UNITED STATES
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: May 8, 2008
(Date of earliest event reported)
EQUITY LIFESTYLE PROPERTIES, INC.
(Exact name of registrant as specified in its charter)
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1-11718
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36-3857664 |
(State or other jurisdiction of
incorporation or organization)
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(Commission File No.)
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(IRS Employer Identification
Number) |
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Two North Riverside Plaza, Chicago, Illinois
(Address of principal executive offices)
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60606
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(312) 279-1400
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events
On May 8, 2008, Equity LifeStyle Properties, Inc.’s (the “Company”) Board of Directors
declared a dividend of $0.20 per share, representing, on an annualized basis, a dividend of $0.80
per share. The dividend will be paid on July 11, 2008 to shareholders of record on June 27, 2008.
This news release includes certain “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. When used, words such as “anticipate,” “expect,”
“believe,” “project,” “intend,” “may be” and “will be” and similar words or phrases, or the
negative thereof, unless the context requires otherwise, are intended to identify forward-looking
statements. These forward-looking statements are subject to numerous assumptions, risks and
uncertainties, including, but not limited to:
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in the age-qualified properties, home sales results could be impacted by the ability of
potential homebuyers to sell their existing residences as well as by financial markets
volatility; |
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in the all-age properties, results from home sales and occupancy will continue to be
impacted by local economic conditions, lack of affordable manufactured home financing, and
competition from alternative housing options including site-built single-family housing; |
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our ability to maintain rental rates and occupancy with respect to properties currently
owned or pending acquisitions; |
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our assumptions about rental and home sales markets; |
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the completion of pending acquisitions and timing with respect thereto; |
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ability to obtain financing or refinance existing debt; |
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the effect of interest rates; |
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whether we will consolidate Privileged Access and the effects on our financials if we do
so; and |
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other risks indicated from time to time in our filings with the Securities and Exchange
Commission. |
These forward-looking statements are based on management’s present expectations and beliefs
about future events. As with any projection or forecast, these statements are inherently
susceptible to uncertainty and changes in circumstances. The Company is under no obligation to, and
expressly disclaims any obligation to, update or alter its forward-looking statements whether as a
result of such changes, new information, subsequent events or otherwise.
Equity LifeStyle Properties, Inc. owns or has an interest in 311 quality properties in 28
states and British Columbia consisting of 112,432 sites. The Company is a self-administered,
self-managed, real estate investment trust (REIT) with headquarters in Chicago.