News Archives

2015 Archived News Articles and Press Releases


Green Bank and Hannon Armstrong Partner for Commercial Clean Energy Financing -- December 17, 2015

Up to $100M in New Lending Power Will Improve Access to Project Capital


Please click here to view the full release.

 


Hannon Armstrong Announces 15% Increase in Quarterly Dividend to $0.30 per Share for an Annualized 7.0% Dividend Yield -- December 15, 2015


Please click here to view the full release.

 


Hannon Armstrong Announces 18% Increase in Q3 2015 Core Earnings to $0.26 per Share -- November 4, 2015

Please click here to view the full release.

 


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces the Closing of its Public Offering of Common Stock

ANNAPOLIS, Md., Oct. 19, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (NYSE: HASI) announced today the closing of its public offering of 5,750,000 shares of common stock at a price of $18.00 per share.  This amount includes the exercise in full by the underwriters of their option to purchase up to 750,000 additional shares of common stock.

BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities acted as joint book-running managers for the offering. Baird and Roth Capital Partners acted as co-managers.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. The offering was made only by means of a prospectus supplement and accompanying prospectus. A copy of the preliminary prospectus supplement and accompanying prospectus related to the offering can be obtained, when available, by contacting: BofA Merrill Lynch, 222 Broadway, New York, New York 10038 Attention: Prospectus Department, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department; or from Wells Fargo Securities, LLC, 375 Park Avenue, 4th Floor, New York, New York 10152, Attention: Equity Syndicate, or by telephone at 800-326-5897, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered shares, nor shall there be any sale of such shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

To view the full press release, please click here.



Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces Public Offering of Common Stock

ANNAPOLIS, Md., Oct. 13, 2015 /PRNewswire/ -- - Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (NYSE: HASI) announced today that it is commencing a public offering of 5,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock.

BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers for the offering. Baird and Roth Capital Partners are acting as co-managers.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. The offering will be made only by means of a preliminary prospectus supplement and accompanying prospectus, which have been filed with the Securities and Exchange Commission. A copy of the preliminary prospectus supplement and accompanying prospectus related to the offering can be obtained by contacting: BofA Merrill Lynch, 222 Broadway, New York, New York 10038 Attention: Prospectus Department, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department; or from Wells Fargo Securities, LLC, 375 Park Avenue, 4th Floor, New York, New York 10152, Attention: Equity Syndicate, or by telephone at 800-326-5897, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered shares, nor shall there be any sale of such shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

To view the full press release, please click here.



Hannon Armstrong Completes $100.5 million, A-Rated, 19 Year Term, 4.28% Sustainable Yield Bonds™ Offering With CarbonCount™ Score of 0.39 MT/$1000

- Hannon's first publicly-rated asset-backed securitization

- First green bond to receive ASE CarbonCount certification

ANNAPOLIS, Md., Sept. 16, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we", "our" or the "Company;") (NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today completed an offering of A-rated (Kroll) Sustainable Yield Bonds issued by its indirect subsidiary and secured by a portion of its utility scale solar and wind real estate related assets. The transaction was certified by the Alliance to Save Energy's CarbonCount, with a score of 0.39 metric tons of greenhouse gas emissions reduced annually per $1,000 of investment.

"The 19 year tenor allows us to lock-in historically low interest rates in accordance with our plan to move to 50% to 70% fixed rate debt," said Jeffrey Eckel, President & CEO.  "This is our second debt transaction to disclose the estimated annual reduction of greenhouse gas emissions and the first to receive a CarbonCount score, which allows investors to easily measure a green bond's carbon impact, just as they can evaluate interest rate and credit quality," continued Eckel.

The bonds consist of a senior class of bonds (the "Class A Bonds") in an aggregate principal amount of $100,500,000 with an interest rate of 4.28%.  The junior class of bonds (the "Class B Bonds") consists of $18,112,000 aggregate principal amount with an interest rate of 5.00% and was retained by the Company. Both classes of notes have an anticipated repayment date in October 2034. Hannon Armstrong Capital, LLC, the operating subsidiary of the Company, will act as servicer for the securitization.

The Class A Bonds received an investment grade rating of A and the Class B Bonds received a rating of BBB from the Kroll Bond Rating Agency, Inc. The Company believes that the rating reflects the predictability and quality of the cash flows of the underlying assets, with strong, experienced publicly rated project sponsors and off-takers.  This is a new asset class in the asset-backed securities market and the first Hannon Armstrong issuance to achieve a public investment grade rating. Bank of America Merrill Lynch acted as structuring agent for the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, and there shall not be any offer or sale of these securities in any state in which such offer, solicitation or sale would be unlawful.

To view the full press release, please click here.



Hannon Armstrong Announces $0.26 per Share Quarterly Dividend for an Annualized 5.5% Dividend Yield

ANNAPOLIS, Md., Sept. 16, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we", "our" or the "Company;") (NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today announced that its Board of Directors declared a quarterly cash dividend of $0.26 per share of common stock, payable on October 8, 2015, to stockholders of record on September 30, 2015.   Based upon the Company's common stock closing price of $18.90 per share on September 15, 2015, the dividend represents an annualized yield of 5.5%.

To view the full press release, please click here.



Hannon Armstrong CEO Presenting at North America's Largest Solar Conference, 2015 Roth Solar Symposium, and Bank of America Merrill Lynch 2015 Power & Gas Leaders Conference

ANNAPOLIS, Md., Sept. 10, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "Company;" NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today announced that management will be attending the upcoming conferences:

 

2015 Roth Solar Symposium

Date: Tuesday, September 15, 2015 from 9:00am to 12:00pm PT

Anaheim Hilton – Anaheim, CA

 

Solar Power International

Panel Presentation: Debt Financing Non-Residential Solar Projects

Date: Tuesday, September 15, 2015 at 1:00pm PT

Anaheim Convention Center – Anaheim, CA

 

Bank of America Merrill Lynch 2015 Power & Gas Leaders Conference

Panel Presentation: How Yieldcos Have and Will Influence Asset Development

Date: Thursday, September 17, 2015 at 8:45am ET

Four Seasons Boston – Boston, MA

 

A webcast will be available for the Bank of America Merrill Lynch 2015 Power & Gas Leaders Conference. To listen to the presentation, please go to the "Investors" tab of the Company's website at www.hannonarmstrong.com at least 15 minutes prior to the start of the broadcast to register and download any necessary audio software.  For those who are not able to listen to the live broadcast, a replay will be available shortly following the conference on the Company's website, and will be accessible through Friday, October 2, 2015.

