UMH Properties reclassifies 4.4M common shares as Series D Preferred Stock

UMH PROPERTIES, INC.

Filed articles supplementary reclassifying 4,400,000 shares of common stock into 6.375% Series D Cumulative Redeemable Preferred Stock.
Authorized capital after: 149,648,469 common shares, 13,700,000 Series D preferred shares, plus other series.
Series D Preferred Stock carries a 6.375% cumulative dividend and is redeemable by the company.
Effective date of reclassification: January 10, 2023.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

UMH PROPERTIES, INC.: Reclassified 4,400,000 shares of common stock as shares of 6.375% Series D Cumulative Redeemable Preferred Stock via articles supplementary (effective 2023-01-10).

Change: charter amendment
Effective: 2023-01-10

Exact text from the filing

On January 10, 2023, UMH Properties, Inc. (the “Company”) filed with the State Department of Assessments and Taxation of the State of Maryland articles supplementary (the “Articles Supplementary”) reclassifying and designating 4,400,000 shares of the Company’s common stock, par value $0.10 per share (“Common Stock”) as shares of 6.375% Series D Cumulative Redeemable Preferred Stock, $0.10 par value per share (“Series D Preferred Stock”).

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UMH PROPERTIES, INC. filing history →

Source: SEC EDGAR

accession 0001140361-23-001264

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