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Umh Properties, Inc. – ‘8-K’ for 4/2/24

On:  Thursday, 4/4/24, at 4:15pm ET   ·   For:  4/2/24   ·   Accession #:  1493152-24-13192   ·   File #:  1-12690

Previous ‘8-K’:  ‘8-K’ on 4/2/24 for 4/1/24   ·   Latest ‘8-K’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/04/24  Umh Properties, Inc.              8-K:1,2,7,9 4/02/24   13:288K                                   M2 Compliance LLC/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     46K 
 2: EX-10.1     Material Contract                                   HTML     23K 
 3: EX-99.1     Miscellaneous Exhibit                               HTML     10K 
 8: R1          Cover                                               HTML     51K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
13: XML         XBRL Instance -- form8-k_htm                         XML     21K 
 9: EXCEL       IDEA Workbook of Financial Report Info              XLSX      8K 
 5: EX-101.DEF  XBRL Definitions -- umh-20240402_def                 XML     73K 
 6: EX-101.LAB  XBRL Labels -- umh-20240402_lab                      XML    103K 
 7: EX-101.PRE  XBRL Presentations -- umh-20240402_pre               XML     71K 
 4: EX-101.SCH  XBRL Schema -- umh-20240402                          XSD     14K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               27±    35K 
12: ZIP         XBRL Zipped Folder -- 0001493152-24-013192-xbrl      Zip     26K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX: 
 i false  i 0000752642 0000752642 2024-04-02 2024-04-02 0000752642 UMH:CommonStock0.10ParValueMember 2024-04-02 2024-04-02 0000752642 UMH:Sec6.375SeriesDCumulativeRedeemablePreferredStock0.10ParValueMember 2024-04-02 2024-04-02 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM  i 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  i April 2, 2024

 

 

 

 i UMH Properties, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

 i Maryland    i 001-12690    i 22-1890929
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

 i Juniper Business Plaza,  i 3499 Route 9 North,  i Suite 3-C,  i Freehold,  i NJ    i 07728
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code:  i (732)  i 577-9997

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
 i  Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12)
   
 i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
 i  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of exchange on which registered
 i Common Stock, $0.10 par value    i UMH    i New York Stock Exchange
 i 6.375% Series D Cumulative Redeemable Preferred Stock, $0.10 par value    i UMH PD    i New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  i 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On April 2, 2024, UMH Properties, Inc. (“UMH” or the “Company”) expanded its existing unsecured revolving credit facility (the “Facility”) from $180 million in available borrowings to $260 million in available borrowings. The Facility is syndicated with three banks, BMO Capital MarketsCorp. (“BMO”), JPMorgan Chase Bank, N.A. (“JPMorgan”) and Wells Fargo Bank, N.A. (“Wells Fargo”) as joint arrangers and joint book runners, with Bank of Montreal as administrative agent.

 

The Commitment Amount Increase Request is attached hereto as Exhibit 10.1. A copy of the press release announcing the above transaction is attached as Exhibit 99.1 hereto and incorporated herein by reference.

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

 

Item 7.01 Regulation FD Disclosure

 

On April 3, 2024, the Company issued a press release announcing that it expanded its existing unsecured revolving credit facility.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)   The following exhibits are filed as part of this report:

 

(10.1)   Commitment Amount Increase Request
     
(99.1)   Press Release dated April 3, 2024
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  UMH Properties, Inc.
     
Date: April 4, 2024 By: /s/ Anna T. Chew
  Name:

Anna T. Chew

  Title:

Executive Vice President and

Chief Financial Officer

 

3


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:4/4/24
4/3/24
For Period end:4/2/248-K
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