 

Management will also hold one-on-one and small group meetings with investors. A copy of the presentation that the Company will use for upcoming investor meetings is available on its website under, "HASI Investor Relations Presentation – August 2015."

To view the full press release, please click here.



Hannon Armstrong Hannon Armstrong CEO Serving on Secretary of Energy Advisory Board Task Force on Federal Energy Management

ANNAPOLIS, Md., Sept. 8, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," or "our;" NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, announced that Jeffrey W. Eckel, President & CEO, is serving as a member of the U.S. Department of Energy's Secretary of Energy Advisory Board (SEAB) Task Force on Federal Energy Management.  The newly formed Task Force is responsible for assessing Federal energy management supported by the Department of Energy's Federal Energy Management Program (FEMP) and recommending a set of actions to advance it.

To view the full press release, please click here.



Hannon Armstrong Announces 18% Increase in Q2 2015 Core Earnings to $0.26 per Share; Over 95 Projects in Diversified $1.1 Billion Portfolio

ANNAPOLIS, Md., Aug. 6, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "Company;" NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today reported Core Earnings, a non GAAP financial measure, for the quarter ended June 30, 2015, of $8.1 million or $0.26 per share, an increase of 18% over the $0.22 per share in the same quarter last year.  For the six months ended June 30, 2015, Core Earnings were $15.5 million or $0.53 per share as compared to $8.1 million or $0.43 per share in the same period last year.

On a GAAP basis, the Company recorded net income for the quarter ended June 30, 2015 of $1.5 million or $0.04 per share as compared to $2.8 million or $0.13 per share in the same quarter in 2014. For the six months ended June 30, 2015, GAAP net income was $3.6 million or $0.10 per share as compared to $5.6 million or $0.29 per share in the same period last year.  The decline in GAAP earnings is, in part, a result of GAAP treatment of the wind equity investment.  A reconciliation of our Core Earnings to GAAP net income is included in this press release.

"We are pleased with the transaction volume and margins in our target investment areas: efficiency, utility scale wind and solar and distributed solar. We continue to extend our origination platform with the leading players, generating repeat business to grow the balance sheet," said CEO Jeffrey Eckel. "Our 12 month pipeline continues to grow in each of the target areas, giving us a diversified set of opportunities for the rest of 2015 and beyond."

Highlights:

  • Efficiency market expands with multiple property assessed clean energy, or PACE, investments with one of the largest REITs, follow-on transactions for a major industrial customer and new client platforms for Federal, State and Local energy savings performance contracts or ESPCs;
  • First follow-on wind transaction in partnership with JPMorgan;
  • Strong growth in utility-scale solar land transactions and senior debt, as well as residential solar;
  • Originated $455 million of transactions in the first half of 2015 as compared to approximately $328 million in the same period last year; and
  • Raised $82 million in additional capital through a follow-on equity offering.
Portfolio
Our Portfolio totaled $1.1 billion at June 30, 2015 and included $331 million of energy efficiency investments, $735 million of renewable energy (wind and solar) transactions and $50 million of other sustainable infrastructure investments. The following is an analysis of our Portfolio by type of obligor and credit quality as of June 30, 2015, with 99% of the Debt and Real Estate portion of the Portfolio rated investment grade as shown below:

Investment Grade

Government (1)

Commercial Investment Grade(2)

Commercial Non-Investment Grade (3)

Subtotal, Debt and Real Estate

Equity Method Investments(4)

Total

($ in millions)

Financing receivables

$        297

$        392

$            -

$         689

$          —

$       689

Financing receivables held-for-sale

85

85

85

Investments

15

13

28

28

Real estate(5)

152

152

152

Equity method investments

162

162

Total

$        382

$        559

$          13

$         954

$        162

$       1,116

% of Debt and Real Estate Portfolio

40%

59%

1%

100%

N/A

N/A

Average Remaining Balance(6)

$          13

$            10

$          13

$          11

$          16

$     11

(1)

Transactions where the ultimate obligor is the U.S. Federal Government or state or local governments where the obligors are rated investment grade (either by an independent rating agency or based upon ‎our internal credit analysis). This amount includes $280 million of U.S. Federal Government transactions and $102 million of transactions where the ultimate obligors are state or local governments. Transactions may have guaranties of ‎energy savings from third party service providers, the majority of which are entities rated investment grade by an independent rating agency.‎

‎(2)‎

Transactions where the projects or the ultimate obligors are commercial entities, including institutions such as hospitals or ‎universities, that have been rated ‎investment grade (either by an independent rating agency or based on our internal credit analysis).  Of this total, $62 million of the transactions have been rated investment grade by an independent rating agency.  Commercial investment grade financing receivables includes $137 million of internally rated residential solar loans where the cash flows which support our financing receivables are subordinated to the tax equity investors (whose return is largely derived from the renewable energy tax incentives) and for which we rely on certain tax related indemnities of the publicly traded residential solar provider.

‎(3)‎

Transactions where the projects or the ultimate obligors are commercial entities, including institutions such as hospitals or universities, that have ratings below ‎investment grade (either by an independent rating agency or using our internal credit analysis).

‎(4‎)

Consists of minority ownership interest in operating wind projects in which we earn a preferred return.

‎(5)‎

Includes the real estate and the lease intangible assets through which we receive scheduled lease payments, typically under long-term triple net lease agreements.

