Equity LifeStyle Properties, Inc Declares First Quarter 2020 Dividend, Payable on April 10, 2020; Appoints Andrew Berkenfield to Its Board of Director
February 12, 2020 at 04:16 pm EST
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On February 11, 2020, the Board of Directors of Equity LifeStyle Properties, Inc. declared a first quarter 2020 dividend of $0.3425 per common share, representing, on an annualized basis, a dividend of $1.37 per common share. The dividend will be paid on April 10, 2020 to stockholders of record at the close of business on March 27, 2020.
The Board of Directors has also increased the size of the Board by one director and elected Mr. Andrew Berkenfield to fill the vacancy created by the increase in the number of directors. Mr. Berkenfield is a partner and has been the Chief Executive Officer of Duncan Channon, a nationally acclaimed, independent advertising agency, since January 2009. Mr. Berkenfield joined Duncan Channon in January 2000 as the agency's general manager.
Equity LifeStyle Properties, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns a lifestyle-oriented properties consisting of property operations and home sales and rental operations within manufactured home (MH) and recreational vehicle (RV) communities and marinas. It operates through two segments: Property Operations and Home Sales and Rentals Operations. The Property Operations segment owns and operates land lease properties and the Home Sales. The Home Sales and Rentals Operations segment purchases, sells and leases homes at the Properties. The Company owns interest in a portfolio of approximately 451 properties located throughout the United States and Canada containing approximately 172,465 individual developed areas. These properties are located in 35 states and British Columbia, with approximately 110 properties with lake, river or ocean frontage and approximately 120 properties within 10 miles of the coastal United States.
EQUITY LIFESTYLE PROPERTIES, INC. 
