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Hannon Armstrong Announces 2019 Dividend Income Tax Treatment

January 28, 2020 GMT

ANNAPOLIS, Md.--(BUSINESS WIRE)--Jan 28, 2020--

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong,” or the “Company”) (NYSE: HASI), a leading investor in climate change solutions, today announced the estimated Federal income tax treatment of the Company’s 2019 distributions on its common stock (CUSIP #41068X100).

The Federal income tax classification of the aggregate $1.3350 distribution per share on the Company’s common stock with respect to the calendar year ended December 31, 2019, is shown in the table below:

 

Record Date

 

Payable Date

 

 

Total

Distribution

Per Share

 

 

Ordinary

Income Per

Share

 

 

Return of

Capital Per

Share

 

 

Capital Gain

Per Share

12/26/2018

 

01/10/2019

$0.3300

$0.0580

$0.2720

$0.0000

4/3/2019

 

4/11/2019

$0.3350

$0.0589

$0.2761

$0.0000

7/5/2019

 

7/12/2019

$0.3350

$0.0589

$0.2761

$0.0000

10/3/2019

 

10/10/2019

$0.3350

$0.0589

$0.2761

$0.0000

2019

 

Total

$1.3350

$0.2347

$1.1003

$0.0000

12/26/2019

 

1/10/2020

 

To Be Reported on 2020 1099-Div

 

As the Company’s aggregate distributions exceeded its taxable earnings and profits, the January 2020 distribution declared in the fourth quarter of 2019 and payable to shareholders of record as of December 26, 2019, will be treated as a 2020 distribution for Federal income tax purposes and is not included on the 2019 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 investments in climate change solutions by providing capital to the leading companies in the energy efficiency, renewable energy and other sustainable infrastructure markets. Our goal is to generate attractive returns for our stockholders by investing in a diversified portfolio of investments that generate long-term, recurring and predictable cash flows from proven commercial technologies. Based in Annapolis, Maryland, Hannon Armstrong is proud to be the first U.S. public company solely dedicated to investments that reduce carbon emissions or increase resilience to climate change.

For more information, please visit www.hannonarmstrong.com. Follow Hannon Armstrong on LinkedIn and Twitter @HannonArmstrong.

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, 2018, 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200128005751/en/

CONTACT: Hannon Armstrong

Investor Relations Inquiries:

Chad Reed

investors@hannonarmstrong.com

410-571-6189

KEYWORD: UNITED STATES NORTH AMERICA MARYLAND

INDUSTRY KEYWORD: ENVIRONMENT FINANCE OTHER ENERGY UTILITIES PROFESSIONAL SERVICES ALTERNATIVE ENERGY OTHER NATURAL RESOURCES ENERGY NATURAL RESOURCES OTHER PROFESSIONAL SERVICES

SOURCE: Hannon Armstrong Sustainable Infrastructure Capital, Inc.

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PUB: 01/28/2020 04:30 PM/DISC: 01/28/2020 04:30 PM

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