Preferred Stock Calendar: UMH Properties selling preferreds

On The Horizon

UMH PROPERTIES INC.:

• $50 million series B cumulative redeemable perpetual preferred stock

• Price talk 7.375% to 7.5%

• CSCA Capital Advisors LLC (bookrunner)

• Redeemable 2020 or upon a delisting event or change of control at par plus accrued dividends

• Proceeds will be used for acquisitions and for general corporate purposes, which includes the possible repayment of short-term debt.

• Freehold, N.J.-based real estate investment trust

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