UMH Properties, Inc. Joins the Russell 3000(R) Index
June 30 2009 - 11:21AM
PR Newswire (US)
FREEHOLD, N.J., June 30 /PRNewswire-FirstCall/ -- UMH Properties,
Inc., (NYSE Amex: UMH) is proud to announce that it has been added
to the broad-market Russell 3000 Index, effective June 29, 2009.
Annual reconstitution of the Russell 3000 Index captures the 3,000
largest stocks as of the end of May, ranking them by total market
capitalization. Membership in the Russell 3000, which remains in
place for one year, means automatic inclusion in the large-cap
Russell 1000(R) Index or small-cap Russell 2000(R) Index as well as
the appropriate growth and value style indexes. Russell determines
membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes. Russell
indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and
active investment strategies. An industry-leading $2.3 trillion in
assets currently are benchmarked to them. Eugene W. Landy, Chairman
of the Board of UMH Properties, Inc., stated, "We are extremely
pleased to have UMH gain inclusion in the Russell 3000 Index. This
should result in both improved liquidity for our shareholders as
well as increased efficiency in the valuation of our shares." UMH
Properties, Inc., a publicly-owned REIT owns and operates
twenty-eight manufactured home communities located in New York, New
Jersey, Pennsylvania, Ohio and Tennessee. In addition, the Company
owns a portfolio of REIT securities. UMH has been in operation
since 1968, operating as a public company since 1985. DATASOURCE:
UMH Properties, Inc. CONTACT: Susan Jordan, UMH Properties, Inc.,
+1-732-577-9996
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