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UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2024 DISTRIBUTIONS

1. UMH announced tax treatment of 2024 distributions to stockholders. 2. Total distribution per share in 2024 is $0.850 for common shares. 3. Preferred shares yield $1.59375 with 100% non-qualifying ordinary income. 4. Tax advisors suggested to shareholders for specific distribution implications. 5. UMH operates 139 communities with over 26,200 homesites.

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Why Bullish?

Clear distribution planning positively influences investor sentiment, similar to past announcements boosting shares.

How important is it?

Distributions affect investor confidence and are significant in the REIT sector, impacting share performance.

Why Short Term?

Distributions generally affect stock prices nearer to the payment dates, reflecting immediate investor reactions.

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UMH
FREEHOLD, NJ, Jan. 22, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) today announced the tax treatment of its 2024 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, 2024. Common - CUSIP 903002103 Shown as Dollars ($)Payment DateDistributions Per ShareNon-Qualifying Ord. Income (1a)Total Long-Term Capital Gain (2a)Unrecaptured Sec. 1250 Gain (2b)Return of Capital (3)Section 199A Dividends (5)3/15/24$0.205 $0.040241$0.00$0.00$0.164759$0.0402416/17/24$0.215 $0.042204$0.00$0.00$0.172796$0.0422049/16/24$0.215 $0.042204$0.00$0.00$0.172796$0.04220412/16/24$0.215 $0.042204$0.00$0.00$0.172796$0.042204TOTAL$0.850 $0.166853$0.00$0.00$0.683147$0.166853 Shown as a Percentage (%)Payment DateDistributions Per ShareNon-Qualifying Ord. Income (1a)Total Long-Term Capital Gain (2a)Unrecaptured Sec. 1250 Gain (2b)Return of Capital (3)Section 199A Dividends (5)3/15/24$0.205 19.629887%0%0%80.370113%19.629887%6/17/24$0.215 19.629887%0%0%80.370113%19.629887%9/16/24$0.215 19.629887%0%0%80.370113%19.629887%12/16/24$0.215 19.629887%0%0%80.370113%19.629887%TOTAL$0.850 19.629887%0%0%80.370113%19.629887% 6.375% Series D Cumulative Redeemable Preferred - CUSIP 903002509 Shown as Dollars ($)Payment DateDistributions Per ShareNon-Qualifying Ord. Income (1a)Total Long-Term Capital Gain (2a)Unrecaptured Sec. 1250 Gain (2b)Return of Capital (3)Section 199A Dividends (5)3/15/24$0.3984375 $0.3984375 $0.00$0.00$0.00$0.3984375 6/17/24$0.3984375 $0.3984375 $0.00$0.00$0.00$0.3984375 9/16/24$0.3984375 $0.3984375 $0.00$0.00$0.00$0.3984375 12/16/24$0.3984375$0.3984375$0.00$0.00$0.00$0.3984375TOTAL$1.593750$1.593750$0.00$0.00$0.00$1.593750 Shown as a Percentage (%)Payment DateDistributions Per ShareNon-Qualifying Ord. Income (1a)Total Long-Term Capital Gain (2a)Unrecaptured Sec. 1250 Gain (2b)Return of Capital (3)Section 199A Dividends (5)3/15/24$0.3984375 100%0%0%0%100%6/17/24$0.3984375 100%0%0%0%100%9/16/24$0.3984375 100%0%0%0%100%12/16/24$0.3984375100%0%0%0%100%TOTAL$1.593750100%0%0%0%100% NOTE: Section 199A Dividends (Box 5) is a subset of, and is included in, the Total Non-Qualifying Ordinary Income reported in Box 1a. DIVIDEND REINVESTMENT PLAN DISCOUNTS Common - CUSIP 903002103 DISCOUNT DATEFAIR MARKET VALUE ($) DISCOUNT PRICE ($) DISCOUNT ON D/R ($)1/16/202415.715 15.000 0.7152/15/202414.455 13.750 0.7053/15/202415.655 15.125 0.5304/15/202415.385 14.875 0.5105/15/202416.035 15.250 0.7856/17/202415.400 14.750 0.6507/15/202417.100 16.250 0.8508/15/202419.465 18.500 0.9659/16/202420.415 19.500 0.91510/15/202418.865 18.000 0.86511/15/202419.295 18.625 0.67012/16/202419.390 18.500 0.890 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 139 manufactured home communities, containing approximately 26,200 developed homesites, of which 10,300 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 139 communities are two communities in Florida, containing 363 sites that UMH owns and operates through its joint venture with Nuveen Real Estate. Contact: Nelli Madden 732-577-9997 #####

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