American Land Lease, Inc. announced that it’s Company’s Board of Directors declared a quarterly cash dividend on its 7.75% Series A Preferred Shares.

Dividends on the Company’s Series A Preferred Shares are payable on December 1, 2014 to shareholders of record as of the close of business on November 20, 2014 and will be $0.4844 per share, MHProNews has learned.

As regular Daily Business News readers know, American Land Lease, Inc. is a Clearwater, Florida-based real estate investment trust that owns and manages high-quality residential land-lease communities, aka manufactured home communities (or to those using dated terminology, ‘mobile home parks’).

The firm operates approximately 19,325 land-lease home sites in communities located in 11 states that are owned directly or by affiliated entities. The firm entered into an agreement earlier this year to be acquired by Sun Communities, in a $1.32 billion dollar deal, that should be nearing completion.

Additional details can be obtained from their General Counsel, Benjamin S. Allen. ##