‎(6)‎

Excludes 77 transactions each with outstanding balances that are less than ‎‎$1 million and that in the aggregate total $25 million.‎

Second Quarter Financial Results

Hannon Armstrong reported second-quarter 2015 Core Earnings of $8.1 million or $0.26 per share, as compared with Core Earnings of $4.8 million, or $0.22 per share, in the three months ended June 30, 2014. The increase in Core Earnings is largely due to an increase in Core Net Investment Revenue, which increased to $8.4 million from $3.1 million in the three months ended June 30, 2014 due to an 89% growth in the Portfolio from June 30, 2014 to June 30, 2015.  This increase was offset by a decrease in other investment revenue of $2.1 million in the three months ended June 30, 2015 due to holding more transactions on the balance sheet.

As of June 30, 2015, we had 32% of our debt at fixed rates as shown in the chart below:

June 30, 2015

% of Total

($ in millions)

Floating-Rate Credit Facility

$     420

68%

Fixed-Rate HASI asset backed debt

198

32%

Total Debt(1)

$     618

100%

(1) Excludes match-funded other nonrecourse debt of $108 million where the debt is match-funded with corresponding assets and we have no interest rate risk.

 

As of June 30, 2015, leverage, as measured by debt-to-equity, was 1.8 to 1. This calculation excludes securitizations that are not consolidated on our balance sheet (where the collateral is typically borrowings with U.S. government obligors) and our on balance sheet match funded nonrecourse debt.

"We were able to hold more transactions on our balance sheet based upon the mix of what we closed this quarter," said Chief Financial Officer Brendan Herron. "The strong originations allowed us to put the equity raise to use with minimal impact on leverage and thus earnings."

Conference Call and Webcast Information

Hannon Armstrong will host an investor conference call today at 5:00 pm ET. Interested parties are invited to listen to the conference call by dialing 1-877-407-0784, or for international callers, 1-201-689-8560. A replay will be available two hours after the call and can be accessed by dialing 1-877-870-5176, or for international callers, 1-858-384-5517. The passcode for the live call and the replay is 13613959. The replay will be available until August 13, 2015. A webcast of the conference call will also be available through the Investor Relations section of our website, at www.hannonarmstrong.com.

To view the full press release, please click here.



 

Hannon Armstrong Announces Proposed Securitization

ANNAPOLIS, Md., Aug. 4, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our," or the "Company;") (NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today announced that Kroll Bond Rating Agency released an ABS Pre-sale Report related to an intended offering, subject to market and other conditions, by its indirect subsidiary, HASI SYB Trust 2015-1, of a private placement of a securitization transaction consisting of approximately $125 million in aggregate principal amount of Sustainable Yield(SM) Bonds, Series 2015-1 (the "Bonds"), with an anticipated repayment date of July 20, 2040.  The Bonds will be payable from, and secured by, certain assets on the Company's balance sheet and will not be insured or guaranteed by the Company or any other affiliate thereof, or by any other person or entity.  Hannon Armstrong Capital, LLC, the operating subsidiary of the Company, will act as servicer for the securitization.

The Bonds have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Sales of Bonds to Institutional Accredited Investors who are also Qualified Purchasers will be made directly by the Issuer under Rule 506(c) of Regulation D promulgated under Section 4(a)(2) of the Securities Act, or under Regulation S promulgated under the Securities Act.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, and there shall not be any offer or sale of these securities in any state in which such offer, solicitation or sale would be unlawful.

To view the full press release, please click here.



 

Hannon Armstrong to Present at Canaccord Genuity Growth Conference and Bank of America Merrill Lynch 2015 Alternative Energy: The New Normal Conference

ANNAPOLIS, Md., ANNAPOLIS, July 31, 2015/PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we", "our" or the "Company;") (NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today announced that management will be attending the upcoming investor conferences:

Canaccord Genuity Growth Conference

Date: Wednesday, August 12, 2015

Presentation Time: 10:00am ET

InterContinental Boston – Boston, MA

 

Bank of America Merrill Lynch 2015 Alternative Energy: The New Normal

Breakfast with Hannon Armstrong: Creative Financial Strategies for Energy Efficiency

Date: Thursday, August 13, 2015

Presentation Time: 8:00am ET

Bank of America Tower – New York, NY

A webcast will be available for the Canaccord Genuity Growth Conference.  To listen to the presentation, please go to the "Investors" tab of the Company's website at www.hannonarmstrong.com at least 15 minutes prior to the start of the broadcast to register and download any necessary audio software.  For those who are not able to listen to the live broadcast, a replay will be available shortly following the conference on the Company's website, and will be accessible for 90 days.

Management will also hold one-on-one and small group meetings with investors. A copy of the presentation that the Company will use for upcoming investor meetings will be posted to its website under, "HASI Investor Relations Presentation – August 2015."

To view the full press release, please click here.



 

Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces Second Quarter 2015 Earnings Release Date and Conference Call

ANNAPOLIS, Md., ANNAPOLIS, July 30, 2015/PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we", "our" or the "Company;") (NYSE: HASI), Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong,” “we,” “our,” or the “Company;” NYSE:  HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today announced that the Company will release its second quarter 2015 results after the market close on Thursday, August 6, 2015, to be followed by a conference call at 5:00 p.m. (Eastern Time).

The conference call can be accessed live over the phone by dialing 1-877-407-0784, or for international callers, 1-201-689-8560. A replay will be available two hours after the call and can be accessed by dialing 1-877-870-5176, or for international callers, 1-858-384-5517. The passcode for the live call and the replay is 13613959. The replay will be available until August 13, 2015.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of the Company's website at www.hannonarmstrong.com. The on-line replay will be available for a limited time beginning immediately following the call.

To learn more about Hannon Armstrong, please visit the Company's Web site at www.hannonarmstrong.com.  In addition to filing or furnishing required information to the U.S. Securities and Exchange Commission, Hannon Armstrong uses its Web site as a channel of distribution of material Company information. Financial and other material information regarding Hannon Armstrong is routinely posted on the Company's Web site and is readily accessible.

To view the full press release, please click here.



