Solar Communities, Inc. Commences General public Supplying of 7,000,000 Shares of Widespread Stock NYSE:SUI

Southfield, MI, March 04, 2021 (Globe NEWSWIRE) — Solar Communities, Inc. (NYSE:SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates or has an curiosity in manufactured housing communities,  recreational vehicle resorts and marinas, nowadays announced that it has commenced an underwritten community featuring of an aggregate of 7,000,000 shares of its popular stock, consisting of 4,000,000 shares supplied right by the Business and 3,000,000 shares presented on a forward basis in link with the forward sale arrangement described under. The Firm expects to grant the underwriters a 30-day selection to purchase up to an more 1,050,000 shares of its common stock. 

The Corporation expects to enter into a forward sale settlement with Citibank, N.A. (the “Forward Purchaser”) with respect to 3,000,000 shares of its frequent inventory (or an aggregate of 4,050,000 shares if the underwriters training their choice to buy added shares in comprehensive). In relationship with the forward sale settlement, the Ahead Purchaser or its affiliate marketers are envisioned to borrow and promote to the underwriters an mixture of 3,000,000 shares of the prevalent stock that will be shipped in this presenting (or an combination of 4,050,000 shares if the underwriters workout their choice to purchase supplemental shares in total). Subject matter to the Company’s right to elect funds or internet share settlement, which appropriate is issue to sure problems, the Company intends to supply, upon physical settlement of such ahead sale agreement on one particular or extra dates specified by the Corporation taking place no afterwards than March 9, 2022, an aggregate of 3,000,000 shares of its frequent stock (or an mixture of 4,050,000 shares if the underwriters training their solution to order extra shares in comprehensive) to the Ahead Purchaser in trade for money proceeds for each share equivalent to the relevant forward sale price tag, which will be the community giving rate, fewer underwriting reductions and commissions, and will be subject matter to selected changes as presented in the forward sale agreement.

The Business will not in the beginning acquire any proceeds from the sale of shares of its common stock by the Ahead Purchaser or its affiliate marketers in the offering.

The Corporation intends to use the web proceeds from the sale of 4,000,000 shares of typical inventory made available specifically by the Business and the internet proceeds, if any, obtained upon the future settlement of the ahead sale arrangement to repay borrowings excellent beneath the revolving personal loan under the credit facility of its subsidiary Protected Harbor Marinas, LLC, to fund attainable long term acquisitions of houses and for doing the job funds and typical corporate functions.

Citigroup, BofA Securities, BMO Capital Markets, J.P. Morgan and RBC Funds Markets are acting as book-running supervisors for the providing. 

The offering will be created only by signifies of a prospectus nutritional supplement and accompanying prospectus, copies of which may be obtained by speaking to Citigroup, c/o Broadridge Monetary Options, 1155 Extensive Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146 or email to: [email protected]) by contacting BofA Securities, NC1-004-03-43, 200 North College or university Road, 3rd ground, Charlotte NC 28255-0001, Attn: Prospectus Department or by e mail at [email protected] by calling BMO Funds Marketplaces, 3 Periods Sq., 25th Floor, New York, NY 10036, Consideration: Syndicate Section, Telephone: (800) 414-3627, or by e-mail at [email protected] by getting in touch with J.P. Morgan Securities LLC, c/o Broadridge Money Solutions, 1155 Prolonged Island Avenue, Edgewood, New York 11717, by phone at (866) 803-9204 or by electronic mail at [email protected] or by making contact with RBC Capital Markets, LLC, 200 Vesey Street, 8th Flooring, New York, NY 10281-8098 Attention: Fairness Syndicate Cellular phone: 877-822-4089 E mail: [email protected].

This press release shall not represent an provide to offer or the solicitation of an give to acquire any securities, nor will there be any sale of these securities in any condition or jurisdiction in which this sort of an offer you, solicitation or sale is not permitted.

Sun Communities, Inc. is a REIT that, as of December 31, 2020, owned, operated, or experienced an fascination in a portfolio of 552 created made housing, leisure vehicle and marina homes comprising about 188,000 produced websites in 39 states and Ontario, Canada.

Forward Seeking Statements

This press release consists of different “forward-hunting statements” in the indicating of the Securities Act of 1933, as amended, and the Securities Trade Act of 1934, as amended, and the Organization intends that this sort of forward-looking statements will be topic to the secure harbors created therefore. Ahead-wanting statements can be identified by text this sort of as “will,” “may,” “could,” “expect,” “anticipate,” “believes,” “intends,” “should,” “plans,” “estimates,” “approximate,” “guidance,” and very similar expressions in this push release that forecast or indicate foreseeable future occasions and traits and that do not report historic matters.

These forward-searching statements replicate the Firm’s existing views with respect to future gatherings and fiscal effectiveness, but contain recognised and not known challenges, uncertainties, and other aspects, some of which are outside of the Company’s control. These pitfalls, uncertainties, and other aspects may well trigger the precise outcomes of the Company to be materially unique from any potential effects expressed or implied by such forward-wanting statements. These pitfalls and uncertainties consist of the effects of the COVID-19 pandemic and associated remain-at-home orders, quarantine guidelines and restrictions on travel, trade and company operations national, regional and regional financial climates issues in the Company’s capacity to examine, finance, comprehensive and combine acquisitions, developments and expansions successfully the ability to sustain rental prices and occupancy ranges aggressive industry forces the effectiveness of modern acquisitions changes in sector fees of fascination improvements in overseas forex exchange premiums the means of purchasers of made households and boats to obtain funding and the stage of repossessions by manufactured household loan companies. Further specifics of possible challenges that may influence the Organization are described in the Company’s periodic reviews filed with the U.S. Securities and Exchange Commission, which include in the “Risk Factors” sections of the Company’s Once-a-year Report on Type 10-K for the yr ended December 31, 2020.

The ahead-looking statements contained in this press release discuss only as of the date hereof and the Company expressly disclaims any obligation to offer public updates, revisions or amendments to any forward-wanting statements designed herein to replicate improvements in the Company’s assumptions, expectations of long term activities, or trends.

For Further more Details at the Business:
Karen J. Dearing
Chief Fiscal Officer
(248) 208-2500
www.suncommunities.com