Southfield, MI, January 17, 2018 - Sun Communities, Inc. (NYSE:SUI) (the "Company") announced the tax treatment of its 2017 common and preferred share distributions.
Common Shares (CUSIP No. 866674104) - SUI
| Record Date | Payable Date | Distribution Per Share | Ordinary Taxable Dividend | Total Capital Gain Distribution | Non Dividend Distribution | Unrecaptured Section 1250 Gain (1) | |||||
| 12/31/2016 | 1/20/2017 | $0.650000 | $0.201917 | $0.000000 | $0.448083 | $0.000000 | |||||
| 3/31/2017 | 4/17/2017 | $0.670000 | $0.208130 | $0.000000 | $0.461870 | $0.000000 | |||||
| 6/30/2017 | 7/17/2017 | $0.670000 | $0.208130 | $0.000000 | $0.461870 | $0.000000 | |||||
| 9/29/2017 | 10/16/2017 | $0.670000 | $0.208130 | $0.000000 | $0.461870 | $0.000000 | |||||
| $2.660000 | $0.826307 | $0.000000 | $1.833693 | $0.000000 | |||||||
Series A Cumulative Redeemable Preferred Stock (CUSIP No. 866674 203) - SUI-PRA(2)
| Record Date | Payable Date | Distribution Per Share | Ordinary Taxable Dividend | Total Capital Gain Distribution | Unrecaptured Section 1250 Gain (1) | ||||
| 12/31/2016 | 1/17/2017 | $0.4453125 | $0.4453125 | $0.0000000 | $0.0000000 | ||||
| 3/31/2017 | 4/17/2017 | $0.4453125 | $0. 4453125 | $0.0000000 | $0.0000000 | ||||
| 6/30/2017 | 7/17/2017 | $0.4453125 | $0. 4453125 | $0.0000000 | $0.0000000 | ||||
| 9/29/2017 | 10/16/2017 | $0.4453125 | $0.4453125 | $0.0000000 | $0.0000000 | ||||
| $1.7812500 | $1.7812500 | $0.0000000 | $0.0000000 | ||||||
Series A-4 Cumulative Convertible Preferred Stock (CUSIP No. 866674 302)
| Record Date | Payable Date | Distribution Per Share | Ordinary Taxable Dividend | Total Capital Gain Distribution | Unrecaptured Section 1250 Gain (1) | ||||
| 3/17/2017 | 3/31/2017 | $0.406250 | $0.406250 | $0.000000 | $0.000000 | ||||
| 6/16/2017 | 6/30/2017 | $0.406250 | $0.406250 | $0.000000 | $0.000000 | ||||
| 9/15/2017 | 10/2/2017 | $0.406250 | $0.406250 | $0.000000 | $0.000000 | ||||
| 12/21/2017 | 1/2/2018 | $0.406250 | $0.406250 | $0.000000 | $0.000000 | ||||
| $1.625000 | $1.625000 | $0.000000 | $0.000000 | ||||||
(1) To the extent that Unrecaptured Section 1250 Gain exists, the gain is a subset of, and included in, the Total Capital Gain Distribution amount.
(2) All of the issued and outstanding Series A Cumulative Redeemable Preferred Stock was redeemed on November 14, 2017 (the "Redemption Date"). The amount of $25.00 per share plus any accrued and unpaid distribution up to, but not including, the Redemption Date, without interest, in an amount equal to $0.14349 per share, for a total amount of $25.14349 per share were distributed.
Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.
Sun Communities, Inc. is a REIT that currently owns and operates or has an interest in a portfolio of 350 communities comprising approximately 122,000 developed sites.
For more information about Sun Communities, Inc. visit our website at www.suncommunities.com
FOR FURTHER INFORMATION AT THE COMPANY:
Karen J. Dearing
Chief Financial Officer
(248) 208-2500