MHProNews has learned from marketwatch that real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI), owner and operator of manufactured home and recreational vehicle communities, has declared a quarterly distribution of $0.65 per share of common stock for Q3 2015, payable Oct. 16, 2015 to shareholders of record as of Sept. 30, 2015.

Sun’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 to shareholders of record on Oct. 1, 2015, payable Oct.15, 2015.

Moreover, on the Company’s 6.50% Series A-4 Cumulative Convertible Preferred Stock, the board declared a distribution of $0.40625 per share payable on Sept. 30, 2015 to shareholders of record on Sept. 18, 2015.

Based in Southfield, Michigan, Sun owns and operates 251 MH and RV communities in the U. S. comprised of 93,360 developed sites. As MHProNews reported July 29, 2015, Sun is the second largest REIT in the manufactured housing sector, and recently acquired a 59 community portfolio from American Land Lease. ##

(Photo credit: Sun Communities, Inc.)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.