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.