Sun Communities, Inc. Announces Tax Treatment of 2015 Distributions
FOR FURTHER INFORMATION AT THE COMPANY:
Karen J. Dearing
Chief Financial Officer
(248) 208-2500
Southfield, MI, January 12, 2016 - Sun Communities, Inc. (NYSE:SUI) (the "Company") announced the tax treatment of its 2015 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) | |||||
| 12/31/2014 | 1/16/2015 | $0.650000 | $0.270680 | $0.195837 | $0.183483 | $0.094398 | |||||
| 3/31/2015 | 4/17/2015 | $0.650000 | $0.270680 | $0.195837 | $0.183483 | $0.094398 | |||||
| 6/30/2015 | 7/17/2015 | $0.650000 | $0.270680 | $0.195837 | $0.183483 | $0.094398 | |||||
| 9/30/2015 | 10/16/2015 | $0.650000 | $0.270680 | $0.195837 | $0.183483 | $0.094398 | |||||
| $2.600000 | $1.082720 | $0.783348 | $0.733932 | $0.377592 | |||||||
Series A Cumulative Redeemable Preferred Stock (CUSIP No. 866674 203)- SUI-PRA
| Record Date | Payable Date | Distribution Per Share | Ordinary Taxable Dividend | Total Capital Gain Distribution | Unrecaptured Section 1250 Gain (1) | ||||
| 1/2/2015 | 1/15/2015 | $0.4453125 | $0.3111456 | $0.1341669 | $0.0646719 | ||||
| 4/1/2015 | 4/15/2015 | $0.4453125 | $0.3111456 | $0.1341669 | $0.0646719 | ||||
| 7/1/2015 | 7/15/2015 | $0.4453125 | $0.3111456 | $0.1341669 | $0.0646719 | ||||
| 10/1/2015 | 10/15/2015 | $0.4453125 | $0.3111456 | $0.1341669 | $0.0646719 | ||||
| $1.7812500 | $1.2445824 | $0.5366676 | $0.2586876 | ||||||
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) | ||||
| 3/19/2015 | 3/31/2015 | $0.406250 | $0.283852 | $0.122398 | $0.058999 | ||||
| 6/19/2015 | 6/30/2015 | $0.406250 | $0.283852 | $0.122398 | $0.058999 | ||||
| 9/18/2015 | 9/30/2015 | $0.406250 | $0.283852 | $0.122398 | $0.058999 | ||||
| 12/18/2015 | 12/31/2015 | $0.406250 | $0.283852 | $0.122398 | $0.058999 | ||||
| $1.625000 | $1.135408 | $0.489592 | $0.235996 | ||||||
(1) Unrecaptured Section 1250 Gain is a subset of, and included in, the 2015 Total Capital Gain Distribution amount.
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 a portfolio of 235 communities comprising approximately 88,400 developed sites.
For more information about Sun Communities, Inc.
visit our website at www.suncommunities.com