UMH Properties Prices Offering of Shares

UMH Properties Prices Offering of Shares

UMH Properties, a real estate investment trust, said it has priced an underwritten public offering of 5 million shares of its 6.75% series C cumulative redeemable preferred stock at $25 per share. It has granted underwriters a 30-day option to buy an additional 750,000 shares. The company expects to receive net proceeds from the offering before expenses of approximately $121.1 million and expects to close the transaction on July 26. […]

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