HASI Announces 2023 Dividend Income Tax Treatment
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) announced the Federal income tax treatment of the Company's 2023 distributions on its common stock. The company's $1.56 distribution per share includes $0.8172 of ordinary income per share, $0.0915 of return of capital per share, $0.6513 of long-term capital gain per share, and $0.8172 of Section 199A dividend per share. The January 2024 distribution will be treated as a 2024 distribution for Federal income tax purposes and is not included on the 2023 Form 1099. Stockholders are advised to consult with their tax advisors for specific tax treatment.
01/31/2024 - 09:33 PM
ANNAPOLIS, Md. --(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
$0.37 50
$0.19 65
$0.02 22
$0.15 66
$0.19 65
04/03/2023
04/10/2023
$0.39 50
$0.20 69
$0.02 31
$0.16 49
$0.20 69
07/05/2023
07/12/2023
$0.39 50
$0.20 69
$0.02 31
$0.16 49
$0.20 69
10/04/2023
10/11/2023
$0.39 50
$0.20 69
$0.02 31
$0.16 49
$0.20 69
2023
Total
$1.56 00
$0.81 72
$0.09 15
$0.65 13
$0.81 72
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240131518047/en/
Investor Relations Inquiries:
Neha Gaddam
investors@hasi.com
410-571-6189
Source: Hannon Armstrong Sustainable Infrastructure Capital, Inc.
What is the ticker symbol for Hannon Armstrong Sustainable Infrastructure Capital, Inc.?
The ticker symbol for Hannon Armstrong Sustainable Infrastructure Capital, Inc. is HASI.
What is the total distribution per share for Hannon Armstrong Sustainable Infrastructure Capital, Inc.'s common stock in 2023?
The total distribution per share for Hannon Armstrong Sustainable Infrastructure Capital, Inc.'s common stock in 2023 was $1.56.
What is the Federal income tax treatment of the Company's 2023 distributions on its common stock?
The Federal income tax treatment of the Company's 2023 distributions on its common stock includes $0.8172 of ordinary income per share, $0.0915 of return of capital per share, $0.6513 of long-term capital gain per share, and $0.8172 of Section 199A dividend per share.
How will the January 2024 distribution be treated for Federal income tax purposes?
The January 2024 distribution will be treated as a 2024 distribution for Federal income tax purposes and is not included on the 2023 Form 1099.
What are stockholders advised to do regarding the tax treatment of the Company's distributions?
Stockholders are advised to consult with their own tax advisors for specific tax treatment of the Company's distributions.
Hannon Armstrong Sustainable Infrastructure capital Inc
HASI Rankings
#4250 Ranked by Stock Gains
HASI Stock Data
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Finance and Insurance
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Finance, Real Estate Investment Trusts, Finance and Insurance, Other Financial Vehicles
About HASI
hannon armstrong 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, such as u.s. federal, state and local governments, global 1000 corporations and private developers, for assets that generate long-term, recurring and predictable cash flows. our management team has extensive industry knowledge and experience, having completed its first renewable energy financing more than 25 years ago and its first energy efficiency financing over 15 years ago. the company is based in annapolis, maryland and elected and qualified to be taxed as a real estate investment trust (reit) for federal income-tax purposes, beginning with its taxable year ended december 31, 2013. nyse: hasi securities are offered by hannon armstrong securities, llc, a registered broker dealer, member of finra and sipc and subsidiary of hannon armstrong sustainable infrastr