As noted by Eugene in reader alerts REIT UMH Properties (NYSE:UMH) has re-opened the 6.75% perpetual preferred issue with the selling of 2 million new shares.
The issue can be seen here. The issue has taken quite a little tumble with the reopening–around 3%.
Disclosure–we did take a position on this drop at $24.91. I am looking to hold for 1-2% gain when investors come to their senses.