Attached files
| file | filename |
|---|---|
| 8-K - UMH PROPERTIES, INC. | form8-k.htm |
UMH PROPERTIES, INC.
Juniper Business Plaza
3499 Route 9 North, Suite 3-C
Freehold, NJ 07728
(732) 577-9997
Fax: (732) 577-9980
| FOR IMMEDIATE RELEASE | January 29, 2019 | |
| Contact: | Nelli Madden | |
| 732-577-9997 | ||
UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2018 DISTRIBUTIONS
FREEHOLD, NJ, JANUARY 29, 2018……UMH Properties, Inc. (NYSE:UMH) today announced the tax treatment of its 2018 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, 2018.
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) | ||||||||||||||||||
| 3/15/18 | $ | 0.18 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.18 | $ | 0.00 | ||||||||||||
| 6/15/18 | $ | 0.18 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.18 | $ | 0.00 | ||||||||||||
| 9/17/18 | $ | 0.18 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.18 | $ | 0.00 | ||||||||||||
| 12/17/18 | $ | 0.18 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.18 | $ | 0.00 | ||||||||||||
| TOTAL | $ | 0.72 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.72 | $ | 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) | ||||||||||||||||||
| 3/15/18 | $ | 0.18 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | ||||||||||||
| 6/15/18 | $ | 0.18 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | ||||||||||||
| 9/17/18 | $ | 0.18 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | ||||||||||||
| 12/17/18 | $ | 0.18 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | ||||||||||||
| TOTAL | $ | 0.72 | 0 | % | 0 | % | 0 | % | 100 | % | 0 | % | ||||||||||||
A NYSE Company: Symbol - UMH
since 1968
Page | 2
8.0% Series B Cumulative Redeemable Preferred - CUSIP 903002301
| Shown as Dollars ($) | ||||||||||||||||||||||||
| Payment
Date | Distributions Per Share | Non- Qualifying Ord. Income (1a) | Total
Long- Term Capital Gain (2a) | Unrecaptured | Return
of Capital (3) | Section
199A Dividends (5) | ||||||||||||||||||
| 3/15/18 | $ | 0.500000 | $ | 0.322217 | $ | 0.00 | $ | 0.00 | $ | 0.177783 | $ | 0.322217 | ||||||||||||
| 6/15/18 | $ | 0.500000 | $ | 0.322217 | $ | 0.00 | $ | 0.00 | $ | 0.177783 | $ | 0.322217 | ||||||||||||
| 9/17/18 | $ | 0.500000 | $ | 0.322217 | $ | 0.00 | $ | 0.00 | $ | 0.177783 | $ | 0.322217 | ||||||||||||
| 12/17/18 | $ | 0.500000 | $ | 0.322217 | $ | 0.00 | $ | 0.00 | $ | 0.177783 | $ | 0.322217 | ||||||||||||
| TOTAL | $ | 2.000000 | $ | 1.288868 | $ | 0.00 | $ | 0.00 | $ | 0.711132 | $ | 1.288868 | ||||||||||||
| Shown as a Percentage (%) | ||||||||||||||||||||||||
| Payment
Date | Distributions Per Share | Non- Qualifying Ord. Income (1a) | Total
Long- Term Capital Gain (2a) | Unrecaptured | Return
of Capital (3) | Section
199A Dividends (5) | ||||||||||||||||||
| 3/15/18 | $ | 0.500000 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
| 6/15/18 | $ | 0.500000 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
| 9/17/18 | $ | 0.500000 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
| 12/17/18 | $ | 0.500000 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
| TOTAL | $ | 2.000000 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
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 | Return
of Capital (3) | Section 199A Dividends (5) | ||||||||||||||||||
| 3/15/18 | $ | 0.421875 | $ | 0.271871 | $ | 0.00 | $ | 0.00 | $ | 0.150004 | $ | 0.271871 | ||||||||||||
| 6/15/18 | $ | 0.421875 | $ | 0.271871 | $ | 0.00 | $ | 0.00 | $ | 0.150004 | $ | 0.271871 | ||||||||||||
