Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces 2014 Dividend Income Tax Treatment
ANNAPOLIS, Md., Jan. 27, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong" or the "Company;" NYSE: HASI), a clean energy investor, today announced the estimated Federal income tax treatment of the Company's 2014 distributions on its common stock (CUSIP # 41068X 100).
The Federal income tax classification of the aggregate $0.88 distribution per share on the Company's common stock with respect to the calendar year ended December 31, 2014 is:
Record Date |
Payable Date |
Total Distribution Per Share |
Ordinary Income Per Share |
Return of Capital Per Share |
Capital Gain Per Share |
12/30/13 |
1/10/14 |
$0.2200 |
$0.0119 |
$0.2081 |
$0.00 |
3/27/14 |
4/9/14 |
$0.2200 |
$0.0119 |
$0.2081 |
$0.00 |
6/27/14 |
7/10/14 |
$0.2200 |
$0.0119 |
$0.2081 |
$0.00 |
9/26/14 |
10/9/14 |
$0.2200 |
$0.0119 |
$0.2081 |
$0.00 |
2014 |
Totals |
$0.8800 |
$0.0476 |
$0.8324 |
$0.00 |
12/19/2014 |
01/09/2015 |
$0.2600 |
To Be Reported on 2015 1099-Div |
As the Company's aggregate distributions exceeded its taxable earnings and profits, the January 2015 distribution declared in the fourth quarter of 2014 and payable to shareholders of record as of December 19, 2014, will be treated as a 2015 distribution for Federal income tax purposes and is not included on the 2014 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) makes debt and equity investments in clean energy projects. The Company focuses on profitable projects that increase energy efficiency, provide cleaner energy, positively impact the environment or make more efficient use of natural resources. Hannon Armstrong targets projects that have high credit quality obligors, contracted revenue streams and inherent economic value. The Company, based in Annapolis, MD, elected and qualified to be taxed as a real estate investment trust (REIT) for federal income-tax purposes beginning with its taxable year ended December 31, 2013.
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, 2013, 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.
Released January 27, 2015