other material
confidence medium
sentiment neutral
materiality 0.30
Sun Communities OP issues 19,326 common units at $130.98/unit for asset contribution
SUN COMMUNITIES INC
- 19,326 common OP units issued at $130.9799 per unit (approx. $2.53M in value).
- Units were consideration for contribution of certain assets to SCOLP.
- Each unit is exchangeable for one share of Sun Communities common stock at holder's option.
- Holder agreed not to sell underlying shares for six months after April 1, 2024.