UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2021 DISTRIBUTIONS
UMH Properties, Inc. (NYSE:UMH) has announced the tax treatment of its 2021 cash distributions to shareholders. For common shares, a total distribution of $0.76 per share includes various components such as Non-Qualifying Ordinary Income and Return of Capital. Preferred shares experienced distributions of $1.6875 for Series C and $1.59375 for Series D, comprising similar income categories. Shareholders are advised to consult with tax advisors regarding the tax implications of these distributions. UMH operates 127 manufactured home communities across multiple states.
- Stable cash distributions of $0.76 per common share in 2021.
- Preferred shares Series C and D have total distributions of $1.6875 and $1.59375 respectively.
- None.
FREEHOLD, NJ, Jan. 27, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) today announced the tax treatment of its 2021 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of UMH’s common and preferred shares during the calendar year ended December 31, 2021.
Common - CUSIP 903002103
| Shown as Dollars ($) | ||||||||||||
| 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) | ||||||
| 3/15/21 | $ | 0.19 | $ | 0.006159 | $ | 0.000502 | $ | 0.00 | $ | 0.183339 | $ | 0.006159 |
| 6/15/21 | $ | 0.19 | $ | 0.006159 | $ | 0.000502 | $ | 0.00 | $ | 0.183339 | $ | 0.006159 |
| 9/15/21 | $ | 0.19 | $ | 0.006159 | $ | 0.000502 | $ | 0.00 | $ | 0.183339 | $ | 0.006159 |
| 12/15/21 | $ | 0.19 | $ | 0.006159 | $ | 0.000502 | $ | 0.00 | $ | 0.183339 | $ | 0.006159 |
| TOTAL | $ | 0.76 | $ | 0.024636 | $ | 0.002008 | $ | 0.00 | $ | 0.733356 | $ | 0.024636 |
| 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) | ||||||
| 3/15/21 | $ | 0.19 | 3.241683 | % | 0.264344 | % | 0 | % | 96.493973 | % | 3.241683 | % |
| 6/15/21 | $ | 0.19 | 3.241683 | % | 0.264344 | % | 0 | % | 96.493973 | % | 3.241683 | % |
| 9/15/21 | $ | 0.19 | 3.241683 | % | 0.264344 | % | 0 | % | 96.493973 | % | 3.241683 | % |
| 12/15/21 | $ | 0.19 | 3.241683 | % | 0.264344 | % | 0 | % | 96.493973 | % | 3.241683 | % |
| TOTAL | $ | 0.76 | 3.241683 | % | 0.264344 | % | 0 | % | 96.493973 | % | 3.241683 | % |
| 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) | ||||||
| 3/15/21 | $ | 0.421875 | $ | 0.390067 | $ | 0.031808 | $ | 0.00 | $ | 0.00 | $ | 0.390067 |
| 6/15/21 | $ | 0.421875 | $ | 0.390067 | $ | 0.031808 | $ | 0.00 | $ | 0.00 | $ | 0.390067 |
| 9/15/21 | $ | 0.421875 | $ | 0.390067 | $ | 0.031808 | $ | 0.00 | $ | 0.00 | $ | 0.390067 |
| 12/15/21 | $ | 0.421875 | $ | 0.390067 | $ | 0.031808 | $ | 0.00 | $ | 0.00 | $ | 0.390067 |
| TOTAL | $ | 1.687500 | $ | 1.560268 | $ | 0.127232 | $ | 0.00 | $ | 0.00 | $ | 1.560268 |
| 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) | ||||||
| 3/15/21 | $ | 0.421875 | 92.460304 | % | 7.539696 | % | 0 | % | 0 | % | 92.460304 | % |
| 6/15/21 | $ | 0.421875 | 92.460304 | % | 7.539696 | % | 0 | % | 0 | % | 92.460304 | % |
| 9/15/21 | $ | 0.421875 | 92.460304 | % | 7.539696 | % | 0 | % | 0 | % | 92.460304 | % |
| 12/15/21 | $ | 0.421875 | 92.460304 | % | 7.539696 | % | 0 | % | 0 | % | 92.460304 | % |
| TOTAL | $ | 1.687500 | 92.460304 | % | 7.539696 | % | 0 | % | 0 | % | 92.460304 | % |
| 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) | ||||||
| 3/15/21 | $ | 0.398438 | $ | 0.3683965 | $ | 0.030041 | $ | 0.00 | $ | 0.00 | $ | 0.3683965 |
| 6/15/21 | $ | 0.398438 | $ | 0.3683965 | $ | 0.030041 | $ | 0.00 | $ | 0.00 | $ | 0.3683965 |
| 9/15/21 | $ | 0.398438 | $ | 0.3683965 | $ | 0.030041 | $ | 0.00 | $ | 0.00 | $ | 0.3683965 |
| 12/15/21 | $ | 0.398438 | $ | 0.3683965 | $ | 0.030041 | $ | 0.00 | $ | 0.00 | $ | 0.3683965 |
| TOTAL | $ | 1.593750 | $ | 1.473586 | $ | 0.120164 | $ | 0.00 | $ | 0.00 | $ | 1.473586 |
| 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) | ||||||
| 3/15/21 | $ | 0.398438 | 92.460304 | % | 7.539696 | % | 0 | % | 0 | % | 92.460304 | % |
| 6/15/21 | $ | 0.398438 | 92.460304 | % | 7.539696 | % | 0 | % | 0 | % | 92.460304 | % |
| 9/15/21 | $ | 0.398438 | 92.460304 | % | 7.539696 | % | 0 | % | 0 | % | 92.460304 | % |
| 12/15/21 | $ | 0.398438 | 92.460304 | % | 7.539696 | % | 0 | % | 0 | % | 92.460304 | % |
| TOTAL | $ | 1.593750 | 92.460304 | % | 7.539696 | % | 0 | % | 0 | % | 92.460304 | % |
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 ($) | ||
| 1/15/2021 | 15.165 | 14.500 | 0.665 | ||
| 2/16/2021 | 16.365 | 15.875 | 0.490 | ||
| 3/15/2021 | 19.370 | 18.500 | 0.870 | ||
| 4/15/2021 | 19.405 | 18.500 | 0.905 | ||
| 5/17/2021 | 21.130 | 20.125 | 1.005 | ||
| 6/15/2021 | 22.480 | 21.500 | 0.980 | ||
| 7/15/2021 | 22.715 | 21.625 | 1.090 | ||
| 8/16/2021 | 23.240 | 22.250 | 0.990 | ||
| 9/15/2021 | 24.145 | 23.125 | 1.020 | ||
| 10/15/2021 | 23.755 | 22.625 | 1.130 | ||
| 11/15/2021 | 23.090 | 22.375 | 0.715 | ||
| 12/15/2021 | 25.220 | 24.000 | 1.220 |
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 127 manufactured home communities with approximately 24,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama and South Carolina. UMH also owns and operates one community in Florida, containing 219 sites, through its joint venture with Nuveen Real Estate.
Contact: Nelli Madden
732-577-9997
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FAQ
What is the total distribution for UMH Properties common shares in 2021?
What are the components of UMH Properties' 2021 cash distributions?
What are the distribution amounts for UMH Properties Series C and D preferred shares?
How should shareholders treat the 2021 distributions from UMH Properties for tax purposes?
How many manufactured home communities does UMH Properties operate?
