SEC Filings

424B5
SUN COMMUNITIES INC filed this Form 424B5 on 05/28/2019
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Table of Contents

Our share price could be volatile and could decline, resulting in a substantial or complete loss on your investment.

The stock markets, including the NYSE, on which we list our common stock, have experienced significant price and volume fluctuations. As a result, the market price of our common stock could be similarly volatile, and investors in our common stock may experience a decrease in the value of their shares, including decreases unrelated to our operating performance or prospects. The price of our common stock could be subject to wide fluctuations in response to a number of factors, including:

 

   

issuances of other equity securities in the future, including series or classes of preferred stock;

 

   

our operating performance and the performance of other similar companies;

 

   

our ability to maintain compliance with covenants contained in our debt facilities;

 

   

actual or anticipated variations in our operating results, funds from operations, cash flows or liquidity;

 

   

changes in expectations of future financial performance or changes in our earnings estimates or those of analysts;

 

   

changes in our distribution policy;

 

   

the market for similar securities;

 

   

publication of research reports about us or the real estate industry generally;

 

   

increases in market interest rates that lead purchasers of our common stock to demand a higher dividend yield;

 

   

changes in foreign currency exchange rates, including between the U.S. dollar and each of the Canadian dollar and the Australian dollar;

 

   

changes in market valuations of similar companies;

 

   

adverse market reaction to the amount of our debt outstanding at any time, the amount of our debt maturing in the near- and medium-term and our ability to refinance our debt, or our plans to incur additional debt in the future;

 

   

additions or departures of key management personnel;

 

   

speculation in the press or investment community;

 

   

equity issuances by us, or share resales by our stockholders, or the perception that such issuances or resales may occur;

 

   

actions by institutional stockholders;

 

   

general market, economic and political conditions; and

 

   

the realization of any of the other risk factors included or incorporated by reference in this prospectus supplement and the accompanying prospectus.

Many of the factors listed above are beyond our control. Those factors may cause the market price of our common stock to decline significantly, regardless of our financial condition, results of operations and prospects. It is impossible to provide any assurance that the market price of our common stock will not fall in the future, and it may be difficult for holders to resell shares of our common stock at prices they find attractive, or at all. In the past, securities class action litigation has often been instituted against companies following periods of volatility in their stock price. This type of litigation could result in substantial costs and divert our management’s attention and resources.

 

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