UMH - UMH Properties to redeem outstanding 6.75% series C preferred stock

UMH Properties (NYSE:UMH) said Thursday it will redeem all ~9.9M outstanding 6.75% series C cumulative redeemable preferred shares on Jul. 26. The series C preferred stock will be redeemed at a price equal to the $25/per share liquidation preference of the preferred stock plus accrued and unpaid dividends to, but not including, the redemption date for a total payment of $25.2578/share. Since all outstanding series C preferred shares will be redeemed, trading of the preferred stock on the NYSE will cease after Jul. 26.

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UMH Properties to redeem outstanding 6.75% series C preferred stock