Sun Communities, Inc. Announces Tax Treatment of 2022 Distributions

Rhea-AI Summary

Southfield, MI, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) announced the tax treatment of its 2022 common share distributions. The total capital gain distribution is $3.470000 per share, while ordinary taxable dividends include $2.554543 per share, with qualified and unqualified dividends also detailed. Notably, the company had several distribution dates and amounts throughout 2022, with shareholders encouraged to consult tax advisors regarding the specific treatment of these distributions. As of September 30, 2022, the company owned an interest in 662 properties across various locations.

Positive

• Total capital gain distribution of $3.470000 per share.
• Ordinary taxable dividends of $2.554543 per share.
• Ownership interest in 662 properties, enhancing revenue potential.

Negative

• None.

Southfield, MI, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company") announced the tax treatment of its 2022 common share distributions.

Common Shares (CUSIP No. 866674104) - SUI

Declared Date	Record Date	Payable Date	Distribution ($ per share)		Ordinary Taxable Dividend (2) ($ per share)		Qualified Taxable Dividend (2) ($ per share)		Non Dividend Distribution ($ per share)
12/01/21	12/31/21	01/18/22	$	0.830000	$	0.611029	$	0.006504	$	0.218971
03/08/22	03/31/22	04/15/22	$	0.880000	$	0.647838	$	0.006895	$	0.232162
06/01/22	06/30/22	07/15/22	$	0.880000	$	0.647838	$	0.006895	$	0.232162
09/01/22	09/30/22	10/14/22	$	0.880000	$	0.647838	$	0.006895	$	0.232162
			$	3.470000	$	2.554543	$	0.027189	$	0.915457

Declared Date	Record Date	Payable Date	Total Capital Gain Distribution ($ per share)		Unrecaptured Section 1250 Gain (1) ($ per share)		Section 199A Dividend (2) ($ per share)
12/01/21	12/31/21	01/18/22	$	0.000000	$	0.000000	$	0.604525
03/08/22	03/31/22	04/15/22	$	0.000000	$	0.000000	$	0.640943
06/01/22	06/30/22	07/15/22	$	0.000000	$	0.000000	$	0.640943
09/01/22	09/30/22	10/14/22	$	0.000000	$	0.000000	$	0.640943
			$	0.000000	$	0.000000	$	2.527354

(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 and Qualified Taxable Dividend are subsets 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. is a real estate investment trust that, as of September 30, 2022, owned, operated or had an interest in 662 developed MH, RV and Marina properties, comprising over 180,500 developed sites and over 46,100 wet slips and dry storage spaces in 39 states, the United Kingdom, Canada, and Puerto Rico.

FOR FURTHER INFORMATION AT THE COMPANY:        

Fernando Castro-Caratini
Chief Financial Officer
(248) 208-2500
www.suncommunities.com

FAQ

What is the tax treatment for Sun Communities (SUI) 2022 distributions?

The tax treatment includes a total capital gain distribution of $3.470000 per share and ordinary taxable dividends of $2.554543 per share.

When were the distribution dates for SUI's 2022 common shares?

The distribution dates varied throughout 2022, including several dates from January to October.

What is the significance of Sun Communities' 2022 distributions?

These distributions reflect the company's financial performance, with substantial capital gains and ordinary taxable dividends.

How many properties does Sun Communities (SUI) own?

As of September 30, 2022, Sun Communities owned, operated, or had an interest in 662 properties.

Should shareholders consult tax advisors regarding SUI distributions?

Yes, shareholders are encouraged to consult their tax advisors for specific tax treatment guidance.