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Equity LifeStyle Properties seeks to raise common share authorization

Equity LifeStyle Properties Inc. aims to increase the number of common shares it is authorized to issue to 400.0 million from 200.0 million.

The proposed charter amendment will also lift the total number of share of stock Equity LifeStyle is authorized to issue to 410.0 million from 210.0 million.

The manufactured-home real estate investment trust's board has already approved the proposed amendment, which will now be put to a shareholder vote at the company's annual stockholder meeting scheduled for April 30.