CorEnergy Announces Tax Characterization of 2017 Distributions
KANSAS CITY, Mo.–(BUSINESS WIRE)–CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy"
or the "Company") today announced the tax characterization of the 2017
distributions paid to stockholders.
The following table summarizes, for income tax purposes, the nature of
cash distributions paid by the Company during the year ended December
31, 2017.
| Common Shareholders | |||||||||||
|
Record |
Payable |
Total |
Total |
Qualified |
Total |
Nondividend |
|||||
| 2/13/2017 | 2/28/2017 | $ | 0.7500 | $ | 0.5925 | $ | 0.0785 | $ | 0.0000 | $ | 0.1575 |
| 5/16/2017 | 5/31/2017 | 0.7500 | 0.5925 | 0.0785 | 0.0000 | 0.1575 | |||||
| 8/17/2017 | 8/31/2017 | 0.7500 | 0.5925 | 0.0785 | 0.0000 | 0.1575 | |||||
| 11/15/2017 | 11/30/2017 | 0.7500 | 0.5925 | 0.0785 | 0.0000 | 0.1575 | |||||
| Total 2017 Distributions: | $ | 3.0000 | $ | 2.3700 | $ | 0.3140 | $ | 0.0000 | $ | 0.6300 | |
| 7.375% Series A Cumulative Redeemable Preferred Stock | |||||||||||
|
Record |
Payable |
Total |
Total |
Qualified |
Total |
Nondividend |
|||||
| 2/13/2017 | 2/28/2017 | $ | 0.4609 | $ | 0.4609 | $ | 0.0611 | $ | 0.0000 | $ | 0.0000 |
| 5/16/2017 | 5/31/2017 | 0.4609 | 0.4609 | 0.0611 | 0.0000 | 0.0000 | |||||
| 8/17/2017 | 8/31/2017 | 0.4609 | 0.4609 | 0.0611 | 0.0000 | 0.0000 | |||||
| 11/15/2017 | 11/30/2017 | 0.4609 | 0.4609 | 0.0611 | 0.0000 | 0.0000 | |||||
| Total 2017 Distributions: | $ | 1.8436 | $ | 1.8436 | $ | 0.2444 | $ | 0.0000 | $ | 0.0000 | |
Additional information regarding the tax characterization of the 2017
distributions is available at corenergy.reit.
Nothing contained herein or therein should be construed as tax advice.
Consult your tax advisor for more information. Furthermore, you may not
rely upon any information herein or therein for the purpose of avoiding
any penalties that may be imposed under the Internal Revenue Code.
About
CorEnergy Infrastructure Trust, Inc.
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA), is a real
estate investment trust (REIT) that owns essential energy assets, such
as pipelines, storage terminals, and transmission and distribution
assets. We seek long-term contracted revenue from operators of our
assets, primarily under triple net participating leases. For more
information, please visit corenergy.reit.
Forward-Looking Statements
This press release contains certain statements that may include
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. All statements, other than statements of historical fact, included
herein are "forward-looking statements." Although CorEnergy believes
that the expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties, and
these expectations may prove to be incorrect. Actual results could
differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in CorEnergy's reports that are filed with the Securities and
Exchange Commission. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Other than as required by law, CorEnergy does not assume
a duty to update any forward-looking statement. In particular, any
distribution paid in the future to our stockholders will depend on the
actual performance of CorEnergy, its costs of leverage and other
operating expenses and will be subject to the approval of CorEnergy's
Board of Directors and compliance with leverage covenants.
Contacts
CorEnergy Infrastructure Trust, Inc.
Investor Relations
Lesley
Schorgl, 877-699-CORR (2677)
[email protected]
