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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
DATE OF REPORT: DECEMBER 15, 1998
(Date of earliest event reported)
SUN COMMUNITIES, INC.
(Exact name of registrant as specified in its charter)
MARYLAND COMMISSION FILE NO. 1-12616 38-2730780
(State of Organization) (IRS Employer I.D. No.)
31700 MIDDLEBELT ROAD
SUITE 145
FARMINGTON HILLS, MICHIGAN 48334
(Address of principal executive offices)
(248) 932-3100
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On December 15, 1998, directors, employees and consultants of
Sun Communities, Inc. purchased approximately $25.5 million of newly issued
shares of common stock of Sun Communities, Inc. and common OP Units in Sun
Communities Operating Limited Partnership at a price of $31.75 per share/OP
Unit. These purchases were financed by a 5-year personal loan program
established by Bank One Corporation. Participants in the loan program are
personally responsible for repayment of their respective loans and Sun
Communities, Inc., Sun Communities Operating Limited Partnership and certain of
their affiliates (collectively, the "Company") guaranteed repayment of the loans
in order to facilitate the transaction. Participants in the loan program have
agreed to fully indemnify the Company against all liabilities arising under such
guaranty.
SIGNATURES
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 hereunto duly authorized.
Date: December 23, 1998 SUN COMMUNITIES, INC., a Maryland corporation
By: /s/ Jeffrey P. Jorissen
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Jeffrey P. Jorissen, Senior Vice President,
Treasurer, Chief Financial Officer, and
Secretary
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