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 27, 2017 |
| | |
| | Contact: | Nelli Madden |
| | | 732-577-9997 |
UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2016 DISTRIBUTION
FREEHOLD, NJ, JANUARY 27, 2017……UMH Properties, Inc. (NYSE:UMH) today announced the tax treatment of its 2016 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, 2016.
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) | |
| 3/15/16 | | $ | 0.180000 | | | $ | 0.023873 | | | $ | 0.003562 | | | $ | 0.000000 | | | $ | 0.152565 | |
| 6/15/16 | | $ | 0.180000 | | | $ | 0.023873 | | | $ | 0.003562 | | | $ | 0.000000 | | | $ | 0.152565 | |
| 9/15/16 | | $ | 0.180000 | | | $ | 0.023873 | | | $ | 0.003562 | | | $ | 0.000000 | | | $ | 0.152565 | |
| 12/15/16 | | $ | 0.180000 | | | $ | 0.023873 | | | $ | 0.003562 | | | $ | 0.000000 | | | $ | 0.152565 | |
| TOTAL | | $ | 0.720000 | | | $ | 0.095492 | | | $ | 0.014248 | | | $ | 0.000000 | | | $ | 0.610260 | |
| 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) | |
| 3/15/16 | | $ | 0.180000 | | | | 13.263021 | % | | | 1.978910 | % | | | 0 | % | | | 84.758069 | % |
| 6/15/16 | | $ | 0.180000 | | | | 13.263021 | % | | | 1.978910 | % | | | 0 | % | | | 84.758069 | % |
| 9/15/16 | | $ | 0.180000 | | | | 13.263021 | % | | | 1.978910 | % | | | 0 | % | | | 84.758069 | % |
| 12/15/16 | | $ | 0.180000 | | | | 13.263021 | % | | | 1.978910 | % | | | 0 | % | | | 84.758069 | % |
| TOTAL | | $ | 0.720000 | | | | 13.263021 | % | | | 1.978910 | % | | | 0 | % | | | 84.758069 | % |
8.25% Series A Cumulative Redeemable Preferred - CUSIP 903002202
| 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) | |
| 3/15/16 | | $ | 0.515625 | | | $ | 0.448680 | | | $ | 0.066945 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 6/15/16 | | $ | 0.515625 | | | $ | 0.448680 | | | $ | 0.066945 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 9/15/16 | | $ | 0.515625 | | | $ | 0.448680 | | | $ | 0.066945 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 12/15/16 | | $ | 0.515625 | | | $ | 0.448680 | | | $ | 0.066945 | | | $ | 0.000000 | | | $ | 0.000000 | |
| TOTAL | | $ | 2.062500 | | | $ | 1.794720 | | | $ | 0.267780 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 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) | |
| 3/15/16 | | $ | 0.515625 | | | | 87.016673 | % | | | 12.983327 | % | | | 0 | % | | | 0.000000 | % |
| 6/15/16 | | $ | 0.515625 | | | | 87.016673 | % | | | 12.983327 | % | | | 0 | % | | | 0.000000 | % |
| 9/15/16 | | $ | 0.515625 | | | | 87.016673 | % | | | 12.983327 | % | | | 0 | % | | | 0.000000 | % |
| 12/15/16 | | $ | 0.515625 | | | | 87.016673 | % | | | 12.983327 | % | | | 0 | % | | | 0.000000 | % |
| TOTAL | | $ | 2.062500 | | | | 87.016673 | % | | | 12.983327 | % | | | 0 | % | | | 0.000000 | % |
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 Sec. 1250 Gain (2b) | | | Return of Capital (3) | |
| 3/15/16 | | $ | 0.724660 | | | $ | 0.630575 | | | $ | 0.094085 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 6/15/16 | | $ | 0.500000 | | | $ | 0.435083 | | | $ | 0.064917 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 9/15/16 | | $ | 0.500000 | | | $ | 0.435083 | | | $ | 0.064917 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 12/15/16 | | $ | 0.500000 | | | $ | 0.435083 | | | $ | 0.064917 | | | $ | 0.000000 | | | $ | 0.000000 | |
| TOTAL | | $ | 2.224660 | | | $ | 1.935824 | | | $ | 0.288836 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 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) | |
| 3/15/16 | | $ | 0.724660 | | | | 87.016673 | % | | | 12.983327 | % | | | 0 | % | | | 0.000000 | % |
| 6/15/16 | | $ | 0.500000 | | | | 87.016673 | % | | | 12.983327 | % | | | 0 | % | | | 0.000000 | % |
| 9/15/16 | | $ | 0.500000 | | | | 87.016673 | % | | | 12.983327 | % | | | 0 | % | | | 0.000000 | % |
| 12/15/16 | | $ | 0.500000 | | | | 87.016673 | % | | | 12.983327 | % | | | 0 | % | | | 0.000000 | % |
| TOTAL | | $ | 2.224660 | | | | 87.016673 | % | | | 12.983327 | % | | | 0 | % | | | 0.000000 | % |
DIVIDEND REINVESTMENT PLAN DISCOUNTS
Common - CUSIP 903002103
| DISCOUNT DATE | | FAIR
MARKET
VALUE ($) | | | DISCOUNT
PRICE ($) | | | DISCOUNT
ON D/R ($) | |
| 1/15/2016 | | | 9.265 | | | | 9.125 | | | | 0.140 | |
| 2/16/2016 | | | 9.295 | | | | 8.875 | | | | 0.420 | |
| 3/15/2016 | | | 9.845 | | | | 9.750 | | | | 0.095 | |
| 4/15/2016 | | | 9.775 | | | | 9.375 | | | | 0.400 | |
| 5/16/2016 | | | 9.915 | | | | 9.500 | | | | 0.415 | |
| 6/15/2016 | | | 10.515 | | | | 10.000 | | | | 0.515 | |
| 7/15/2016 | | | 12.095 | | | | 11.750 | | | | 0.345 | |
| 8/15/2016 | | | 12.060 | | | | 11.625 | | | | 0.435 | |
| 9/15/2016 | | | 11.600 | | | | 11.125 | | | | 0.475 | |
| 10/17/2016 | | | 11.695 | | | | 11.125 | | | | 0.570 | |
| 11/15/2016 | | | 13.195 | | | | 12.625 | | | | 0.570 | |
| 12/15/2016 | | | 13.390 | | | | 12.750 | | | | 0.640 | |
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 106 manufactured home communities with approximately 19,300 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, and Michigan. In addition, the Company owns a portfolio of REIT securities.
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