UMH Properties increases authorized common shares by 25M and enters $100M Series D ATM facility

UMH PROPERTIES, INC.

Authorized common shares increased from 163.7M to 188.7M; total authorized capital rises to 205.4M shares.
Reclassified 5M common shares as Series D Preferred, increasing Series D authorization from 13.7M to 18.7M.
Entered new at-market issuance sales agreement with B. Riley Securities for up to $100M of Series D Preferred Stock.
Prior ATM for Series D Preferred terminated; ~$16.5M remained unsold under prior program.
Proceeds for working capital, manufactured home purchases, community expansion, acquisitions, or debt repayment.

Key facts

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

UMH PROPERTIES, INC.: Increased authorized shares of common stock by 25,000,000, from 163,713,800 to 188,713,800, and reclassified 5,000,000 shares of common stock as Series D Preferred Stock (effective 2025-03-05).

Change: charter amendment
Effective: 2025-03-05

Exact text from the filing

On March 5, 2025 UMH Properties, Inc. (the “Company”) filed with the State Department of Assessments and Taxation of the State of Maryland (the “SDAT”) an amendment (the “Articles of Amendment”) to the Articles of Incorporation of the Company to increase the Company’s authorized shares of common stock, par value $0.10 per share (“Common Stock”), by 25,000,000 shares.

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UMH PROPERTIES, INC. filing history →

Source: SEC EDGAR

accession 0001140361-25-007228

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