Sept. 11, 2020 -- UMH Properties, Inc. (NYSE:UMH) today announced that it will redeem all 3,800,669 issued and outstanding shares of its 8.0% Series B Cumulative Redeemable Preferred Stock (CUSIP 903002301) on October 20, 2020 (the “Redemption Date”). The Series B Preferred Stock will be redeemed at a redemption price equal to the $25.00 per share liquidation preference of the Series B Preferred Stock plus accrued and unpaid dividends to, but not including, the Redemption Date in an amount of $0.2722 per share, for a total payment of $25.2722 per share.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  UMH Properties, Inc. 8.00% Series B Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 10/20/2020 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.00% per annum ($2.00 per annum or $0.50 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least one business day prior to the record date). Upon the occurrence of a delisting event or a change of control the company will have the option to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a delisting event or a change of control, and the company has not provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for further information). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	8.00% $2.00	$25.00 $25.00	Called for 10/20/2020 None	NF NF 9/11/2020	3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     https://www.umh.com/
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Inv Rel Email Address	NMadden@umh.com
General Email Address	umh@umh.com
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Address and Phone Numbers

Address:   Juniper Business Plaza, 3499 Route 9 North, Suite 3-C, Freehold, NJ 07728
Main Phone Number	732-577-9997
Fax Number	Not Available
Investor Relations   Nelli Madden	732-577-4062
Toll Free Phone Number	800-504-0670

CEO - Samuel A. Landy

CFO - Anna T. Chew