EX-99 2 ex99.htm

 

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.

 

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A NYSE Company: Symbol - UMH

 

 

since 1968