CorEnergy Announces Tax Characterization of 2017 Distributions
The following table summarizes, for income tax purposes, the nature of cash distributions paid by the Company during the year ended
| Common Shareholders | ||||||||||||||||||
|
Record |
Payable |
Total |
Total |
Qualified |
Total |
Nondividend |
||||||||||||
| |
|
$ | 0.7500 | $ | 0.5925 | $ | 0.0785 | $ | 0.0000 | $ | 0.1575 | |||||||
| |
|
0.7500 | 0.5925 | 0.0785 | 0.0000 | 0.1575 | ||||||||||||
| |
|
0.7500 | 0.5925 | 0.0785 | 0.0000 | 0.1575 | ||||||||||||
| |
|
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 |
||||||||||||
| |
|
$ | 0.4609 | $ | 0.4609 | $ | 0.0611 | $ | 0.0000 | $ | 0.0000 | |||||||
| |
|
0.4609 | 0.4609 | 0.0611 | 0.0000 | 0.0000 | ||||||||||||
| |
|
0.4609 | 0.4609 | 0.0611 | 0.0000 | 0.0000 | ||||||||||||
| |
|
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
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20180124006259/en/
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