Brief: Sun Communities Announces Planned Disposition Of Stake In Ingenia

Sun Communities

12/10/2023 06:55

Oct 12 (Reuters) - Sun Communities Inc  SUI.N :
    * SUN COMMUNITIES, INC. ANNOUNCES PLANNED DISPOSITION OF
STAKE IN
INGENIA
    * INITIATING DIVESTMENT OF COMPANY'S ABOUT 41.8 MILLION
SHARES,
EQUATING TO AN APPROXIMATELY 10.25% HOLDING, IN INGENIA
COMMUNITIES
    * COMPANY HAS DECIDED TO DISPOSE OF ITS DIRECT HOLDINGS IN
INGENIA
SHARES AND TO USE NET PROCEEDS TO PAY DOWN DEBT.
    * SALE IS ANTICIPATED TO GENERATE A MINIMUM NET PROCEEDS OF
US$100
MILLION
    * SUN COMMUNITIES- INITIATING A DIVESTMENT OF CO'S ABOUT
41.8
MILLION SHARES, EQUATING TO AN APPROXIMATELY 10.25% HOLDING, IN
INGENIA COMMUNITIES GROUP

Source text for Eikon:  ID:nGNX7qGZ0P 
Further company coverage:  SUI.N 

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