---
schema_version: "secwatch.filing_event.v1"
accession: "0000912593-24-000004"
form_type: "8-K"
ticker: "SUI"
cik: "0000912593"
company_name: "SUN COMMUNITIES INC"
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T05:00:46.475944+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Sun Communities creates Series L Preferred Units with 3.5% distribution, exchangeable at $160/unit

## Summary
- Issued 20,000 Series L Preferred Units at $100/unit as consideration for contributed assets.
- Series L Preferred Units pay 3.5% annual cumulative distribution, payable quarterly.
- Each Series L Preferred Unit exchangeable for 0.625 Common OP units (conversion price $160).
- Company can force exchange after 5 years or if stock price ≥ $192 for 60 trading days.
- Units rank senior to Common OP Units but junior to other preferred series.

## SEC filing metadata
- accession: 0000912593-24-000004
- form_type: 8-K
- ticker: SUI
- cik: 0000912593
- company_name: SUN COMMUNITIES INC
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912593/000091259324000004/0000912593-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912593/000091259324000004/sui-20231231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912593-24-000004
- JSON: https://secwatch.observer/filing/0000912593-24-000004.json
- Plain text: https://secwatch.observer/filing/0000912593-24-000004.txt

## Key facts
- Material Agreements
  SUN COMMUNITIES INC amended Twelfth Amendment to the Fourth Amended and Restated Agreement of Limited Partnership of SCOLP (effective 2023-12-31).
  - Action: amendment
  - Effective: 2023-12-31
  source text: Effective December 31, 2023, Sun Communities, Inc. (the “Company”), as general partner of its operating subsidiary Sun Communities Operating Limited Partnership (“SCOLP”), entered into the Twelfth Amendment to the Fourth Amended and Restated Agreement of Limited Partnership of SCOLP (the “Partnership Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/912593/000091259324000004/0000912593-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.