UMH Properties Closes Public Offering of 4,000,000 Shares

4/30/19

UMH Properties, Inc. (NYSE: UMH) today announced the closing of its sale of 4,000,000 shares of its 6.75% Series C Cumulative Redeemable Preferred Stock, in its previously announced underwritten public offering at an offering price of $25.00 per share. The closing included 400,000 shares of Series C Preferred Stock that were purchased by the underwriters pursuant to the exercise in full of their overallotment option. The shares of Series C Preferred Stock that were sold form a single series with, 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 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. The Series C Preferred Stock is listed on The New York Stock Exchange under the symbol "UMH PRC." The Series C Preferred Stock has a $25.00 liquidation value per share.