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Quotes & Info
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| UMH > SEC Filings for UMH > Form 8-K on 2-Jul-2009 | All Recent SEC Filings |
2-Jul-2009
Other Events
On July 2, 2009, the Company issued a press release announcing that the Board of Directors of UMH Properties, Inc. renewed its approval of a share repurchase program that authorizes the Company to purchase up to $10 million in the aggregate of the Company's common stock. The Board initially approved a share repurchase program on June 17, 2008. To date, no shares have been repurchased.
The share repurchase program is intended to be implemented through purchases made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or block trades, or by any combination of such methods, in accordance with applicable insider trading and other securities laws and regulations.
The size, scope and timing of any purchases will be based on business, market and other conditions and factors, including price, regulatory and contractual requirements or consents, and capital availability.
The repurchase program does not require the Company to acquire any particular
amount of common stock, and the program may be suspended, modified or
discontinued at any time at the Company's discretion without prior notice.
Shares of stock repurchased under the program will be held as treasury shares.
A copy of the Company's press release announcing these matters is attached to this Current Report on Form 8-K as Exhibit 99.
Item 9.01
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