ICON Equipment & Corporate Infrastructure Fund Fourteen 8-K Regulation FD Disclosure

Exhibit 99.1

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

Annual Portfolio Overview

2014

Table of Contents
Introduction to Annual Portfolio Overview	1
Investment During the Quarter	1
Dispositions During the Quarter	1
Disposition Following the Quarter	2
Portfolio Overview	2
10% Status Report	6
Revolving Line of Credit	6
Performance Analysis	6
Transactions with Related Parties	8
Financial Statements	10
Forward Looking Statements	14
Additional Information	14

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

As of May 31, 2015

Introduction to Annual Portfolio Overview

We are pleased to present ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.’s (the “Fund”) Annual Portfolio Overview for the year ended December 31, 2014.  References to “we,” “us,” and “our” are references to the Fund, references to the “General Partner” are references to the general partner of the Fund, ICON GP 14, LLC, and references to the “Investment Manager” are references to the investment manager of the Fund, ICON Capital, LLC.

The Fund makes investments in companies that utilize equipment and other corporate infrastructure (collectively, “Capital Assets”) to operate their businesses. These investments are primarily structured as debt and debt-like financings (such as loans and leases) that are collateralized by Capital Assets.

The Fund raised $257,646,987 commencing with its initial offering on May 18, 2009 through the closing of the offering on May 18, 2011. During our operating period, we will invest our offering proceeds and cash generated from operations in Capital Assets. Following our operating period, we will enter our liquidation period, during which time the loans and leases we own will mature or be sold in the ordinary course of business.

Investment During the Quarter

The Fund made the following investment during the quarter ended December 31, 2014:

NARL Marketing Inc. Investment Date: Structure: Maturity Date: Facility Amount: Fund Participation:   11/13/2014 Loan 11/13/2017 $15,000,000 $3,000,000 Collateral: A network of bulk fuel storage terminals, convenience store type gas stations including related fuel pumps, storage tanks and real estate.

Dispositions During the Quarter

The Fund made the following investments during the quarter ended December 31, 2014:

Frontier Oilfield Services, Inc.
Structure:	Loan	Collateral:	Saltwater disposal wells and related equipment.
Disposition Date:	12/30/2014
The Fund's Investment:	$2,000,000
Total Proceeds Received:	$2,652,000

1

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

Dispositions During the Quarter (continued)

Heniff Transportation Systems, LLC
Structure:	Loan	Collateral:	Tractor, stainless steel tank trailers and related equipment.
Disposition Date:	12/30/2014
The Fund's Investment:	$4,800,000
Total Proceeds Received:	$6,016,000

Disposition Following the Quarter

The Fund made the following disposition after the quarter ended December 31, 2014:

Superior Tube Company, Inc.
Structure:	Loan	Collateral:	Metal pipe and tube manufacturing equipment.
Disposition Date:	1/29/2015
The Fund's Investment:	$12,410,000
Total Proceeds Received:	$16,086,000

Portfolio Overview

As of December 31, 2014, our portfolio consisted of the following investments:

Geden Holdings Limited
Structure:	Lease	Collateral:	A crude oil tanker and two supramax bulk carrier vessels.
Expiration Dates:	6/21/2016 9/30/2017

Ezra Holdings Limited
Structure:	Lease	Collateral:	Offshore support vessel.
Expiration Date:	6/3/2021

2

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

Portfolio Overview (continued)

Coach Am Group Holdings Corp.
Structure:	Lease	Collateral:	Motor coach buses.
Expiration Date:	5/31/2015

Go Frac, LLC
Structure:	Lease	Collateral:	Oil well fracking, cleaning and services equipment.
Expiration Dates:	11/30/2016 4/30/2017

Höegh Autoliners Shipping AS
Structure:	Lease	Collateral:	A car carrier vessel.
Expiration Date:	12/21/2020

Vas Aero Services, LLC
Structure:	Loan	Collateral:	Aircraft engines and related parts.
Maturity Date:	10/6/2014

* As a result of certain financial difficulties, VAS was unable to repay the balance of its loan on October 6, 2014. We are currently in restructuring discussions with VAS.

AET, Inc. Limited
Structure:	Lease	Collateral:	Two Very Large Crude Carriers.
Expiration Date:	3/29/2021

Exopack, LLC
Structure:	Lease	Collateral:	Film extrusion line and flexographic printing presses.
Expiration Dates:	7/31/2015 9/30/2015

Ardmore Shipholding Limited
Structure:	Lease	Collateral:	Two chemical tanker vessels.
Expiration Date:	4/3/2018

3

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

Portfolio Overview (continued)

Jurong Aromatics Corporation Pte. Ltd.
Structure: Maturity Date:	Loan 1/16/2021	Collateral:	Equipment, plant, and machinery associated with the condensate splitter and aromatics complex located on Jurong Island, Singapore.

Cenveo Corporation
Structure: Maturity Date:	Loan 10/1/2018	Collateral:	Printing, folding and packaging equipment used in the production of commercial envelopes.

Pacific Radiance Ltd.
Structure:	Lease	Collateral:	Offshore supply vessel.
Expiration Date:	6/12/2024

Técnicas Maritimas Avanzadas, S.A. de C.V.
Structure:	Loan	Collateral:	Four platform supply vessels.
Maturity Date:	8/27/2019

Geokinetics Inc.
Structure: Expiration Date:	Lease 8/31/2017	Collateral:	Land-based seismic testing equipment.

Premier Trailer Leasing, Inc.
Structure:	Loan	Collateral:	Trailers.
Maturity Date:	9/24/2020

4

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

Portfolio Overview (continued)

NARL Marketing Inc.
Structure: Maturity Date:	Loan 11/13/2017	Collateral:	A network of bulk fuel storage terminals, convenience store-type gas stations, including related fuel pumps, storage tanks and real estate.

