Quarterly report pursuant to Section 13 or 15(d)

Organizational and Offering Costs

Organizational and Offering Costs
3 Months Ended
Mar. 31, 2013
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Organizational and Offering Costs

4. Organizational and Offering Costs

Costs related to corporation and partnership filing costs, audit fees related to the initial registration and initial balance sheet audit and various legal start-up costs incurred prior to the commencement of the IPO were paid directly by Hannon Armstrong Capital, LLC and HASI will reimburse Hannon Armstrong Capital, LLC for these costs after completion of the IPO. As the results of HASI will be combined with the Predecessor, the impact of reimbursements will not impact the reported results of the consolidated entities.

Such costs fall into one of two categories. Costs related to HASI’s IPO, such as Securities Exchange Commission (“SEC”) registration fees, legal and accounting costs, typesetting and printing costs, and federal and state registration fees, are classified as offering costs and will be charged to additional paid-in-capital upon completion of the IPO. All other costs that are not deemed offering costs will be expensed.