Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI”), a prominent investor in climate solutions, recently released information on the Federal income tax treatment of its 2023 distributions on its common stock (CUSIP #41068X100). The company distributed $1.56 per share on its common stock for the calendar year ended December 31, 2023.
For shareholders looking to understand the tax implications of these distributions, it’s important to note the Federal income tax classification. The table below outlines the breakdown:
Type of Distribution | Ordinary Dividends | Qualified Dividends | Return of Capital
—————————————————————————————————————–
Amount per Share | $0.81 | $0.71 | $0.04
Record Date | 12/29/2023 | 12/29/2023 | 12/29/2023
Payment Date | 1/12/2024 | 1/12/2024 | 1/12/2024
It’s important for shareholders to understand how these distributions will be classified for tax purposes, as it can impact their tax obligations. Ordinary dividends are taxed at the ordinary income tax rates, whereas qualified dividends are subject to lower capital gains tax rates. Return of Capital, on the other hand, is not taxed when received, but it reduces the tax basis of the shareholder’s investment, which impacts the tax treatment of future sales of the stock.
HASI is committed to providing transparency and clarity to its shareholders regarding the tax treatment of its distributions. By providing this information, the company aims to ensure that shareholders are well-informed when it comes to their tax obligations related to these distributions.
It’s also worth noting that tax laws and regulations are complex and subject to change, so shareholders are encouraged to consult with their tax advisors to fully understand the implications of these distributions on their individual tax situations.
Additionally, shareholders should keep in mind that the information provided pertains to Federal income tax treatment and may not reflect the state or local tax implications of these distributions. Therefore, it’s important for shareholders to consider all applicable tax regulations when assessing the overall impact of these distributions on their tax liabilities.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. remains dedicated to its commitment to sustainability and transparency, and the release of this tax treatment information is reflective of that commitment. Through its continued efforts to invest in climate solutions and provide clear and comprehensive information to its shareholders, HASI solidifies its position as a leader in the sustainable infrastructure investment space.
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