| 9/17/18 | $ | 0.421875 | $ | 0.271871 | $ | 0.00 | $ | 0.00 | $ | 0.150004 | $ | 0.271871 | ||||||||||||
| 12/17/18 | $ | 0.421875 | $ | 0.271871 | $ | 0.00 | $ | 0.00 | $ | 0.150004 | $ | 0.271871 | ||||||||||||
| TOTAL | $ | 1.687500 | $ | 1.087484 | $ | 0.00 | $ | 0.00 | $ | 0.600016 | $ | 1.087484 | ||||||||||||
| Shown as a Percentage (%) | ||||||||||||||||||||||||
| Payment
Date | Distributions Per Share | Non- Qualifying Ord. Income (1a) | Total
Long- Term Capital Gain (2a) | Unrecaptured (2b) | Return
of Capital (3) | Section 199A Dividends (5) | ||||||||||||||||||
| 3/15/18 | $ | 0.421875 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
| 6/15/18 | $ | 0.421875 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
| 9/17/18 | $ | 0.421875 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
| 12/17/18 | $ | 0.421875 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
| TOTAL | $ | 1.687500 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
A NYSE Company: Symbol - UMH
since 1968
Page | 3
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 | Return
of Capital (3) | Section 199A Dividends (5) | ||||||||||||||||||
| 3/15/18 | $ | 0.177083 | $ | 0.114118 | $ | 0.00 | $ | 0.00 | $ | 0.062965 | $ | 0.114118 | ||||||||||||
| 6/15/18 | $ | 0.398438 | $ | 0.256767 | $ | 0.00 | $ | 0.00 | $ | 0.141671 | $ | 0.256767 | ||||||||||||
| 9/17/18 | $ | 0.398438 | $ | 0.256767 | $ | 0.00 | $ | 0.00 | $ | 0.141671 | $ | 0.256767 | ||||||||||||
| 12/17/18 | $ | 0.398438 | $ | 0.256767 | $ | 0.00 | $ | 0.00 | $ | 0.141671 | $ | 0.256767 | ||||||||||||
| TOTAL | $ | 1.372397 | $ | 0.884419 | $ | 0.00 | $ | 0.00 | $ | 0.487978 | $ | 0.884419 | ||||||||||||
| Shown as a Percentage (%) | ||||||||||||||||||||||||
| Payment Date | Distributions Per Share | Non- Qualifying Ord. Income (1a) | Total
Long- Term Capital Gain (2a) | Unrecaptured | Return
of Capital (3) | Section 199A Dividends (5) | ||||||||||||||||||
| 3/15/18 | $ | 0.177083 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
| 6/15/18 | $ | 0.398438 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
| 9/17/18 | $ | 0.398438 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
| 12/17/18 | $ | 0.398438 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
| TOTAL | $ | 1.372397 | 64.443412 | % | 0 | % | 0 | % | 35.556588 | % | 64.443412 | % | ||||||||||||
NOTE: Section 199A Dividends (Box 5) is a subset of, and is included in, the Total Non-Qualifying Ordinary Income reported in Box 1a.
DIVIDEND REINVESTMENT PLAN DISCOUNTS
Common - CUSIP 903002103
| DISCOUNT DATE | FAIR
MARKET VALUE ($) | DISCOUNT
PRICE ($) | DISCOUNT
ON D/R ($) | |||||||||
| 1/16/2018 | 14.120 | 13.500 | 0.620 | |||||||||
| 2/15/2018 | 12.185 | 11.625 | 0.560 | |||||||||
| 3/15/2018 | 12.700 | 12.250 | 0.450 | |||||||||
| 4/16/2018 | 13.245 | 12.625 | 0.620 | |||||||||
| 5/15/2018 | 13.865 | 13.375 | 0.490 | |||||||||
| 6/15/2018 | 14.855 | 14.125 | 0.730 | |||||||||
| 7/16/2018 | 15.625 | 15.000 | 0.625 | |||||||||
| 8/15/2018 | 15.930 | 15.250 | 0.680 | |||||||||
| 9/17/2018 | 15.785 | 15.000 | 0.785 | |||||||||
| 10/15/2018 | 14.655 | 14.250 | 0.405 | |||||||||
| 11/15/2018 | 12.565 | 12.375 | 0.190 | |||||||||
| 12/17/2018 | 12.645 | 12.250 | 0.395 | |||||||||
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 118 manufactured home communities with approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. In addition, the Company owns a portfolio of REIT securities.
#####
A NYSE Company: Symbol - UMH
since 1968