Manufactured Housing Properties Inc. Raises $3.4 Million on Initial Closing of Offering

Dec 05, 2019

CHARLOTTE, NC / ACCESSWIRE / December 5, 2019 / Manufactured Housing Properties Inc. (OTC PINK:MHPC), which acquires, owns, and operates manufactured housing communities today announced that on November 29, 2019 it completed an initial closing of its offering of up to 1,000,000 shares of its Series B Cumulative Redeemable Preferred Stock at a price of $10.00 per share (the "Offering"), pursuant to which the Company sold an aggregate of 335,512 shares of Series B Preferred Stock to 103 investors for total gross proceeds of $3,355,120. As a bonus, the first 400 investors in the Offering will receive 100 shares of the Company's common stock, regardless of the amount invested in the Offering. In connection with the initial closing, the Company issued 10,300 shares of its common stock to these early investors.

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