Southfield, MI, Jan. 17, 2019 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE:SUI) (the “Company”) announced the tax treatment of its 2018 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) |
Section 199A Dividend(2) |
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| 12/29/2017 | 01/16/2018 | $0.670000 | $0.377752 | $0.032142 | $0.260106 | $0.000000 | $0.377752 | |||||
| 03/29/2018 | 04/16/2018 | $0.710000 | $0.400305 | $0.034060 | $0.275635 | $0.000000 | $0.400305 | |||||
| 06/29/2018 | 07/16/2018 | $0.710000 | $0.400305 | $0.034060 | $0.275635 | $0.000000 | $0.400305 | |||||
| 09/28/2018 | 10/15/2018 | $0.710000 | $0.400305 | $0.034060 | $0.275635 | $0.000000 | $0.400305 | |||||
| $2.800000 | $1.578667 | $0.134322 | $1.087011 | $0.000000 | $1.578667 | |||||||
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) |
Section 199A Dividend(2) |
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| 03/16/2018 | 04/02/2018 | $0.406250 | $0.386761 | $0.019489 | $0.000000 | $0.386761 | |||
| 06/18/2018 | 07/02/2018 | $0.406250 | $0.386761 | $0.019489 | $0.000000 | $0.386761 | |||
| 09/14/2018 | 10/01/2018 | $0.406250 | $0.386761 | $0.019489 | $0.000000 | $0.386761 | |||
| 12/14/2018 | 12/31/2018 | $0.406250 | $0.386761 | $0.019489 | $0.000000 | $0.386761 | |||
| $1.625000 | $1.547044 | $0.077956 | $0.000000 | $1.547044 | |||||
(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) The Section 199A dividend is a subset of, and included in, the Ordinary Taxable Dividend.
Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.
About Sun Communities, Inc.
Sun Communities, Inc. (NYSE:SUI) is a REIT that currently owns and operates or has an interest in a portfolio of 370 communities comprising over 127,000 developed sites as of September 30, 2018.
FOR FURTHER INFORMATION AT THE COMPANY:
Karen J. Dearing
Chief Financial Officer
(248) 208-2500