Hannon Armstrong Announces $0.26 per Share Quarterly Dividend for an Annualized 5.2% Dividend Yield and Executive Promotions

ANNAPOLIS, Md., ANNAPOLIS, June 16, 2015/PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we", "our" or the "Company;") (NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today announced that its Board of Directors declared a quarterly cash dividend of $0.26 per share of common stock, payable on July 9, 2015, to stockholders of record on June 30, 2015.   Based upon the Company's common stock closing price of $19.88 per share on June 15, 2015, the dividend represents an annualized yield of 5.2%.

Additionally, effective June 16, 2015, Nate Rose, has been promoted to Executive Vice President and Chief Operating Officer and Dan McMahon has been promoted to an Executive Vice President focused on our governmental and public sector clients.  Both Mr. Rose and Mr. McMahon previously served as Senior Vice Presidents and have been with the Company since 2000. "Dan and Nate have done a great job in helping to build this business," said CEO Jeffrey Eckel. "These promotions reflect the additional responsibilities they have taken to further our growth plans."  With Mr. Rose's new operating responsibilities including sponsoring transactions, he will no longer serve on the investment committee that will continue to be comprised of the CEO, Mr. Eckel, and the CFO, Mr. Herron, and will also include depending on the transaction, either our Executive Vice President, Mr. M. Rhem Wooten (for governmental and public sector investments) or Mr. McMahon (for commercial investments.)

Mr. Rose, 37, has been with the Company's predecessor since 2000, in a variety of roles, most recently as a senior vice president since 2007. Mr. Rose will assume more responsibility for the overall business processes as well as continuing to be involved in structuring and analyzing the Company's transactions. He has been involved with a vast majority of the Company's transactions since 2000. He earned a joint Bachelor of Science and Bachelor of Arts degree from the University of Richmond in 2000, a Master of Business Administration degree from the Darden School of Business Administration at the University of Virginia in 2009, is a CFA charterholder and has passed the CPA examination. He holds a Series 79 securities license.

Mr. McMahon, 43, has been with the Company's predecessor since 2000 in a variety of roles, most recently as a senior vice president since 2007. Mr. McMahon responsibilities will include an expanded executive role in originating and executing transactions with the Company's government customers. He has played a role in analyzing, negotiating and structuring several billion dollars of transactions. Mr. McMahon previously worked with T. Rowe Price from 1997 to 2000. Mr. McMahon received his Bachelor of Arts degree from the University of California, San Diego in 1993, and is a CFA charterholder. He holds Series 24, 63 and 79 securities licenses.

 

To view the full press release, please click here.



Hannon Armstrong Releases 2nd Annual Sustainability Report Card

2014 Investments Estimated to Reduce Over 340,500 Tons of GHG Annually

ANNAPOLIS, Md., ANNAPOLIS, May 18, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "Company;" NYSE: HASI), a leading capital provider to the energy efficiency and renewable energy markets, today announced the release of its 2nd Annual Sustainability Report Card, which detailed 54 investments with estimated savings of over 340,500 tons of greenhouse gases ("GHG") annually at an average rate of .39 MT GHG/$1,000 of investment.

"If carbon counts and capital is scarce, we believe in evaluating investments not only for their financial returns, but also for their impact in reducing GHG. We, therefore, screen each investment against our sustainability definition: assets that are neutral to negative on GHG emissions, and consider the amount of capital necessary to achieve the reduction," said Jeffrey Eckel, President & CEO of Hannon Armstrong.  "In a world increasingly defined by carbon, we believe reporting this level of detail on investments will grow in importance to investors."

The GHG savings for each of Hannon Armstrong's financings are converted into an estimate of metric tons of CO2 equivalent emissions based upon the project's location and the corresponding emissions factor data from the U.S. Government and International Energy Administration.  We estimate that assets financed by Hannon Armstrong in 2014 will reduce emissions by more than 340,577 metric tons of GHG per year, equivalent to more than 165,000 tons of coal, and save more than 145 million gallons of water annually.

In a related event, The Alliance to Save Energy's CarbonCount™ (the "Alliance"), a system for scoring the carbon impacts of green bonds, was a recent winner of Bloomberg New Energy Finance's Finance for Resilience competition. CarbonCount was built in part using the principles pioneered by Hannon Armstrong in its Sustainability Report Cards.  Kateri Callahan, Executive Director of the Alliance, said, "Hannon has led the way on this methodology and the Alliance intends to build on these efforts so that the green bond industry has a reliable certification metric on carbon impact." Hannon Armstrong intends to pursue a CarbonCount rating from the Alliance on its future public and privately placed bond issuances.

"Our investment thesis is that superior risk-adjusted returns will be achieved with a diverse portfolio of assets that sit on the right side of the climate change issue and thus contributing to our Sustainable Yield℠advantage," continued Eckel.

To view the full press release, please click here.



Hannon Armstrong to Present at Upcoming Conferences

Conferences Include UBS Financial Services Conference; Wells Fargo Specialty Finance Conference; Cowen and Company Technology, Media & Telecom Conference; Stanford University's Inaugural Energy Dialogue; and REITWeek® 2015: NAREIT's Investor Forum®

ANNAPOLIS, Md., ANNAPOLIS,May 11, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," or the "Company") (NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today announced that management will be attending the upcoming investor conferences:

UBS Financial Services Conference

Date: Wednesday, May 13, 2015

Grand Hyatt New York – New York, NY

Wells Fargo Specialty Finance Conference

Date: Tuesday, May 19, 2015

Presentation Time: 2:30pm ET

J.W. Marriott Essex House – New York, NY

Cowen and Company Technology, Media & Telecom Conference

Date: Thursday, May 28, 2015

Panel Participant: Exploring Emerging Trends in the Solar Sector

The New York Palace Hotel – New York, NY

Initiative Inaugural Energy Dialogue Hosted by the Sustainable Energy Initiative at Stanford University's Graduate School of Business

Date: Tuesday, June 2, 2015

Panel Participant: Yieldcos: Prospects for an Innovative Energy Financing Mechanism

Stanford University's Graduate School of Business – Stanford, CA

REITWeek® 2015: NAREIT's Investor Forum®

Date: Tuesday, June 9, 2015

Presentation Time: 9:30am ET

New York Hilton Midtown – New York, NY

A webcast will be available for the Wells Fargo Specialty Finance Conference and REITWeek® 2015: NAREIT's Investor Forum®.  To listen to the presentation, please go to the "Investors" tab of the Company's website at least 15 minutes prior to the start of the broadcast to register and download any necessary audio software.  For those who are not able to listen to the live broadcast, a replay will be available shortly following the conference on the Company's website, and will be accessible for 90 days.

