ELS enters new $700M equity distribution program; terminates prior ATM facility

EQUITY LIFESTYLE PROPERTIES INC

New Equity Distribution Agreements allow up to $700M of common stock sales via nine agents.
Prior February 2024 agreements terminated; $182.6M of capacity remained unsold.
Proceeds for general corporate purposes: debt repayment, acquisitions, development, working capital.
Sales may be in at-the-market or negotiated transactions, commission capped at 2.0%.
Program effective November 1, 2024; shelf registration statement S-3ASR used.

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