Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces 2013 Dividend Income Tax Treatment

ANNAPOLIS, Md., Jan. 17, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong", "HASI" or the "Company;" NYSE: HASI), a leading provider of debt and equity for sustainable infrastructure projects, today announced the estimated Federal income tax treatment of the Company's 2013 distributions on its common stock (CUSIP # 41068X 100).

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The Federal income tax classification of the aggregate $0.42 distribution per share on the Company's common stock with respect to the calendar year ended December 31, 2013 is:

 

Record Date

Payable Date

Total
Distribution
Per Share

Ordinary
Income
Per Share

Return of
Capital Per
Share

Capital Gain
Per Share

08/20/2013

08/29/2013

$0.0600

$0.0382

$0.0218

$0.00

11/18/2013

11/22/2013

$0.1400

$0.0892

$0.0508

$0.00

2013

Totals

$0.2000

$0.1274

$0.0726

$0.00







12/30/2013

01/10/2014

$0.2200

To Be Reported on 2014 1099-Div

 

As the Company's aggregate distributions exceeded its taxable earnings and profits, the January 2014 distribution declared in the fourth quarter of 2013 and payable to shareholders of record as of December 30, 2013 will be treated as a 2014 distribution for Federal income tax purposes and is not included on the 2013 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 Sustainable Infrastructure Capital, Inc.

Hannon Armstrong makes debt and equity investments in sustainable infrastructure projects. We focus 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, fully contracted revenue streams and inherent economic value.  Hannon Armstrong Sustainable Infrastructure Capital, Inc. based in Annapolis, MD, has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes beginning with the year ending December 31, 2013.

Forward Looking Statements

Some of the information contained in this press release are 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, the 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 the state of government legislation, regulation and policies that support energy efficiency, renewable energy and sustainable infrastructure projects and that enhance the economic feasibility of energy efficiency, renewable energy and sustainable infrastructure projects and the general market demands for such projects; market trends in the Company's industry, energy markets, commodity prices, interest rates, the debt and lending markets or the general economy; the Company's business and investment strategy; the Company's relationships with originators, investors, market intermediaries and professional advisers; competition from other providers of financing; the Company's ability to obtain and maintain financing arrangements on favorable terms, including securitizations; general volatility of the securities markets in which the Company participates; changes in the value of the Company's assets; interest rate and maturity mismatches between the Company's assets and any borrowings used to fund such assets; changes in interest rates and the market value of the Company's target assets; impact of and changes in governmental regulations, tax law and rates, accounting guidance and similar matters; estimates relating to the Company's ability to make distributions to its stockholders in the future; and other factors, including those discussed under the caption "Risk Factors" included in the Company's prospectus dated April 17, 2013 that was filed with the U.S. Securities and Exchange Commission under SEC Registration number 333-186711, as well as in other reports that the Company files with the SEC. 

Forward-looking statements are based on estimates 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 earnings release.  

The risks included here are not exhaustive.  Additional factors could adversely affect the Company's business and financial performance.  Moreover, the Company operates in a very competitive and rapidly changing environment.  New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can the Company assess the impact of all such risk factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.  Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.  

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

SOURCE Hannon Armstrong Sustainable Infrastructure Capital, Inc.