Management will also hold one-on-one and small group meetings with investors. A copy of the presentation that the Company will use for upcoming investor meetings has been posted to its website under, "HASI Investor Relations Presentation – May 2015."

To view the full press release, please click here.



Hannon Armstrong Announces 35% Increase in Q1 2015 Core Earnings to $0.27 per Share

ANNAPOLIS, Md., ANNAPOLIS, May 6, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "Company;" NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today reported Core Earnings, a non GAAP financial measure, for the quarter ended March 31, 2015, of $7.4 million or $0.27 per share, an increase of 35% over the $0.20 per share in the same quarter last year.

On a GAAP basis, the Company recorded net income for the quarter ended March 31, 2015 of $2.1 million or $0.07 per share as compared to a $2.8 million or $0.17 per share in the same quarter in 2014. A reconciliation of our Core Earnings to GAAP net income is included in this press release.

"2015 has started stronger than 2014 and our pipeline for the rest of the year is robust with growth in the efficiency, wind and solar asset classes," said CEO Jeffrey Eckel. "With the completion of our recent equity offering, we look forward to continuing to invest our new capital to support our sustainable yield returns."

Highlights

 

  • Closed $167 million of transactions year to date through April 27, 2015 as compared to $132 million in the same period last year
  • Delivered 35% Core EPS Growth in Q1 2015 compared to Q1 2014
  • Raised $81 million in additional capital
  • Diversified pipeline of over $2 billion

 

 

Portfolio

Our Portfolio totaled $885 million at March 31, 2015 and included $306 million of energy efficiency investments, $537 million of renewable energy (wind and solar) transactions and $42 million of other sustainable infrastructure investments. The following is an analysis of our Portfolio by type of obligor and credit quality as of March 31, 2015, with 98% of the Debt and Real Estate portion of the Portfolio rated investment grade as shown below:

 

Investment Grade










Government (1)


Commercial Investment Grade(2)


Commercial Non-Investment Grade(3)


Subtotal, Debt and Real Estate


Equity Method Investment(4)


Total


($ in millions)

Financing receivables

$        304


$        249


$            1


$         554


$          —


$        554

Financing receivables held-for-sale

40




40



40

Investments


9


14


23



23

Real estate(5)


130



130



130

Equity method investment





138


138

Total

$        344


$        388


$          15


$         747


$        138


$        885

% of Debt and Real Estate Portfolio

46%


52%


2%


100%


N/A


N/A

Average Remaining Balance(6)

$          11


$            9


$          14


$          10


$          14


$     10


‎(1) Transactions where the ultimate obligor is the U.S. Federal Government or state or local governments where the obligors are rated investment grade (either by an independent rating agency or based upon ‎our internal credit analysis). This amount includes $261 million of U.S. Federal Government transactions and $83 million of transactions where the ultimate obligors are state or local governments. Transactions may have guaranties of ‎energy savings from third party service providers, the majority of which are entities rated investment grade by an independent rating agency.‎

‎(2)‎ Transactions where the projects or the ultimate obligors are commercial entities, including institutions such as hospitals or universities,  that have been rated ‎investment grade (either by an independent rating agency or based on our internal credit analysis).  Of this total, $59 million of the transactions have been rated investment grade by an independent rating agency.

(3)‎ Transactions where the projects or the ultimate obligors are commercial entities, including institutions such as hospitals or universities, that have ratings below ‎investment grade (either by an independent rating agency or using our internal credit analysis).

‎(4‎) Consists of minority ownership interest in operating wind projects in which we earn a preferred return.

(5)‎ Includes the real estate and the lease intangible assets through which we receive scheduled lease payments, typically under long-term triple net lease agreements.

(6)‎ Excludes 73 transactions each with outstanding balances that are less than ‎‎$1 million and that in the aggregate total $21 million.‎

 

First Quarter Financial Results

Hannon Armstrong reported first-quarter Core Earnings of $7.4 million or $0.27 per share, as compared with Core Earnings of $3.4 million, or $0.20 per share, in Q1 2014. The increase in Core Earnings is largely due to an increase in Core Net Investment Revenue, which increased to $7.6 million from $2.4 million in Q1 2014 due to an 82% growth in the Portfolio from Q1 2014.  This increase was offset by a decrease in other investment revenue of $0.2 million and an increase of $1.0 million in Core Other Expenses, net to $3.3 million from $2.3 million in Q1 2014.  Core Other Expense rose due to an increase in personnel and G&A expenses related to the growth in the business.


As of March 31, 2015, we had 39% of our debt at fixed rates as shown in the chart below:


March 31, 2015


% of Total


($ in millions)



Floating-Rate Credit Facility

$     321


61%

Fixed-Rate HASI asset backed debt

209


39%

Total Debt(1)

$     530


100%



(1) Excludes match-funded other nonrecourse debt of $111 million where the debt is match-funded with corresponding assets and we have no interest rate risk.

As of March 31, 2015, leverage, as measured by debt-to-equity, was 2.0 to 1. This calculation excludes securitizations that are not consolidated on our balance sheet (where the collateral is typically borrowings with U.S. government obligors) and our on balance sheet match funded nonrecourse debt.

"The combination of our key growth drivers of an increasing investment portfolio, margin expansion and operating leverage from an internally managed platform all contributed to our strong performance in the quarter," said Chief Financial Officer Brendan Herron. "Having completed the equity raise in April, we are focused on putting the capital to work while executing on our plan to achieve our increased targets for financial leverage and fixed-rate debt financing."

