HASI Adopts Tax Benefit Preservation Plan For Net Operating Losses
Portfolio Pulse from Benzinga Newsdesk
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) has adopted a tax benefits preservation plan to protect the value of its net operating losses (NOLs) and other tax attributes, which exceed $465 million as of December 31, 2022. The plan aims to prevent an 'ownership change' that could limit the company's ability to use its tax attributes. The board has declared a dividend of one right to purchase junior participating preferred stock for each outstanding share of HASI common stock, payable to holders of record as of November 21, 2023. The rights will expire on November 2, 2026.
November 02, 2023 | 9:41 pm
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HASI's new tax benefits preservation plan could protect its significant tax attributes, potentially improving its financial position. The declaration of a dividend could also be attractive to investors.
The adoption of the tax benefits preservation plan could help HASI protect its significant tax attributes, which could improve its financial position and make it more attractive to investors. The declaration of a dividend could also be seen as a positive move by investors, potentially leading to increased demand for HASI's stock.
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