CorEnergy Announces Tax Characterization of 2021 Distributions
January 25 2022 - 3:30PM
Business Wire
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA)
("CorEnergy" or the "Company") today announced the tax
characterization of the 2021 distributions paid to
stockholders.
The following table summarizes, for income tax purposes, the
nature of cash distributions paid by the Company during the year
ended December 31, 2021.
Common Shareholders
Record
Date
Payable Date
Total Distributions Per
Share
Total Ordinary
Dividends
Box 1a
Qualified Dividends
Box 1b
Total Capital Gain
Distr.
Box 2a
Nondividend Distr.
Box 3
2/12/2021
2/26/2021
$ 0.0500
$ —
$ —
$ —
$ 0.0500
5/14/2021
5/28/2021
0.0500
—
—
—
0.0500
8/17/2021
8/31/2021
0.0500
—
—
—
0.0500
11/16/2021
11/30/2021
0.0500
—
—
—
0.0500
Total 2021 Distributions
$ 0.2000
$ —
$ —
$ —
$ 0.2000
7.375% Series A Cumulative Redeemable
Preferred Stock
Record
Date
Payable Date
Total Distributions Per
Share
Total Ordinary
Dividends
Box 1a
Qualified Dividends
Box 1b
Total Capital Gain
Distr.
Box 2a
Nondividend Distr.
Box 3
2/12/2021
2/26/2021
$ 0.4609
$ —
$ —
$ —
$ 0.4609
5/14/2021
5/28/2021
0.4609
—
—
—
0.4609
8/17/2021
8/31/2021
0.4609
—
—
—
0.4609
11/16/2021
11/30/2021
0.4609
—
—
—
0.4609
Total 2021 Distributions
$ 1.8436
$ —
$ —
$ —
$ 1.8436
Additional information regarding the tax characterization of the
2021 distributions is available at corenergy.reit.
Nothing contained herein or therein should be construed as tax
advice. Consult your tax advisor for more information. Furthermore,
you may not rely upon any information herein or therein for the
purpose of avoiding any penalties that may be imposed under the
Internal Revenue Code.
About CorEnergy Infrastructure Trust, Inc.
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA), is a
real estate investment trust (REIT) that owns critical energy
assets, such as pipelines, storage terminals, and transmission and
distribution assets. We receive long-term contracted revenue from
operators of our assets, primarily under triple-net participating
leases and from long-term customer contracts. For more information,
please visit corenergy.reit.
Forward-Looking Statements
This press release contains certain statements that may include
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of
historical fact, included herein are "forward-looking statements."
Although CorEnergy believes that the expectations reflected in
these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Actual results could differ materially from
those anticipated in these forward-looking statements as a result
of a variety of factors, including, among others, failure to
realize the anticipated benefits of the Crimson transaction; the
risk that CPUC approval is not obtained, is delayed or is subject
to unanticipated conditions that could adversely affect CorEnergy
or the expected benefits of the Crimson transaction; risks related
to the uncertainty of the projected financial information with
respect to Crimson, and those factors discussed in CorEnergy’s
reports that are filed with the Securities and Exchange Commission.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Other than as required by law, CorEnergy does not assume a duty to
update any forward-looking statement. In particular, any
distribution paid in the future to our stockholders will depend on
the actual performance of CorEnergy, its costs of leverage and
other operating expenses and will be subject to the approval of
CorEnergy’s Board of Directors and compliance with leverage
covenants.
Source: CorEnergy Infrastructure Trust, Inc.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220125006148/en/
CorEnergy Infrastructure Trust, Inc. Investor Relations Debbie
Hagen or Matt Kreps 877-699-CORR (2677) info@corenergy.reit
CorEnergy Infrastructure (NYSE:CORR)
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