secwatch.observer — SEC 8-K summary
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Issuer:     UMH PROPERTIES, INC. (UMH)
CIK:        0000752642
Form:       8-K
Filed at:   2023-01-11T23:59:59+00:00
Accession:  0001140361-23-001286
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UMH Properties establishes $100M at-the-market offering of 6.375% Series D Preferred Stock
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- Entered into ATM Sales Agreement with B. Riley Securities to sell up to $100M of 6.375% Series D Cumulative Redeemable Preferred Stock.
- Replaces previous ATM program for Series C and Series D preferred stock from July 2020.
- Proceeds intended for working capital, manufactured home purchases, community expansion, acquisitions, or debt repayment.
- Commission of up to 2.0% of gross proceeds payable to B. Riley Securities.
- Offering terminates upon sale of all shares or termination of agreement by either party.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/752642/000114036123001286/0001140361-23-001286-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/752642/000114036123001286/ny20006685x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-001286

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