IRS
Employer
of
incorporation) File
Number) Identification
No.)

| Juniper
Business Plaza , 3499 Route 9 North , Suite 3-C , Freehold , NJ | 07728 |
| --- | --- |
| (Address
of principal executive offices) | (Zip
Code) |

Registrant’s telephone number, including area code: (732) 577-9997

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| --- | --- |
| ☐ | Soliciting
material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |

Securities registered pursuant to Section 12(b) of the Act:

| Title
of each class | Trading
Symbol(s) | Name
of exchange on which registered |
| --- | --- | --- |
| Common
Stock, $.10 par value | UMH | New
York Stock Exchange |
| 8.0%
Series B Cumulative Redeemable Preferred Stock, $.10 par value | UMH
PRB | New
York Stock Exchange |
| 6.75%
Series C Cumulative Redeemable Preferred Stock, $.10 par value | UMH
PRC | New
York Stock Exchange |
| 6.375%
Series D Cumulative Redeemable Preferred Stock, $.10 par value | UMH
PRD | New
York Stock Exchange |

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 7.01 Regulation FD Disclosure.

On August 20, 2020, the Company issued a press release announcing that it has completed the financing of 28 of its unencumbered communities through Wells Fargo Bank, N.A for total proceeds of approximately $106 million, with a fixed interest rate of 2.62%.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.
99 Press Release dated August 20, 2020.

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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 . — By: | /s/
Anna T. Chew |
| --- | --- |
| Name: | Anna
T. Chew |
| Title: | Vice
President and |
| | Chief
Financial Officer |

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