The board also declared a quarterly distribution of $0.441325 per share on the Company’s 7.125% Series A Cumulative Redeemable Preferred Stock, payable April 15, 2016 to shareholders of record April 1, 2016.
Additionally, Sun’s Board of Directors declared a distribution of the company’s 6.50% Series A-4 Cumulative Convertible Preferred Stock of $0.40625 per share. This distribution is payable March 31, 2016 to shareholders of record on March 18, 2016.
In trading today on the NYSE Sun’s stock closed down -0.15 percent at $66.88.
Sun Communities is a real estate investment trust (REIT) that owns a portfolio of 231 communities comprised of 88,400 developed home sites, of which 183 are manufactured home communities (MHCs). ##
(Photo credit: Sun Communities, Inc–Palm Creek MH and RV resort)
