secwatch.observer — SEC 8-K summary
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Issuer:     UMH PROPERTIES, INC. (UMH)
CIK:        0000752642
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001140361-24-012878
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UMH Properties enters $150M at-the-market equity distribution agreement
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- Agreement with BMO, J.P. Morgan, Wells Fargo, B. Riley, Compass Point, Janney to sell up to $150M common stock via ATM.
- Prior ATM program terminated; $17.8M remained unsold at termination.
- Commission to agents up to 2% of gross sale proceeds.
- Proceeds for working capital, manufactured home purchases, community expansion, acquisitions, and debt repayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/752642/000114036124012878/0001140361-24-012878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/752642/000114036124012878/ny20023863x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-012878

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer