HEI files updated tax considerations for $250M ATM offering; no dividends anticipated

HAWAIIAN ELECTRIC INDUSTRIES INC

Updated U.S. federal income tax disclosure for non-U.S. holders filed as Exhibit 99.1.
No near-term dividends expected on common stock per the updated tax discussion.
Replaces prior tax section in the September 2024 prospectus supplement for the ATM offering.
Filing provides current guidance on withholding, FATCA, and USRPHC considerations.

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