Tax attribute

HASI Adopts Tax Benefit Preservation Plan for Net Operating Losses

Retrieved on: 
Thursday, November 2, 2023
REIT, Alternative Energy, Energy, Construction & Property, Utilities, NOL, Security (finance), NYSE, Internal Revenue Code, Bangladesh Securities and Exchange Commission, Rights, Acquisition, HASI, Risk, Tax attribute, Holding company

Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), today announced that its Board of Directors (the "Board") has adopted a tax benefits preservation plan (the "NOL Plan") to help preserve the value of its net operating losses ("NOLs") and other tax attributes (together with NOLs, "Tax Attributes").

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), today announced that its Board of Directors (the "Board") has adopted a tax benefits preservation plan (the "NOL Plan") to help preserve the value of its net operating losses ("NOLs") and other tax attributes (together with NOLs, "Tax Attributes").
  • However, the Company’s ability to use its Tax Attributes may become substantially limited if HASI were to experience an "ownership change" as defined under Section 382 of the Internal Revenue Code.
  • The NOL Plan reduces the risk of an ownership change by deterring any person from obtaining beneficial ownership of 4.9 percent or more of HASI stock.
  • Any shares of HASI common stock issued after the record date will be issued together with a right.

Privia Health Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 3, 2023
United States Department of Health and Human Services, Partnership, CMS, HHS, Centers for Medicare & Medicaid Services, Bank statement, Senior advisor, Innovation, GAAP, Partner (business rank), CMMI, Metric, Australian Transformation and Innovation Centre, Sale, Medicare, Innovation Center station, Goldman Sachs, Reconciliation, Patient, Skolkovo Innovation Center, Net income, Webcast, Tax attribute, Principal, Adjustment, News, UnitedHealth Group, Bookkeeping, Health

The transaction is expected to close in the third quarter, and Walla Walla Clinic is expected to be implemented on the Privia Platform by the end of 2023.

Key Points: 
  • The transaction is expected to close in the third quarter, and Walla Walla Clinic is expected to be implemented on the Privia Platform by the end of 2023.
  • Adam Boehler also joined the Privia Health Board of Directors effective July 1, 2023.
  • The Company will host a conference call on August 3, 2023, at 8:30 am ET to discuss these results and management’s outlook for future financial and operational performance.
  • This news release and the financial statements contained herein, and the slide presentation for the webcast, are also available on the Privia Health Investor Relations website at ir.priviahealth.com.

TETRA Technologies, Inc. Adopts Tax Benefits Preservation Plan

Retrieved on: 
Wednesday, March 1, 2023
Carbon, Food, Corporate finance, Stock appreciation right, Lithium, TETRA, International tax planning, NYSE, Chemistry, Cyprus Securities and Exchange Commission, Calcium chloride, Holding company, Tax attribute, Security (finance), Common, Tax, Bromine, CFO, Multimedia, Common stock, CO2, Internal Revenue Code, Rights, Cryptocurrency, Life insurance

THE WOODLANDS, Texas, March 1, 2023 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced today that its Board of Directors has adopted a Tax Benefits Preservation Plan (the "Tax Plan") intended to preserve the availability of the Company's existing net operating loss carryforwards ("NOLs") and other tax attributes (collectively, the "Tax Attributes").

Key Points: 
  • THE WOODLANDS, Texas, March 1, 2023 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced today that its Board of Directors has adopted a Tax Benefits Preservation Plan (the "Tax Plan") intended to preserve the availability of the Company's existing net operating loss carryforwards ("NOLs") and other tax attributes (collectively, the "Tax Attributes").
  • The Tax Plan reduces the likelihood that changes in the Company's investor base would limit the Company's future use of its Tax Attributes, which would significantly impair the value of such Tax Attributes.
  • The Tax Plan is intended to ensure the Tax Attributes remain available to the Company into the future.
  • The Tax Plan is similar to tax benefit preservation rights plans that are adopted by other public companies with significant Tax Attributes.

