Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces 2016 Dividend Income Tax Treatment

ANNAPOLIS, Md., Jan. 25, 2017 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our," or the "Company;" NYSE: HASI), a leading investor in the efficiency, wind and solar markets, today announced the estimated Federal income tax treatment of the Company's 2016 distributions on its common stock (CUSIP # 41068X 100).

The entire $1.20 distribution per share on the Company's common stock is considered return of capital with respect to Federal income tax for the calendar year ended December 31, 2016, as shown below:

Record

 

Date

 

Payable

 

Date

 

Total

 

Distribution

 

Per Share

Ordinary
Income

 

Per Share

 

Return of Capital

 

Per Share

 

Capital Gain

 

Per Share

 

12/30/15

1/7/16

$0.30

$0.00

$0.30

$0.00

3/30/16

4/7/16

$0.30

$0.00

$0.30

$0.00

7/6/16

7/14/16

$0.30

$0.00

$0.30

$0.00

10/5/16

10/13/16

$0.30

$0.00

$0.30

$0.00

2016

Totals

$1.20

$0.00

$1.20

$0.00


12/29/2016

01/12/2017

$0.33

To Be Reported on 2017 1099-Div

As the Company's aggregate distributions exceeded its taxable earnings and profits, the January 2017 distribution declared in the fourth quarter of 2016 and payable to shareholders of record as of December 29, 2016, will be treated as a 2017 distribution for Federal income tax purposes and is not included on the 2016 Form 1099. Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.

About Hannon Armstrong

Hannon Armstrong (NYSE: HASI) invests in the energy efficiency, wind and solar markets. The Company focuses on providing preferred or senior level capital to established sponsors and high credit quality obligors for assets that generate long-term, recurring and predictable cash flows. The Company is based in Annapolis, MD.

Forward Looking Statements

Some of the information in this press release contains forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," "target," or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption "Risk Factors" included in our Annual Report on Form 10-K for our fiscal year ended December 31, 2015, which was filed with the U.S. Securities and Exchange Commission (SEC), as well as in other reports that we file with the SEC.

Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. The Company disclaims any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.

Investor Relations
410-571-6189
investors@hannonarmstrong.com

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SOURCE Hannon Armstrong Sustainable Infrastructure Capital, Inc.