secwatch.observer — SEC 8-K summary
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Issuer:     UMH PROPERTIES, INC. (UMH)
CIK:        0000752642
Form:       8-K
Filed at:   2023-04-04T23:59:59+00:00
Accession:  0001140361-23-016341
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UMH Properties enters into $150M ATM equity distribution agreement, terminates prior $19.8M unsold ATM
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- New equity distribution agreement allows sales of common stock up to $150M aggregate sales price.
- Company terminated prior ATM program with approximately $19.8M remaining unsold upon entry.
- Distribution agents include BMO, J.P. Morgan, B. Riley, Compass Point, Janney Montgomery; commissions up to 2%.
- Net proceeds for working capital, manufactured home purchases, community expansion, acquisitions, debt repayment.
- Shares sold under existing effective shelf registration statement (File No. 333-238321) and new prospectus supplement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/752642/000114036123016341/0001140361-23-016341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/752642/000114036123016341/ny20008523x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-016341

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