|Sun Communities Declares Common Stock and Preferred Stock First Quarter 2016 Distribution|
FOR FURTHER INFORMATION AT THE COMPANY:
Southfield, MI, March 8, 2016 - Sun Communities, Inc. (NYSE:SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates manufactured housing and recreational vehicle communities, today announced its Board of Directors declared a quarterly distribution of $0.65 per share of common stock for the first quarter of 2016. The distribution is payable April 15, 2016 to shareholders of record on March 31, 2016.
The Company's Board of Directors also declared a distribution of $0.4453125 per share on the Company's 7.125% Series A Cumulative Redeemable Preferred Stock (NYSE:SUI-PrA). The distribution is payable April 15, 2016 to shareholders of record on April 1, 2016.
The Company's Board of Directors also declared a distribution of $0.40625 per share on the Company's 6.50% Series A-4 Cumulative Convertible Preferred Stock. The distribution is payable on March 31, 2016 to shareholders of record on March 18, 2016.
Sun Communities, Inc. is a REIT that currently owns and operates a portfolio of 231 communities comprising approximately 88,400 developed sites.
For more information about Sun Communities, Inc. visit our website at www.suncommunities.com