Conference Call and Webcast Information

Hannon Armstrong will host an investor conference call today at 5:00 pm ET. Interested parties are invited to listen to the conference call by dialing 1-877-407-0784, or for international callers, 1-201-689-8560. A replay will be available two hours after the call and can be accessed by dialing 1-877-870-5176, or for international callers, 1-858-384-5517. The passcode for the live call and the replay is 13608851. The replay will be available until May 13, 2015. A webcast of the conference call will also be available through the Investor Relations section of our website, at www.hannonarmstrong.com.

 

To view the full press release, please click here.



Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces First Quarter 2015 Earnings Release Date and Conference Call

ANNAPOLIS, Md., ANNAPOLIS, Md., May 4, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company;") (NYSE: HASI), a leading capital provider to the energy efficiency and renewable energy markets, today announced that the Company will release its first quarter 2015 results after the market close on Wednesday, May 6, 2015, to be followed by a conference call at 5:00 p.m. (Eastern Time).

The conference call can be accessed live over the phone by dialing 1-877-407-0784, or for international callers, 1-201-689-8560. A replay will be available two hours after the call and can be accessed by dialing 1-877-870-5176, or for international callers, 1-858-384-5517. The passcode for the live call and the replay is 13608851. The replay will be available until May 13, 2015.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of the Company's website at www.hannonarmstrong.com. The on-line replay will be available for a limited time beginning immediately following the call.

To learn more about Hannon Armstrong, please visit the Company's Web site at www.hannonarmstrong.com. In addition to filing or furnishing required information to the U.S. Securities and Exchange Commission, Hannon Armstrong uses its Web site as a channel of distribution of material Company information. Financial and other material information regarding Hannon Armstrong is routinely posted on the Company's Web site and is readily accessible.

To view the full press release, please click here.



Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces the Closing of its Public Offering of Common Stock

ANNAPOLIS, Md., ANNAPOLIS, Md., May 4, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (HASI) announced today the closing of its public offering of 4,600,000 shares of common stock at a price of $18.50 per share.  This amount includes the exercise in full by the underwriters of their option to purchase up to 600,000 additional shares of common stock.

BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities acted as joint book-running managers for the offering. Baird and Roth Capital Partners acted as co-managers.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. The offering was made only by means of a prospectus supplement and accompanying prospectus. A copy of the preliminary prospectus supplement and accompanying prospectus related to the offering can be obtained, when available, by contacting: BofA Merrill Lynch, 222 Broadway, New York, New York 10038 Attention: Prospectus Department, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department; or from Wells Fargo Securities, LLC, 375 Park Avenue, 4th Floor, New York, New York 10152, Attention: Equity Syndicate, or by telephone at 800-326-5897, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered shares, nor shall there be any sale of such shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

To view the full press release, please click here.



 

Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces the Pricing of its Public Offering of Common Stock

ANNAPOLIS, Md., ANNAPOLIS, Md., April 29, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (HASI) announced today the pricing of its public offering of 4,000,000 shares of common stock at a price of $18.50 per share.  The Company has granted the underwriters a 30-day option to purchase up to 600,000 additional shares of common stock.

BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers for the offering. Baird and Roth Capital Partners are acting as co-managers.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. The offering will be made only by means of a prospectus supplement and accompanying prospectus. A copy of the preliminary prospectus supplement and accompanying prospectus related to the offering can be obtained, when available, by contacting: BofA Merrill Lynch, 222 Broadway, New York, New York 10038 Attention: Prospectus Department, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department; or from Wells Fargo Securities, LLC, 375 Park Avenue, 4th Floor, New York, New York 10152, Attention: Equity Syndicate, or by telephone at 800-326-5897, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered shares, nor shall there be any sale of such shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

To view the full press release, please click here.



Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces Public Offering of Common Stock

ANNAPOLIS, Md., ANNAPOLIS, Md., April 28, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (HASI) announced today that it is commencing a public offering of 4,000,000 shares of common stock.  The Company expects to grant the underwriters a 30-day option to purchase up to 600,000 additional shares of common stock.

BofA Merrill Lynch, Morgan Stanleyand Wells Fargo Securities are acting as joint book-running managers for the offering. Baird and Roth Capital Partners are acting as co-manager.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. The offering will be made only by means of a preliminary prospectus supplement and accompanying prospectus, which have been filed with the Securities and Exchange Commission. A copy of the preliminary prospectus supplement and accompanying prospectus related to the offering can be obtained by contacting: BofA Merrill Lynch, 222 Broadway, New York, New York 10038 Attention: Prospectus Department, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department; or from Wells Fargo Securities, LLC, 375 Park Avenue, 4th Floor, New York, New York 10152, Attention: Equity Syndicate, or by telephone at 800-326-5897, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered shares, nor shall there be any sale of such shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

To view the full press release, please click here.



Hannon Armstrong

Hannon Armstrong Announces $0.26 per Share Quarterly Dividend for an Annualized 5.7% Dividend Yield

ANNAPOLIS, Md., ANNAPOLIS, Md., March 17, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company;" NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today announced that its Board of Directors declared a quarterly cash dividend of $0.26 per share of common stock, payable on April 9, 2015, to stockholders of record on March 30, 2015.

Based upon the Company's common stock closing price of $18.28 per share on March 17, 2015, the dividend represents an annualized yield of 5.7%.

To view the full press release, please click here.



Hannon Armstrong Announces 23% Increase in Q4 2014 Core Earnings to $0.27 per Share, Provides 14% to 16% Annual Core Earnings per Share Growth Target for 2015 and 2016

ANNAPOLIS, Md., March 3, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "Company;" NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today reported Core Earnings, a non GAAP financial measure, for the quarter ended December 31, 2014, of $7.1 million or $0.27 per share, an increase of 23% over the $0.22 per share in the same quarter last year.

Core Earnings for the year ended December 31, 2014 were $20.3 million or $0.93 per share as compared to $7.3 million or $0.43 per share in 2013.  On a GAAP basis, the Company recorded net income for the year ended December 31, 2014 of $9.6 million or $0.43 per share as compared to a loss of $10.5 million or $(0.68) per share in 2013.  GAAP net income for the quarter ended December 31, 2014 was $1.5 million or $0.05 per share as compared to a loss of $7.3 million or $(0.48) per share in the same quarter last year.  A reconciliation of our Core Earnings to GAAP net income is included in this press release.

