Underwriters’ over-allotment is a further 1.2M shares.
The Firm has entered right into a ahead sale settlement with Citibank, whereby the Ahead Purchaser or its associates are anticipated to promote 8M shares of frequent inventory.
SUI will initially not obtain any proceeds from the sale of shares by the Ahead Purchaser.
Citigroup, BofA Securities, BMO Capital Markets, J.P. Morgan and RBC Capital Markets are performing as book-running managers for the providing.
Cut-off date is October 5.
Beforehand: Sun Communities readies 5.6M shares public offering (Sept. 30)