CorEnergy Announces Tax Characterization of 2022 Distributions

Rhea-AI Summary

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) announced the tax characterization of its 2022 distributions. The total distributions for common shareholders amounted to $0.2000 per share, with all being classified as non-dividend distributions. For the 7.375% Series A Cumulative Redeemable Preferred Stock, total distributions were $1.8436 per share, including ordinary dividends of $0.6612 and qualified dividends of $0.1653. The company emphasizes that the information should not be construed as tax advice and recommends consulting a tax advisor.

Positive

• Total cash distributions for common shareholders were $0.2000 per share.
• 7.375% Series A Preferred Stock distributions totaled $1.8436 per share with $0.6612 as ordinary dividends.

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 2022 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, 2022.

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
2/14/2022	2/28/2022	$	0.0500	$	—	$	—	$	—	$	0.0500
5/17/2022	5/31/2022		0.0500		—		—		—		0.0500
8/17/2022	8/31/2022		0.0500		—		—		—		0.0500
11/16/2022	11/30/2022		0.0500		—		—		—		0.0500
Total 2022 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
2/14/2022	2/28/2022	$	0.4609	$	0.1653	$	—	$	—	$	0.2956
5/17/2022	5/31/2022		0.4609		0.1653		—		—		0.2956
8/17/2022	8/31/2022		0.4609		0.1653		—		—		0.2956
11/16/2022	11/30/2022		0.4609		0.1653		—		—		0.2956
Total 2022 Distributions		$	1.8436	$	0.6612	$	—	$	—	$	1.1824

Additional information regarding the tax characterization of the 2022 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. For more information, please visit corenergy.reit.

Source: CorEnergy Infrastructure Trust, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230126005864/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 2022 distributions for CorEnergy Infrastructure Trust?

The total distributions for common shareholders were $0.2000 per share for 2022.

How much did CorEnergy pay as dividends for Series A Preferred Stock in 2022?

CorEnergy paid $1.8436 per share for its 7.375% Series A Cumulative Redeemable Preferred Stock in 2022.

What is the breakdown of CorEnergy's 2022 distributions?

The distributions included $0.6612 as ordinary dividends and $0.1653 as qualified dividends for the Series A Preferred Stock.

What tax advice does CorEnergy provide regarding its distributions?

CorEnergy states that the information should not be construed as tax advice and recommends consulting a tax advisor.