Sun Communities unit sells UK holiday park portfolio for £785.7M base; authorizes $1B buyback

SUN COMMUNITIES INC

Base consideration £785,677,329.58 for sale of Crown Holdco, Ocean One Hundred, SCI Bidco, Time GB shares to Panther Bidco.
Additional daily consideration of up to £206,575.50/day from 1 May 2026 until closing, with adjustments.
Board authorized up to $1B common stock repurchase, effective May 27, 2026 through May 27, 2027.
Transaction agreement filed as Exhibit 2.1; closing subject to conditions.

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