Erez Asset Management Issues Open Letter to UMH Properties Shareholders Announcing Intention to "WITHHOLD" Support for Director Matthew Hirsch at the 2026 Annual Meeting
Activist investor Erez Asset Management, which owns approximately 4% of UMH Properties, issued an open letter urging shareholders to withhold support for Presiding Independent Director Matthew I. Hirsch at the upcoming annual meeting. The firm cited persistent underperformance, a significant valuation discount to net asset value, and unacceptable governance practices, noting that proxy advisor ISS has also recommended withholding votes for Mr. Hirsch.
Key figures
- Annual meeting date
- May 27, 2026
- Ownership percentage
- 4%
- Average board tenure years
- 18
- Historical withhold percent
- 40%
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.