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Sun Communities converts series A-4 preferred securities

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Sun Communities converts series A-4 preferred securities

Sun Communities Inc. converted all outstanding shares of its 6.50% series A-4 cumulative convertible preferred stock and its series A-4 preferred units that were issued by Sun Communities Operating LP into common stock and common operating partnership units.

On Dec. 13, the manufactured home real estate investment trust converted 1,031,747 shares of series A-4 preferred stock into 458,554 common shares, while 405,656 series A-4 preferred OP units were converted into 180,291 common operating partnership units.