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Sun Communities to fully redeem series A preferred stock

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Sun Communities to fully redeem series A preferred stock

Sun Communities Inc. plans to redeem all its outstanding 7.125% series A cumulative redeemable preferred stock Nov. 14.

The outstanding series A preferred shares total 3.4 million and have an $85.0 million aggregate liquidation preference.

The shares will be redeemed at a price of $25.14349 per share in cash, which includes accrued and unpaid distributions.