UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2020 DISTRIBUTIONS
UMH Properties, Inc. (NYSE:UMH) has disclosed the tax treatment of its 2020 cash distributions for common and preferred shareholders. Total cash distributions for common shares amounted to $0.72 per share, classified entirely as return of capital. Preferred shares saw varying distributions with the Series B totaling $1.77, Series C at $1.69, and Series D at $1.59. Each preferred series included portions classified as non-qualifying ordinary income. Shareholders are advised to consult tax advisors regarding their specific tax situations related to these distributions.
- UMH distributed $0.72 per common share, providing return of capital for tax purposes.
- Preferred Series distributions ranged from $1.59 to $1.77, with components recognized as non-qualifying ordinary income.
- None.
FREEHOLD, NJ, Jan. 28, 2021 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) today announced the tax treatment of its 2020 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of UMH’s common and preferred shares during the calendar year ended December 31, 2020.
Common - CUSIP 903002103
| Shown as Dollars ($) | ||||||
| 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) |
| 3/16/20 | ||||||
| 6/15/20 | ||||||
| 9/15/20 | ||||||
| 12/15/20 | ||||||
| TOTAL | ||||||
| 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) |
| 3/16/20 | ||||||
| 6/15/20 | ||||||
| 9/15/20 | ||||||
| 12/15/20 | ||||||
| TOTAL | ||||||
| Shown as Dollars ($) | ||||||
| Payment Date | Distributions Per Share | Non-Qualifying Ord. Income (1a) | Total Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain (2b) | Return of Capital (3) | Section 199A Dividends (5) |
| 3/16/20 | ||||||
| 6/15/20 | ||||||
| 9/15/20 | ||||||
| 12/15/20 | ||||||
| TOTAL | | | ||||
| Shown as a Percentage (%) | ||||||
| Payment Date | Distributions Per Share | Non-Qualifying Ord. Income (1a) | Total Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain (2b) | Return of Capital (3) | Section 199A Dividends (5) |
| 3/16/20 | ||||||
| 6/15/20 | ||||||
| 9/15/20 | ||||||
| 12/15/20 | ||||||
| TOTAL | ||||||
| Shown as Dollars ($) | ||||||
| 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) |
| 3/16/20 | ||||||
| 6/15/20 | ||||||
| 9/15/20 | ||||||
| 12/15/20 | ||||||
| TOTAL | | | ||||
| 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) |
| 3/16/20 | ||||||
| 6/15/20 | ||||||
| 9/15/20 | ||||||
| 12/15/20 | ||||||
| TOTAL | ||||||
| Shown as Dollars ($) | ||||||
| Payment Date | Distributions Per Share | Non-Qualifying Ord. Income (1a) | Total Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain (2b) | Return of Capital (3) | Section 199A Dividends (5) |
| 3/16/20 | ||||||
| 6/15/20 | ||||||
| 9/15/20 | ||||||
| 12/15/20 | ||||||
| TOTAL | | | ||||
| Shown as a Percentage (%) | ||||||
| Payment Date | Distributions Per Share | Non-Qualifying Ord. Income (1a) | Total Long-Term Capital Gain (2a) | Unrecaptured Sec. 1250 Gain (2b) | Return of Capital (3) | Section 199A Dividends (5) |
| 3/16/20 | ||||||
| 6/15/20 | ||||||
| 9/15/20 | ||||||
| 12/15/20 | ||||||
| TOTAL | ||||||
NOTE: Section 199A Dividends (Box 5) is a subset of, and is included in, the Total Non-Qualifying Ordinary Income reported in Box 1a.
DIVIDEND REINVESTMENT PLAN DISCOUNTS
Common - CUSIP 903002103
| DISCOUNT DATE | FAIR MARKET VALUE ($) | DISCOUNT PRICE ($) | DISCOUNT ON D/R ($) | ||
| 1/15/2020 | 16.130 | 15.375 | 0.755 | ||
| 2/18/2020 | 16.330 | 15.625 | 0.705 | ||
| 3/16/2020 | 11.500 | 11.500 | 0.000 | ||
| 4/15/2020 | 10.875 | 10.875 | 0.000 | ||
| 5/15/2020 | 10.900 | 10.750 | 0.150 | ||
| 6/15/2020 | 12.410 | 12.125 | 0.285 | ||
| 7/15/2020 | 12.395 | 11.875 | 0.520 | ||
| 8/17/2020 | 13.525 | 13.000 | 0.525 | ||
| 9/15/2020 | 14.555 | 13.875 | 0.680 | ||
| 10/15/2020 | 13.955 | 13.50 | 0.455 | ||
| 11/16/2020 | 14.430 | 13.750 | 0.680 | ||
| 12/15/2020 | 15.695 | 15.000 | 0.695 |
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 126 manufactured home communities with approximately 23,700 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama and South Carolina. In addition, the Company owns a portfolio of REIT securities.
Contact: Nelli Madden
732-577-9997
#####
FAQ
What is the total common share distribution for UMH in 2020?
How are UMH's preferred shares classified for tax purposes?
What were the preferred shares distributions for UMH in 2020?
Should UMH shareholders consult tax advisors regarding distributions?
