CorEnergy Announces Tax Characterization of 2020 Distributions

Rhea-AI Summary

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) has detailed the tax characterization of distributions made to shareholders in 2020. The report highlights that common shareholders received total distributions of $0.9000 per share, and holders of the Series A Cumulative Redeemable Preferred Stock received $1.8436 per share. Notably, all distributions are characterized as nondividend distributions. The company advises shareholders to consult tax advisors for any tax-related inquiries. For further details, visit corenergy.reit.

Positive

• Total distributions to common shareholders were $0.9000 per share.
• Total distributions to preferred shareholders were $1.8436 per share.

Negative

• None.

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") today announced the tax characterization of the 2020 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, 2020.

Common Shareholders
Record Date	Payable Date	Total Distributions Per Share			Total Ordinary Dividends Box 1a			Qualified Dividends Box 1b			Total Capital Gain Distr. Box 2a			Nondividend Distr. Box 3
2/14/2020	2/28/2020	$	0.7500		$	—		$	—		$	—		$	0.7500
5/15/2020	5/29/2020	0.0500			—			—			—			0.0500
8/17/2020	8/31/2020	0.0500			—			—			—			0.0500
11/16/2020	11/30/2020	0.0500			—			—			—			0.0500
Total 2020 Distributions		$	0.9000		$	—		$	—		$	—		$	0.9000
7.375% Series A Cumulative Redeemable Preferred Stock
Record Date	Payable Date	Total Distributions Per Share			Total Ordinary Dividends Box 1a			Qualified Dividends Box 1b			Total Capital Gain Distr. Box 2a			Nondividend Distr. Box 3
2/14/2020	2/28/2020	$	0.4609		$	—		$	—		$	—		$	0.4609
5/15/2020	5/29/2020	0.4609			—			—			—			0.4609
8/17/2020	8/31/2020	0.4609			—			—			—			0.4609
11/16/2020	11/30/2020	0.4609			—			—			—			0.4609
Total 2020 Distributions		$	1.8436		$	—		$	—		$	—		$	1.8436

Additional information regarding the tax characterization of the 2020 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 critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from operators of our assets, primarily under triple-net participating leases and from long-term customer contracts. 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.

Source: CorEnergy Infrastructure Trust, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210125005857/en/

FAQ

What were the 2020 distributions for CorEnergy shareholders?

Common shareholders received total distributions of $0.9000 per share, while Series A preferred shareholders received $1.8436 per share.

What is the tax characterization of CorEnergy's 2020 payouts?

All distributions are classified as nondividend distributions for tax purposes.

Where can I find more information about CorEnergy's distributions?

Additional details are available at corenergy.reit.

What advice does CorEnergy provide regarding tax implications?

The company advises shareholders to consult their tax advisors for information regarding tax implications.