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Sun Communities Inc. Message Board

  • dar200 dar200 Mar 13, 2013 3:35 PM Flag

    Expensive offering

    The blanks have been filled in in today's 424B5.

    Net, net on 5 million = 43.39.

    Net net on 5.75 million - 43.397

    Closing before announcement = 47.00. They net 92.32% of pre announcement closing.

    They would be better off reinstating their drip with a 5% discount. That would generate a quiet flow of new equity and the current shareholders would not be hammered with the secondary discounts.

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