HASI Announces 2023 Dividend Income Tax Treatment
January 31 2024 - 9:33PM
Business Wire
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
("HASI" or the "Company") (NYSE: HASI), a leading investor in
climate solutions, today announced the Federal income tax treatment
of the Company’s 2023 distributions on its common stock (CUSIP
#41068X100).
The Federal income tax classification of the aggregate $1.56
distribution per share on the Company's common stock with respect
to the calendar year ended December 31, 2023, is shown in the table
below:
Record Date
Payable Date
Total Distribution Per
Share
Ordinary Income Per
Share
Return of Capital Per
Share
Long-Term Capital Gain Per
Share
Section 199A Dividend Per
Share
12/28/2022
01/06/2023
$0.3750
$0.1965
$0.0222
$0.1566
$0.1965
04/03/2023
04/10/2023
$0.3950
$0.2069
$0.0231
$0.1649
$0.2069
07/05/2023
07/12/2023
$0.3950
$0.2069
$0.0231
$0.1649
$0.2069
10/04/2023
10/11/2023
$0.3950
$0.2069
$0.0231
$0.1649
$0.2069
2023
Total
$1.5600
$0.8172
$0.0915
$0.6513
$0.8172
12/29/2023
01/12/2024
To Be Reported on 2024 1099-Div
The amount reported as Ordinary Income Per Share is treated as a
qualified REIT dividend for purposes of Section 199A. As the
Company's aggregate distributions exceeded its taxable earnings and
profits, the January 2024 distribution declared in the fourth
quarter of 2023 and payable to stockholders of record as of
December 29, 2023, will be treated as a 2024 distribution for
Federal income tax purposes and is not included on the 2023 Form
1099. Stockholders are encouraged to consult with their own tax
advisors as to their specific tax treatment of the Company's
distributions.
About HASI
HASI (NYSE: HASI) is a leading climate positive investment firm
that actively partners with clients to deploy real assets that
facilitate the energy transition. With more than $11 billion in
managed assets, our vision is that every investment improves our
climate future. For more information, please visit hasi.com.
Forward Looking Statements
Some of the information contained in this press release is
forward-looking statements 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 that are subject to
risks and uncertainties. For these statements, we claim the
protections of the safe harbor for forward-looking statements
contained in such Sections. These forward-looking statements
include information about possible or assumed future results of our
business, financial condition, liquidity, results of operations,
plans and objectives. When we use the words "believe," "expect,"
"anticipate," "estimate," "plan," "continue," "intend," "should,"
"may" or similar expressions, we intend to identify 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 most recent Annual
Report on Form 10-K as well as in other periodic reports that we
file with the U.S. Securities and Exchange Commission (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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240131518047/en/
Investor Relations Inquiries: Neha Gaddam
investors@hasi.com 410-571-6189
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