Sun Communities, Inc. Announces Tax Treatment of 2017 Distributions
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