ANNAPOLIS, Md., March 13, 2014 /PRNewswire/ -- Hannon
Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong" or the "Company;" NYSE: HASI),
a leading provider of debt and equity for sustainable
infrastructure projects, today announced that its Board of
Directors declared a quarterly cash dividend of $0.22 per share of common stock, payable on
April 9, 2014, to stockholders of
record on March 27, 2014.
Based upon the Company's common stock closing price of
$14.38 per share on March 13, 2014, the dividend represents an
annualized yield of 6.1%.
About Hannon Armstrong
Hannon Armstrong makes debt and
equity investments in sustainable infrastructure projects. The
Company focuses on profitable projects that increase energy
efficiency, provide cleaner energy, positively impact the
environment or make more efficient use of natural resources.
Hannon Armstrong targets projects
that have high credit quality obligors, fully contracted revenue
streams and inherent economic value.
The Company, based in Annapolis,
MD, has elected to be taxed as a real estate investment
trust, or REIT, for federal income tax purposes beginning with the
year ending December 31, 2013.
Forward Looking Statements
Some of the information contained in this press release are
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, the 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 the state of government legislation, regulation and
policies that support energy efficiency, renewable energy and
sustainable infrastructure projects and that enhance the economic
feasibility of energy efficiency, renewable energy and sustainable
infrastructure projects and the general market demands for such
projects; market trends in Company's industry, energy markets,
commodity prices, interest rates, the debt and lending markets or
the general economy; the Company's business and investment
strategy; the Company's relationships with originators, investors,
market intermediaries and professional advisers; competition from
other providers of financing; the Company's ability to obtain and
maintain financing arrangements on favorable terms, including
securitizations; general volatility of the securities markets in
which the Company participates; changes in the value of the
Company's assets; interest rate and maturity mismatches between the
Company's assets and any borrowings used to fund such assets;
changes in interest rates and the market value of the Company's
target assets; impact of and changes in governmental regulations,
tax law and rates, accounting guidance and similar matters;
estimates relating to the Company's ability to make distributions
to its stockholders in the future; and other factors, including
those discussed under the caption "Risk Factors" included in the
Company's prospectus dated April 17,
2013 that was filed with the U.S. Securities and Exchange
Commission under SEC Registration number 333-186711, as well as in
other reports that the Company files with the SEC.
Forward-looking statements are based on estimates as of the
date of this press release. The Company disclaims 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 earnings release.
The risks included here are not exhaustive. Additional
factors could adversely affect the Company's business and financial
performance. Moreover, the Company operates in a very competitive
and rapidly changing environment. New risk factors emerge from time
to time and it is not possible for management to predict all such
risk factors, nor can the Company assess the impact of all such
risk factors on its business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements.
Given these risks and uncertainties, investors should not place
undue reliance on forward-looking statements as a prediction of
actual results.
Investor Relations
410-571-6189
investors@hannonarmstrong.com
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SOURCE Hannon Armstrong Sustainable Infrastructure Capital,
Inc.