CorEnergy Announces Tax Characterization of 2021 Distributions

Rhea-AI Summary

CorEnergy Infrastructure Trust announced details regarding the tax characterization of 2021 distributions to its shareholders. For common shareholders, a total distribution of $0.2000 per share was reported, with all categorized as non-dividend distributions. For holders of the 7.375% Series A Cumulative Redeemable Preferred Stock, the total distribution was $1.8436 per share, also classified solely as non-dividend distributions. The company emphasizes consulting tax advisors for guidance on these distributions.

Positive

• Total distributions for common shareholders amounted to $0.2000 per share.
• Total distributions for the Series A preferred stock reached $1.8436 per share.

Negative

• None.

KANSAS CITY, Mo.--(BUSINESS WIRE)-- CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") today announced the tax characterization of the 2021 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, 2021.

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
2/12/2021	2/26/2021	$ 0.0500	$ —	$ —	$ —	$ 0.0500
5/14/2021	5/28/2021	0.0500	—	—	—	0.0500
8/17/2021	8/31/2021	0.0500	—	—	—	0.0500
11/16/2021	11/30/2021	0.0500	—	—	—	0.0500
Total 2021 Distributions		$ 0.2000	$ —	$ —	$ —	$ 0.2000
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
2/12/2021	2/26/2021	$ 0.4609	$ —	$ —	$ —	$ 0.4609
5/14/2021	5/28/2021	0.4609	—	—	—	0.4609
8/17/2021	8/31/2021	0.4609	—	—	—	0.4609
11/16/2021	11/30/2021	0.4609	—	—	—	0.4609
Total 2021 Distributions		$ 1.8436	$ —	$ —	$ —	$ 1.8436

Additional information regarding the tax characterization of the 2021 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, among others, failure to realize the anticipated benefits of the Crimson transaction; the risk that CPUC approval is not obtained, is delayed or is subject to unanticipated conditions that could adversely affect CorEnergy or the expected benefits of the Crimson transaction; risks related to the uncertainty of the projected financial information with respect to Crimson, and those factors 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/20220125006148/en/

CorEnergy Infrastructure Trust, Inc.

Investor Relations

Debbie Hagen or Matt Kreps

877-699-CORR (2677)

info@corenergy.reit

Source: CorEnergy Infrastructure Trust, Inc.

FAQ

What were the 2021 distributions for CorEnergy Infrastructure Trust (CORR)?

CorEnergy Infrastructure Trust (CORR) reported total distributions of $0.2000 per share for common shareholders and $1.8436 per share for the 7.375% Series A preferred stock.

How are the 2021 distributions characterized for CORR shareholders?

All distributions for common and preferred shareholders in 2021 were characterized as non-dividend distributions.

When were the distributions paid to CORR shareholders in 2021?

Distributions were paid on multiple dates in 2021, including February 26, May 28, August 31, and November 30.