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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
OCTOBER 15, 1999
(Date of Report)
MANUFACTURED HOME COMMUNITIES, INC.
(Exact name of registrant as specified in its Charter)
1-11718
(Commission File No.)
MARYLAND 36-3857664
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
TWO NORTH RIVERSIDE PLAZA, CHICAGO, ILLINOIS 60606
(Address of principal executive offices) (Zip Code)
(312) 279-1400
(Registrant's telephone number, including area code)
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ITEM 5. OTHER MATTERS
On September 30, 1999, Manufactured Home Communities, Inc. as general
partner of MHC Operating Limited Partnership, has completed a $125 million
private placement of 9.0% Series D Cumulative Redeemable Perpetual Preferred
Units to two institutional investors. The units, which are callable after five
years, have no stated maturity or mandatory redemption. Net proceeds from the
offering were used to pay down amounts outstanding under the company's credit
facility and for other corporate purposes.
On October 1, 1999, Manufactured Home Communities, Inc. increased its
current stock repurchase program by one million shares. The shares may be
repurchased through open market or privately negotiated transactions.
On October 5, 1999, Manufactured Home Communities, Inc. increased its
current stock repurchase program by an additional one million shares. This
authorization is in addition to the one million share increase announced on
October 1, 1999. The shares may be repurchased through open market or privately
negotiated transactions.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
MANUFACTURED HOME COMMUNITIES, INC.
BY: /s/ Thomas P. Heneghan
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Thomas P. Heneghan
Executive Vice President, Treasurer and
Chief Financial Officer
BY: /s/ Mark Howell
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Mark Howell
Principal Accounting Officer
DATE: October 15, 1999