"With over $875 million in originations this year and a strong pipeline of over 125 investment opportunities, we are providing guidance of 14% to 16% annualized Core Earnings growth for 2015 and 2016," said CEO Jeffrey Eckel. "As evidenced by the strong quarter, we continue to execute on our growth plan. Our diversified investment platform with multiple origination sources in multiple markets supports our projected future earnings growth."

Highlights

 

  • Closed $375 million of transactions in the fourth quarter of 2014, surpassing our $200 million internal quarterly origination target
  • Delivered 23% Core EPS Growth in Q4 against a 13%-15% growth target
  • 18% increase in dividend to $0.26 per share in Q4 from $0.22 per share in Q3
  • Grew balance sheet above $1 billion, with over 80 separate investments
  • Achieved 40% fixed rate debt, including adding $115 million of fixed rate debt in the quarter
  • Debt to equity ratio 1.9 to 1
  • Diversified pipeline of over $2.0 billion in over 125 investment opportunities

 

Guidance

The Company projects annualized Core Earnings growth in the range of 14% to 16% per diluted share for 2015 and 2016. This guidance reflects the Company's estimates of (i) yield on our existing Portfolio; (ii) yield on incremental Portfolio investments inclusive of the Company's existing pipeline; (iii) amount and timing of debt and equity capital deployment to fund new investments; (iv) costs of additional debt and equity capital to fund new investments; and (v) changes in costs and expenses reflective of the Company's forecasted operations. All guidance is based on current expectations of future economic conditions, the dynamics of the markets in which it operates and the judgment of the Company's management team.

Portfolio

Our Portfolio totaled $900 million at December 31, 2014, and included $298 million of energy efficiency investments, $549 million of renewable energy (wind and solar) transactions and $53 million of other sustainable infrastructure investments. The following is an analysis of our Portfolio by type of obligor and credit quality as of December 31, 2014 with 98% of the Debt and Real Estate portion of the Portfolio rated investment grade as shown below:


Investment Grade










Government(1)


Commercial Investment Grade(2)


Commercial 
Non-Investment 
Grade(3)


Subtotal, Debt and Real Estate


Equity Method 
Investment(4)


Total


($ in millions)

Financing receivables

$        284


$        268


$            1


$         553


$          —


$        553

Financing receivables held-for-sale

62




62



62

Investments


13


14


27



27

Real estate(5)


114



114



114

Equity method investment





144


144

Total

$        346


$        395


$          15


$         756


$        144


$        900

% of Debt and Real Estate Portfolio

46%


52%


2%


100%


N/A


N/A

Average Remaining Balance(6)

$          11


$            9


$          14


$          10


$          14


$          11













‎(1)‎

Transactions where the ultimate obligor is the U.S. Federal Government or state or local governments where the obligors are rated investment grade (either by an independent rating agency or based upon ‎our internal credit analysis). This amount includes $263 million of U.S. Federal Government transactions and $83 million of transactions where the ultimate obligors are state or local governments. Transactions may have guaranties of ‎energy savings from third party service providers, the majority of which are entities rated investment grade by an independent rating agency.‎

‎(2)‎

Transactions where the projects or the ultimate obligors are commercial entities, including institutions such as hospitals or universities, that have been rated ‎investment grade (either by an independent rating agency or based on our internal credit analysis).  Of this total, $56 million of the transactions have been rated investment grade by an independent rating agency.

‎(3)‎

Transactions where the projects or the ultimate obligors are commercial entities, including institutions such as hospitals or universities, that have ratings below ‎investment grade (either by an independent rating agency or using our internal credit analysis).  Financing receivables ‎are net of an allowance for credit losses of $1.2 million.

‎(4)

Consists of minority ownership interest in operating wind projects in which we earn a preferred return.

‎(5)‎

Includes the real estate and the lease intangible assets through which we receive scheduled lease payments, typically under long-term triple net lease agreements.

‎(6)‎

Average Remaining Balance excludes 75 transactions each with outstanding balances that are less than ‎‎$1.0 million and that in the aggregate total $21.0 million.‎

Fourth Quarter Financial Results

Hannon Armstrong reported fourth-quarter Core Earnings of $7.1 million or $0.27 per share, as compared with Core Earnings of $3.7 million, or $0.22 per share, in Q4 2013. The increase in Core Earnings is largely due to an increase in Core Net Investment Revenue, which increased to $6.2 million from $3.2 million in Q4 2013 as a result of a larger investment portfolio.  Other investment revenue increased by $0.7 million, which offset an increase of $0.4 million in Core Other Expenses, net to $2.9 million from $2.5 million in Q4 2013.

As of December 31, 2014, we had 40% of our debt at fixed rates as shown in the chart below:

 


December 31, 2014


% of Total


($ in millions)



Floating-Rate Credit Facility

$     316


60%

Fixed-Rate HASI asset backed debt

208


40%

Total Debt(1)

$     524


100%





(1) Excludes match-funded other nonrecourse debt of $112.5 million where the debt is match-funded with corresponding assets and we have no interest rate risk

As of December 31, 2014, leverage, as measured by debt-to-equity, was 1.9 to 1. This calculation excludes securitizations that are not consolidated on our balance sheet (where the collateral is typically borrowings with U.S. government obligors) and our on balance sheet match funded nonrecourse debt.

"We added another $115 million of fixed rate debt as we continue to fix out interest rates and increase leverage with a variety of debt options available to us, including our Sustainable Yield Bonds, bank financing and insurance company lenders," said Chief Financial Officer Brendan Herron. "We continue to take measured steps to account for the potential for a changing interest rate environment."

Conference Call and Webcast Information

Hannon Armstrong will host an investor conference call today at 5:00 pm ET. Interested parties are invited to listen to the conference call by dialing 1-877-407-0784, or for international callers, 1-201-689-8560. A replay will be available two hours after the call and can be accessed by dialing 1-877-870-5176, or for international callers, 1-858-384-5517. The passcode for the live call and the replay is 13600556. The replay will be available until March 10, 2015. A webcast of the conference call will also be available through the Investor Relations section of our website, at www.hannonarmstrong.com.

