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PROSPECTUS SUPPLEMENT
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Filed pursuant to Rule 424(b)(5) |
(To Prospectus Dated December 8, 2008 and
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Registration No. 333-156002 |
Prospectus Supplement Dated September 15, 2009) |
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4,832,838 Shares
UDR, INC.
Common Stock
Pursuant to the ATM Equity OfferingSM* sales agreement dated September
15, 2009, entered into between us and Merrill Lynch, Pierce, Fenner & Smith Incorporated, or
BAML, and Morgan Stanley & Co. Incorporated, or MS, which was filed as an exhibit to our
Current Report on Form 8-K filed with the Securities and Exchange Commission on September 15, 2009
and is incorporated herein by reference, we sold 4,832,838 shares of our common stock, par value
$0.01 per share, including 1,785,900 shares through BAML and 3,046,938 shares through MS, each
acting as our agent, in ordinary brokers transactions between February 10, 2010 and May 3, 2010,
at an average sales price of $17.4362 per share, for aggregate gross proceeds of approximately
$84,266,252. Our aggregate net proceeds from such sales were approximately $82,582,182, after
deducting related expenses, including commissions to BAML of approximately $648,156, commissions to
MS of approximately $1,034,180, and SEC fees of $1,734.
Our common stock is listed and trades on the New York Stock Exchange, or NYSE, under the
symbol UDR. The last reported sale price of our common stock on the NYSE on May 3, 2010 was
$21.12 per share.
This prospectus supplement should be read in conjunction with, and may not be delivered or
utilized without, the prospectus dated December 8, 2008, the prospectus supplement dated September
15, 2009, the prospectus supplement dated October 20, 2009 and the prospectus supplement dated
February 10, 2010.
Investing in our common stock involves risks. See Risk Factors beginning on page S-3 of the
accompanying prospectus supplement dated September 15, 2009 and on page 1 of the accompanying
prospectus dated December 8, 2008, and the risks set forth under the caption Item 1A. Risk
Factors included in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or determined if this prospectus supplement or the
accompanying prospectus or prospectus supplement is truthful or complete. Any representation to
the contrary is a criminal offense.
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BofA Merrill Lynch
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Morgan Stanley |
The date of this prospectus supplement is May 4, 2010.
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* |
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ATM Equity Offering is a service mark of Merrill Lynch & Co., Inc. |