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.