To view the full press release, please click here.


Hannon Armstrong to Present at Upcoming UBS Utilities and Natural Gas Conference, Morgan Stanley MLP/Diversified Natural Gas, Utilities & Clean Tech Conference and 27th Annual ROTH Capital Conference

ANNAPOLIS, Md., Mar. 2, 2015 /PRNewswire/-- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong" or the "Company") (NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today announced that management will be attending the upcoming investor conferences:

UBS Utilities and Natural Gas Conference

Date: Wednesday, March 4, 2015

InterContinental Boston – Boston, MA


Morgan Stanley MLP/Diversified Natural Gas, Utilities & Clean Tech Conference

Date: Thursday, March 5, 2015

St. Regis Hotel - New York, NY


27th Annual ROTH Capital Conference

Date: Tuesday, March 10, 2015

Ritz-Carlton - Laguna Niguel, CA

HASI Presentation: 2:30pm Pacific Time

A webcast will be available for the 27th Annual ROTH Capital Conference. To listen to the presentation, please go to the "Investors" tab of the Company's website at least 15 minutes prior to the start of the broadcast to register and download any necessary audio software.  For those who are not able to listen to the live broadcast, a replay will be available shortly following the conference on the Company's website, and will be accessible for 90 days.

The Company will also post its presentation to the "Investors" tab of its website under "Investor Presentation – March 2015."

To view the full press release, please click here.


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces Fourth Quarter and Full Year 2014 Earnings Release Date and Conference Call

ANNAPOLIS, Md., Feb. 26, 2015 /PRNewswire/-- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company;" NYSE:  HASI), a leading provider of debt and equity to the energy efficiency and renewable energy markets, today announced that the Company will release its fourth quarter and full year 2014 results after the market close on Tuesday, March 3, 2015, to be followed by a conference call at 5:00 p.m. (Eastern Time).

The conference call can be accessed live over the phone by dialing 1-877-407-0784, or for international callers, 1-201-689-8560. A replay will be available two hours after the call and can be accessed by dialing 1-877-870-5176, or for international callers, 1-858-384-5517. The passcode for the live call and the replay is 13600556. The replay will be available until March 10, 2015.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of the Company's website at www.hannonarmstrong.com. The on-line replay will be available for a limited time beginning immediately following the call.

To learn more about Hannon Armstrong, please visit the company's Web site at www.hannonarmstrong.com.  In addition to filing or furnishing required information to the U.S. Securities and Exchange Commission, Hannon Armstrong uses its Web site as a channel of distribution of material company information. Financial and other material information regarding Hannon Armstrong is routinely posted on the Company's Web site and is readily accessible.

To view the full press release, please click here.


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces 2014 Dividend Income Tax Treatment

ANNAPOLIS, Md., Jan. 27, 2015/PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong” or the "Company;" NYSE: HASI), a clean energy investor, today announced the estimated Federal income tax treatment of the Company's 2014 distributions on its common stock (CUSIP # 41068X 100).

The Federal income tax classification of the aggregate $0.88 distribution per share on the Company's common stock with respect to the calendar year ended December 31, 2014 is:


Record Date

Payable Date

Total Distribution Per Share

Ordinary Income Per Share

Return of Capital Per Share

Capital Gain Per Share

12/30/13

1/10/14

$0.2200

$0.0119

$0.2081

$0.00

3/27/14

4/9/14

$0.2200

$0.0119

$0.2081

$0.00

6/27/14

7/10/14

$0.2200

$0.0119

$0.2081

$0.00

9/26/14

10/9/14

$0.2200

$0.0119

$0.2081

$0.00

2014

Totals

$0.8800

$0.0476

$0.8324

$0.00


12/19/2014

01/09/2015

$0.2600

To Be Reported on 2015 1099-Div

As the Company’s aggregate distributions exceeded its taxable earnings and profits, the January 2015 distribution declared in the fourth quarter of 2014 and payable to shareholders of record as of December 19, 2014, will be treated as a 2015 distribution for Federal income tax purposes and is not included on the 2014 Form 1099. Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.

To view the full press release, please click here.


Hannon Armstrong Elects Steve Osgood to Board of Directors

ANNAPOLIS, Md., Jan. 13, 2015 –Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the “Company;” NYSE: HASI), a clean energy investor, today announced the appointment of Steven G. Osgood as an independent member to its Board of Directors.  Mr. Osgood was also appointed to the Board’s Audit Committee.  With the addition of Mr. Osgood, the Board of Directors now consists of six members, five of whom are independent members.

“Steve Osgood brings to our Board experience in high growth, alternative REITs and deepens our public company experience base," said Jeffrey Eckel, Chairman, President & CEO of Hannon Armstrong. “His experience in a high growth environment will be of great assistance to the Board as we continue to execute on our growth plan.”

Osgood has extensive experience in the real estate investment trust (“REIT”) industry having served as CFO of DuPont Fabros, a REIT that owns, operates and develops data center properties, as well as Global Signal, a REIT that owned, leased, or managed approximately 11,000 towers and other wireless sites prior to its acquisition by Crown Castle International Corp.  He has served as the CEO of Square Foot Companies, LLC a private real estate company focused on self-storage and single-tenant properties since 2008.

Mr. Osgood graduated from Miami University with a Bachelor of Science degree in 1978 and graduated from the University of San Diego with a Masters in Business Administration in 1987 and has passed the Certified Public Accountant exam.

As a result of the addition of Mr. Osgood, several changes were made to the Board Committees and the new composition of the Company's Board committees is listed below.

Audit Committee

Richard Osborne (Chair)

Charles O’Neil

Steven Osgood

Compensation Committee

Mark Cirilli (Chair)

Charles O’Neil

Jackalyne Pfannenstiel

Nominating and Corporate Governance Committee

Jackalyne Pfannenstiel (Chair)

Mark Cirilli

To view the full press release, please click here.