FAQs

FAQa

Frequently Asked Questions

Does the Trust have a Distribution Reinvestment Plan?

The DRP had provided an efficient means by which shareholders could reinvest distributions received to purchase additional shares of beneficial interest. Optimal benefits of participation in the DRP were realized when the distributions represented payments of dividends on invested capital. Because of the low interest rate environment and the other effects of the financial crisis that impacted the credit markets beginning in 2008, we have only been able to keep up a satisfactory cash flow to our shareholders by including an increasing amount of returned capital as part of our distributions.

Our Trustees believed that the Plan was not providing an appropriate benefit to shareholders when distributions of capital are being reinvested in new UMT shares. For that reason, our Trustees suspended the DRP effective April 15, 2015. After that date, plan participants will no longer have any part of their distributions reinvested in UMT shares. Effective April 15, 2015, pursuant to the terms of the DRP, the Board of Trustees elected to suspend the DRP until further notice. Please refer to our Report on Form 8-K filed on March 3, 2015 for further information about the modification to the DRP.

Does the Trust have a Share Redemption Plan?

Currently our share redemptions are limited to death and medical hardship requests as approved by our Trustees on a case-by-case basis.  Any approved death or hardship requests are subject to available liquidity.