Core Viewpoint - UMH Properties, Inc. has successfully completed the sale of approximately $80.2 million of its 5.85% Series B Bonds due 2030 to investors in Israel, with proceeds intended for working capital and general corporate purposes [1] Group 1: Bond Details - The 2030 Bonds will pay interest at a rate of 5.85% per year, with interest payments scheduled semi-annually on June 30 and December 31, starting December 31, 2025 [2] - The principal amount of the 2030 Bonds is due on June 30, 2030, and the principal and interest are linked to the U.S. Dollar [2] - The 2030 Bonds are general unsecured obligations and rank equally with the Company's existing and future unsecured indebtedness, governed by a deed of trust that includes customary covenants and events of default [3] Group 2: Regulatory Information - The 2030 Bonds have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States or to U.S. Persons without registration or an applicable exemption [4] - The offering of the 2030 Bonds was conducted solely for investors outside the United States in accordance with Regulation S under the Securities Act [4] Group 3: Company Overview - UMH Properties, Inc. is a public equity REIT established in 1968, owning and operating 143 manufactured home communities with approximately 26,700 developed homesites, including around 10,600 rental homes and over 1,000 self-storage units across multiple states [6]
UMH PROPERTIES, INC. ANNOUNCES SALE OF $80.2 MILLION OF UNSECURED BONDS IN ISRAEL