Sun Communities, Inc. Announces Tax Treatment of 2023 Distributions

Rhea-AI Summary

Sun Communities, Inc. (SUI) has announced the tax treatment of its 2023 common share distributions. The company declared a total distribution of $3.67 per share, with $2.30 per share as an ordinary taxable dividend and $0.58 per share as a qualified taxable dividend. Shareholders are advised to consult with their tax advisors for specific tax treatment.

Southfield, MI, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company") announced the tax treatment of its 2023 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)
12/01/22	12/30/22	01/17/23	$	0.880000	$	0.551034	$	0.005928	$	0.328966
03/03/23	03/31/23	04/17/23	$	0.930000	$	0.582342	$	0.006265	$	0.347658
06/06/23	06/30/23	07/17/23	$	0.930000	$	0.582342	$	0.006265	$	0.347658
08/17/23	09/29/23	10/16/23	$	0.930000	$	0.582342	$	0.006265	$	0.347658
			$	3.670000	$	2.298060	$	0.024723	$	1.371940

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)
12/01/22	12/30/22	01/17/23	$	0.000000	$	0.000000	$	0.545106
03/03/23	03/31/23	04/17/23	$	0.000000	$	0.000000	$	0.576077
06/06/23	06/30/23	07/17/23	$	0.000000	$	0.000000	$	0.576077
08/17/23	09/29/23	10/16/23	$	0.000000	$	0.000000	$	0.576077
			$	0.000000	$	0.000000	$	2.273337

(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 REIT that, as of September 30, 2023, owned, operated, or had an interest in a portfolio of 670 developed properties comprising approximately 180,170 developed sites and approximately 48,030 wet slips and dry storage spaces in the United States, the United Kingdom and Canada.

FOR FURTHER INFORMATION AT THE COMPANY:        

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

FAQ

What is the ticker symbol for Sun Communities, Inc.?

The ticker symbol for Sun Communities, Inc. is SUI.

What is the total distribution per share declared by Sun Communities, Inc. for 2023?

Sun Communities, Inc. declared a total distribution of $3.67 per share for 2023.

What portion of the distribution is considered as an ordinary taxable dividend?

The ordinary taxable dividend portion of the distribution is $2.30 per share.

What should shareholders do regarding the tax treatment of the distributions?

Shareholders are encouraged to consult with their tax advisors for the specific tax treatment of the distributions they received from Sun Communities, Inc.