Tidewater Adopts Tax Benefits Preservation Plan to Protect Net Operating Loss Carryforwards and Foreign Tax Credits

Retrieved on: 
Tuesday, April 14, 2020
Maritime, Energy, Transport, Oil, Gas, Taxation in the United States, Tax attribute, Value-added tax, Tax

Tidewater Inc. (the Company, NYSE: TDW), announced today that its Board of Directors (the Board) has adopted a Tax Benefits Preservation Plan (the Plan) as a measure to protect the Companys existing net operating loss carryforwards and foreign tax credits (Tax Attributes) and to reduce its potential future tax liabilities.

Key Points: 
  • Tidewater Inc. (the Company, NYSE: TDW), announced today that its Board of Directors (the Board) has adopted a Tax Benefits Preservation Plan (the Plan) as a measure to protect the Companys existing net operating loss carryforwards and foreign tax credits (Tax Attributes) and to reduce its potential future tax liabilities.
  • As of December 31, 2019, the Company had net operating loss carryforwards of approximately $300 million and foreign tax credits of approximately $388 million.
  • Our Board adopted the Plan to protect the Companys substantial Tax Attributes from being limited, which could have a negative impact on stockholder value, stated Tidewater President and Chief Executive Officer Quintin Kneen.
  • Our Plan is consistent with actions taken by other companies with significant Tax Attributes and has been structured to protect our ability to maximize the use of our Tax Attributes to offset future tax liabilities.

Merrimack Pharmaceuticals Adopts Section 382 Net Operating Loss Rights Plan

Retrieved on: 
Tuesday, December 3, 2019
Biotechnology, Pharmaceutical, Health, Oncology, Taxation in the United States, Net operating loss, Dividend, Nol, Merrimack, Nol, Tax attribute, Tax, Economy, Inventions, Units of time

Merrimack Pharmaceuticals, Inc. (Nasdaq: MACK) (the Company or Merrimack), announced today that its Board of Directors (the Board) has adopted a Section 382 net operating loss rights plan (the Plan) and declared a dividend distribution of one Preferred Share Purchase Right on each outstanding share of Company common stock.

Key Points: 
  • Merrimack Pharmaceuticals, Inc. (Nasdaq: MACK) (the Company or Merrimack), announced today that its Board of Directors (the Board) has adopted a Section 382 net operating loss rights plan (the Plan) and declared a dividend distribution of one Preferred Share Purchase Right on each outstanding share of Company common stock.
  • The Plan is designed to protect the Companys ability to use its valuable net operating loss (NOL) carryforwards and certain other valuable tax attributes.
  • This Plan is similar to rights plans adopted by other public companies and is designed to diminish the risk that Merrimacks existing NOL carryforwards and other tax attributes become limited under Section 382 of the Internal Revenue Code.
  • In this press release, such statements include, but are not limited to the potential value of future net operating loss carryforwards of the Company.

Triumph Adopts Tax Benefits Preservation Plan to Protect Valuable Tax Assets

Retrieved on: 
Wednesday, March 13, 2019
Transport, Air, Manufacturing, Aerospace, Engineering, Defense, Other Defense, Tax, Taxation in the United States, International taxation, Tax attribute, Tax credit, Foreign tax credit

Triumph Group, Inc. (Triumph) (NYSE: TGI) today announced that its Board of Directors has adopted a tax benefits preservation plan (the Plan) designed to preserve Triumphs ability to utilize its net operating loss carryforwards and other tax attributes (collectively, Tax Benefits).

Key Points: 
  • Triumph Group, Inc. (Triumph) (NYSE: TGI) today announced that its Board of Directors has adopted a tax benefits preservation plan (the Plan) designed to preserve Triumphs ability to utilize its net operating loss carryforwards and other tax attributes (collectively, Tax Benefits).
  • The Plan is similar to plans adopted by other public companies with significant Tax Benefits.
  • Following recent divestitures, Triumph estimates that it will have Tax Benefits, including net operating losses, capital losses, research tax credits, foreign tax credits and disallowed business interest expense carryovers, approximating between $255 million and $285 million as of March 31, 2019.
  • The adoption of the Plan is intended to ensure that the Company will be able to utilize its Tax Benefits.