ANNAPOLIS, Md., June 16, 2015 /PRNewswire/ -- Hannon
Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we", "our" or the
"Company;") (NYSE: HASI), a leading provider of debt and equity
financing to the energy efficiency and renewable energy markets,
today announced that its Board of Directors declared a quarterly
cash dividend of $0.26 per share of
common stock, payable on July 9,
2015, to stockholders of record on June 30, 2015. Based upon the
Company's common stock closing price of $19.88 per share on June
15, 2015, the dividend represents an annualized yield of
5.2%.
![Hannon Armstrong Sustainable Infrastructure Logo Hannon Armstrong Sustainable Infrastructure Logo](http://photos.prnewswire.com/prnvar/20130808/PH61447LOGO)
Additionally, effective June 16,
2015, Nate Rose, has been
promoted to Executive Vice President and Chief Operating Officer
and Dan McMahon has been promoted to
an Executive Vice President focused on our governmental and public
sector clients. Both Mr. Rose and Mr. McMahon previously
served as Senior Vice Presidents and have been with the Company
since 2000. "Dan and Nate have done a great job in helping to build
this business," said CEO Jeffrey
Eckel. "These promotions reflect the additional
responsibilities they have taken to further our growth
plans." With Mr. Rose's new operating responsibilities
including sponsoring transactions, he will no longer serve on the
investment committee that will continue to be comprised of the CEO,
Mr. Eckel, and the CFO, Mr. Herron, and will also include depending
on the transaction, either our Executive Vice President, Mr.
M. Rhem Wooten (for governmental and
public sector investments) or Mr. McMahon (for commercial
investments.)
Mr. Rose, 37, has been with the Company's predecessor since
2000, in a variety of roles, most recently as a senior vice
president since 2007. Mr. Rose will assume more responsibility for
the overall business processes as well as continuing to be involved
in structuring and analyzing the Company's transactions. He has
been involved with a vast majority of the Company's transactions
since 2000. He earned a joint Bachelor of Science and Bachelor of
Arts degree from the University of
Richmond in 2000, a Master of Business Administration degree
from the Darden School of Business Administration at the
University of Virginia in 2009, is a
CFA charterholder and has passed the CPA examination. He holds a
Series 79 securities license.
Mr. McMahon, 43, has been with the Company's predecessor since
2000 in a variety of roles, most recently as a senior vice
president since 2007. Mr. McMahon responsibilities will include an
expanded executive role in originating and executing transactions
with the Company's government customers. He has played a role in
analyzing, negotiating and structuring several billion dollars of
transactions. Mr. McMahon previously worked with T. Rowe Price from 1997 to 2000. Mr. McMahon
received his Bachelor of Arts degree from the University of California, San Diego in 1993, and is
a CFA charterholder. He holds Series 24, 63 and 79 securities
licenses.
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI)
provides debt and equity financing to the energy efficiency and
renewable energy markets. We focus 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. We are based in Annapolis, Maryland, and we elected and
qualified to be taxed as a real estate investment trust (REIT) for
federal income-tax purposes, beginning with our 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, 2014, 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. We disclaim
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.