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Sun Communities prices common stock offering

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Sun Communities prices common stock offering

Sun Communities Inc. priced its public offering of 3,250,000 shares of common stock.

Underwriters have a 30-day option to purchase up to an additional 487,500 shares of common stock. Net proceeds are expected to be used to repay debt and for other general corporate purposes.

The offering is expected to close May 31.

BofA Merrill Lynch, Citigroup, BMO Capital Markets and RBC Capital Markets are the joint book-running managers for the offering.