UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2022 DISTRIBUTIONS
January 25, 2023 at 09:16 pm
Share
FREEHOLD, NJ, Jan. 25, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) today announced the tax treatment of its 2022 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of UMH’s common and preferred shares during the calendar year ended December 31, 2022.
Common - CUSIP 903002103
Shown as Dollars ($)
Payment Date
Distributions Per Share
Non-Qualifying Ord. Income (1a)
Total Long-Term Capital Gain (2a)
Unrecaptured Sec. 1250 Gain (2b)
Return of Capital (3)
Section 199A Dividends (5)
3/15/22
$
0.20
$
0.00
$
0.00
$
0.00
$
0.20
$
0.00
6/15/22
$
0.20
$
0.00
$
0.00
$
0.00
$
0.20
$
0.00
9/15/22
$
0.20
$
0.00
$
0.00
$
0.00
$
0.20
$
0.00
12/15/22
$
0.20
$
0.00
$
0.00
$
0.00
$
0.20
$
0.00
TOTAL
$
0.80
$
0.00
$
0.00
$
0.00
$
0.80
$
0.00
Shown as a Percentage (%)
Payment Date
Distributions Per Share
Non-Qualifying Ord. Income (1a)
Total Long-Term Capital Gain (2a)
Unrecaptured Sec. 1250 Gain (2b)
Return of Capital (3)
Section 199A Dividends (5)
3/15/22
$
0.20
0
%
0
%
0
%
100
%
0
%
6/15/22
$
0.20
0
%
0
%
0
%
100
%
0
%
9/15/22
$
0.20
0
%
0
%
0
%
100
%
0
%
12/15/22
$
0.20
0
%
0
%
0
%
100
%
0
%
TOTAL
$
0.80
0
%
0
%
0
%
100
%
0
%
6.75% Series C Cumulative Redeemable Preferred - CUSIP 903002400
Shown as Dollars ($)
Payment Date
Distributions Per Share
Non-Qualifying Ord. Income (1a)
Total Long-Term Capital Gain (2a)
Unrecaptured Sec. 1250 Gain (2b)
Return of Capital (3)
Section 199A Dividends (5)
3/15/22
$
0.421875
$
0.165476
$
0.00
$
0.00
$
0.256399
$
0.165476
6/15/22
$
0.421875
$
0.165476
$
0.00
$
0.00
$
0.256399
$
0.165476
9/15/22
$
0.257800
$
0.101119
$
0.00
$
0.00
$
0.156681
$
0.101119
12/15/22
-
-
-
-
-
-
TOTAL
$
1.101550
$
0.432071
$
0.00
$
0.00
$
0.669479
$
0.432071
Shown as a Percentage (%)
Payment Date
Distributions Per Share
Non-Qualifying Ord. Income (1a)
Total Long-Term Capital Gain (2a)
Unrecaptured Sec. 1250 Gain (2b)
Return of Capital (3)
Section 199A Dividends (5)
3/15/22
$
0.421875
39.223963
%
0
%
0
%
60.776037
%
39.223963
%
6/15/22
$
0.421875
39.223963
%
0
%
0
%
60.776037
%
39.223963
%
9/15/22
$
0.257800
39.223963
%
0
%
0
%
60.776037
%
39.223963
%
12/15/22
-
-
-
-
-
-
TOTAL
$
1.101550
39.223963
%
0
%
0
%
60.776037
%
39.223963
%
6.375% Series D Cumulative Redeemable Preferred - CUSIP 903002509
Shown as Dollars ($)
Payment Date
Distributions Per Share
Non-Qualifying Ord. Income (1a)
Total Long-Term Capital Gain (2a)
Unrecaptured Sec. 1250 Gain (2b)
Return of Capital (3)
Section 199A Dividends (5)
3/15/22
$
0.398438
$
0.156283
$
0.00
$
0.00
$
0.242155
$
0.156283
6/15/22
$
0.398438
$
0.156283
$
0.00
$
0.00
$
0.242155
$
0.156283
9/15/22
$
0.398438
$
0.156283
$
0.00
$
0.00
$
0.242155
$
0.156283
12/15/22
$
0.398438
$
0.156283
$
0.00
$
0.00
$
0.242155
$
0.156283
TOTAL
$
1.593752
$
0.625132
$
0.00
$
0.00
$
0.968620
$
0.625132
Shown as a Percentage (%)
Payment Date
Distributions Per Share
Non-Qualifying Ord. Income (1a)
Total Long-Term Capital Gain (2a)
Unrecaptured Sec. 1250 Gain
(2b)
Return of Capital (3)
Section 199A Dividends (5)
3/15/22
$
0.398438
39.223963
%
0
%
0
%
60.776037
%
39.223963
%
6/15/22
$
0.398438
39.223963
%
0
%
0
%
60.776037
%
39.223963
%
9/15/22
$
0.398438
39.223963
%
0
%
0
%
60.776037
%
39.223963
%
12/15/22
$
0.398438
39.223963
%
0
%
0
%
60.776037
%
39.223963
%
TOTAL
$
1.593752
39.223963
%
0
%
0
%
60.776037
%
39.223963
%
NOTE: Section 199A Dividends (Box 5) is a subset of, and is included in, the Total Non-Qualifying Ordinary Income reported in Box 1a.
DIVIDEND REINVESTMENT PLAN DISCOUNTS
Common - CUSIP 903002103
DISCOUNT DATE
FAIR MARKET VALUE ($)
DISCOUNT PRICE ($)
DISCOUNT ON D/R ($)
1/18/2022
24.530
23.625
0.905
2/15/2022
23.005
22.125
0.880
3/15/2022
24.290
23.375
0.915
4/18/2022
23.915
22.875
1.040
5/16/2022
19.445
18.500
0.945
6/15/2022
17.230
16.750
0.480
7/15/2022
19.100
18.250
0.850
8/15/2022
19.675
18.750
0.925
9/15/2022
18.150
17.500
0.650
10/17/2022
16.420
15.625
0.795
11/15/2022
17.485
16.875
0.610
12/15/2022
16.850
16.375
0.475
Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,700 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia. UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate.
UMH Properties, Inc. is a real estate investment trust (REIT). The Companyâs primary business is the ownership and operation of manufactured home communities, leasing manufactured homesites to residents. The Company also leases manufactured homes to residents and, through its wholly owned taxable REIT subsidiary, UMH Sales and Finance, Inc. (S&F), sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customersâ privately owned land. The Company owns and operates 135 manufactured home communities, including two communities acquired through the Companyâs opportunity zone fund, containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia. In connection with the operation of its communities, the Company also leases homes to prospective tenants.