Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sun Communities Inc. > News item |
Sun Communities' 7.125% preferreds admitted to trading on NYSE
By Tali David
Minneapolis, Nov. 15 - Sun Communities, Inc.'s 7.125% series A cumulative redeemable preferred stock have been admitted to trading on the New York Stock Exchange, according to a notice.
The shares trade under the symbol "SUI PR A."
The company priced $75 million of the preferreds on Nov. 6.
Citigroup Global Markets Inc. and Bank of America Merrill lynch are the joint bookrunners.
The Southfield, Mich.-based real estate investment trust will use the proceeds from the offering for a planned acquisition of Rudgate Properties. Any remaining funds will be used for financing activities, to fund possible future acquisitions of properties and for working capital and general corporate purposes.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.