Hi b&w.
Thanks for the HASI info.
One thing I’m confused about. You say that the distribution is 65% tax deferred. Normally, the dividends that REITs pay are taxed more heavily at the shareholder level because the REIT structure grants the corporation significant tax benefits. More specifically, the dividend on most REITs never becomes “qualified”, so it is taxed at marginal income rates rather than at marginal capital gains tax rates.
How does HASI achieve a tax deferred status? Tax loss carryforwards? Return of capital? Something else?
Thanks for your help in aiding my understanding.
Thanks also for posting and for your willingness to share your unique approach. I add my “welcome” to the chorus.
Thanks and best wishes,
TMFDatabaseBob (no position in HASI; REITs and companies that directly support the real estate industry make up about 8% of my portfolio)
See my holdings here: http://my.fool.com/profile/TMFDatabasebob/info.aspx
Peace on Earth