{"schema_version":"secwatch.filing_event.v1","accession":"0000912593-26-000262","form_type":"8-K","ticker":"SUI","cik":"0000912593","company_name":"SUN COMMUNITIES INC","filed_at":"2026-10-02T15:19:17+00:00","discovered_at":"2026-10-02T15:20:02.252332+00:00","generated_at":"2026-10-12T14:33:51.945814+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"SUI creates Series M Preferred; issues 283,126 units at $100 for Oregon asset contribution","bullets":["SCOLP issued 283,126 Series M Preferred Units at $100/unit, or $28.3M, to Saint Lucia/Rowan Oak MHC, LLC as consideration for assets including Eugene, Oregon real property.","Series M distributions: 3.2%/year until Oct 1, 2027, 3.4% until Oct 1, 2028, then 3.6%; cumulative quarterly payments on Mar 31, Jun 30, Sep 30, Dec 31.","Each Series M unit exchangeable into SUI common at $100.00/$174.00 = 0.5747 shares; holders may redeem for $100/unit plus accrued distributions on or after Oct 1, 2027.","Series M ranks senior to Common OP Units and Series A-3 Preferred Units, junior to all other SCOLP preferred series except A-3.","Distributions on Series M units are cumulative from the Oct 1, 2026 issuance date, payable quarterly in arrears; no stated maturity."],"urls":{"canonical":"https://secwatch.observer/filing/0000912593-26-000262","json":"https://secwatch.observer/filing/0000912593-26-000262.json","markdown":"https://secwatch.observer/filing/0000912593-26-000262.md","text":"https://secwatch.observer/filing/0000912593-26-000262.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912593/000091259326000262/0000912593-26-000262-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912593/000091259326000262/sui-20261001.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:33:51.945814+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}