UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2022 DISTRIBUTIONS
UMH Properties, Inc. (NYSE:UMH) announced the tax treatment of its 2022 distributions. For common shares, a total distribution of $0.80 per share was allocated entirely as return of capital. The preferred shares saw a total distribution of $1.10155 for Series C and $1.593752 for Series D, with portions classified as non-qualifying ordinary income and return of capital. The company encourages shareholders to consult their tax advisors regarding the specific tax implications. UMH operates 135 manufactured home communities across multiple states, with over 25,700 homesites.
- Distributed a total of $0.80 per share in 2022 for common shares, signaling steady cash flow.
- Preferred shares Series C and D distributions show a return of capital component, maintaining investor interest.
- All common share distributions were classified as return of capital, indicating potential financial strain.
FREEHOLD, NJ, Jan. 25, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) today announced the tax treatment of its 2022 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of UMH’s common and preferred shares during the calendar year ended December 31, 2022.
Common - CUSIP 903002103
| Shown as Dollars ($) | ||||||||||||
| 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 | % |
| 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 | % |
| 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.
Contact: Nelli Madden
732-577-9997
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