UMH Properties, Inc. to List Shares on the New York Stock Exchange
FREEHOLD, N.J., Feb. 22, 2012 /PRNewswire/ -- UMH Properties, Inc., (NYSE Amex: UMH) today announced that it is transferring the listings of its common and preferred stock to the New York Stock Exchange ("NYSE") from the NYSE Amex. The Company expects to begin trading on the NYSE on Friday, March 2, 2012. The Company will retain its stock tickers (NYSE: UMH) for the common shares and (NYSE: UMH Pr A) for the preferred shares. The Company's common stock and preferred stock will continue to trade on the NYSE Amex until the transfer is completed.
"We are thrilled to welcome UMH Properties, Inc., a REIT pioneer, to the NYSE," said Scott R. Cutler, NYSE Executive Vice President and Co-Head of U.S. Listings and Cash Execution. "The Company and its shareholders will continue to benefit from their association with the NYSE's market, services and dominant network of REIT companies."
"We are looking forward to moving onto the New York Stock Exchange," said UMH's Chairman of the Board, Eugene W. Landy. "The vast majority of the US REIT market trades on the NYSE. We are excited to be joining our peers and anticipate that this move will result in increased liquidity and visibility for our shareholders."
Samuel A. Landy, President, noted that, "UMH has acquired $57 million of additional manufactured home communities over the past two years and plans to continue its acquisitions program in 2012 and 2013."
UMH Properties, Inc., a publicly-owned REIT, owns and operates forty-one manufactured home communities with approximately 9,000 total developed homesites located in Indiana, New Jersey, New York, Ohio, Pennsylvania, and Tennessee. In addition, the Company owns a portfolio of REIT securities.
SOURCE UMH Properties, Inc.