Sargeant Marine, Inc.
Structure:	Loan	Collateral:	Asphalt carrier vessel.
Maturity Date:	12/31/2018

Blackhawk Mining, LLC
Structure:	Lease	Collateral:	Mining equipment.
Expiration Date:	2/28/2018

Siva Global Ships Limited
Structure:	Lease	Collateral:	Two liquefied petroleum gas tanker vessels.
Expiration Dates:	3/28/2022 4/8/2022

Superior Tube Company, Inc.
Structure: Maturity Date:	Loan 10/1/2017	Collateral:	Metal pipe and tube manufacturing equipment.

5

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

10% Status Report

As of December 31, 2014, the crude oil tanker bareboat chartered to Geden Holdings Limited and the two very large crude carriers bareboat chartered to AET, Inc. Limited were the investments in equipment that individually constituted at least 10% of the net book value of our investment portfolio. All three of the vessels are scheduled to remain on bareboat charter during the 2015 calendar year.

As of December 31, 2014, the crude oil tanker had seventeen monthly payments remaining, while the bareboat charters for the two very large crude carriers had seventy-four monthly payments remaining. To the best of our Investment Manager’s knowledge, each vessel remains seaworthy, is maintained in accordance with commercial marine standards and applicable laws and regulations of the governing shipping registry as required under each bareboat charter.

Revolving Line of Credit

The Fund entered into an agreement with California Bank & Trust (“CB&T”) for a revolving line of credit through March 31, 2015 of up to $15,000,000 (the “Facility”), which is secured by all of the Fund’s assets not subject to a first priority lien. Amounts available under the Facility are subject to a borrowing base that is determined, subject to certain limitations, by the present value of the future receivables under certain loans and lease agreements in which the Fund has a beneficial interest.

The interest rate for general advances under the Facility is CB&T’s prime rate.  We may elect to designate up to five advances on the outstanding principal balance of the Facility to bear interest at the London Interbank Offered Rate plus 2.5% per year.  In all instances, borrowings under the Facility are subject to an interest rate floor of 4.0% per year. In addition, we are obligated to pay an annualized 0.5% fee on unused commitments under the Facility. At December 31, 2014, there were no obligations outstanding under the Facility.

On March 31, 2015, the Facility was renewed for another 26 months expiring May 31, 2017 and our line of credit was revised to $12,500,000.

Performance Analysis

Capital Invested as of December 31, 2014	$307,953,464
Leverage Ratio	0.99:1*
% of Receivables Collected in the Quarter Ended December 31, 2014	55.7%**

*    Leverage ratio is defined as total liabilities divided by total equity.

**  Collections as of May 31, 2015. The uncollected receivables relate to our investment with VAS Aero Services, LLC. The final monthly payment and balloon payment for VAS were due at maturity. We are currently in restructuring discussions with VAS.

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ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

Performance Analysis (continued)

One of our objectives is to provide cash distributions to our partners.  In order to assess our ability to meet this objective, unaffiliated broker dealers, third party due diligence providers and other members of the investing community have requested that we report a financial measure that can be reconciled to our financial statements and can be used to assess our ability to support cash distributions from our business operations.  We refer to this financial measure as cash available from our business operations, or CABO. CABO is not equivalent to our net operating income or loss as determined under GAAP.  Rather, it is a measure that may be a better financial measure for an equipment fund because it measures cash generated by investments, net of management fees and expenses, during a specific period of time.  We define CABO as the net change in cash during the period plus distributions to partners and investments made during such period, less the debt proceeds used to make such investments and the activity related to the Facility, as well as the net proceeds from equity raised through the sale of interests during such period.

We believe that CABO may be an appropriate supplemental measure of an equipment fund’s performance because it is based on a measurement of cash during a specific period that excludes cash from non-business operations, such as distributions, investments and equity raised.

Presentation of this information is intended to assist unaffiliated broker dealers, third party due diligence providers and other members of the investing community in understanding the Fund’s ability to support its distributions from its business operations. It should be noted, however, that no other equipment funds calculate CABO, and therefore comparisons with other equipment funds are not meaningful.  CABO should not be considered as an alternative to net income (loss) as an indication of our performance or as an indication of our liquidity.  CABO should be reviewed in conjunction with other measurements as an indication of our performance.

Cash Available from Business Operations, or CABO, is the cash generated by investments during a specific period of time, net of fees and expenses, excluding distributions to partners, net equity raised and investments made.

 Net Change in Cash per GAAP Cash Flow Statement Business Operations Net cash flow generated by our investments, net of fees and expenses  (CABO)  Non-Business Operations  Net Equity Raised Cash expended to make Investments and Distributions to Partners

 

As indicated above, the total net change in cash is the aggregate of the net cash flows from Business Operations and the net cash flows from Non-Business Operations.  By taking the total net change in cash and removing the cash activity related to Non-Business Operations (distributions, investments and equity raised), the amount remaining is the net cash available from Business Operations (net cash flows generated by investments, net of fees and expenses).

In summary, CABO is calculated as:

Net change in cash during the period per the GAAP cash flow statement

+ distributions to partners during the period

+ investments made during the period

- debt proceeds to be specifically used to make an investment

- net proceeds from the sale of Interests during the period

= CABO

7

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

Performance Analysis (continued)

Cash Available From Business Operations
for the Period January 1, 2014 through December 31, 2014
Cash balance at January 1, 2014			$	9,526,625
Cash balance at December 31, 2014			$	12,553,252
Net change in cash					$	3,026,627
Add Back:
	Distributions paid to partners from January 1, 2014 through December 31, 2014				$	20,910,238
	Investments made during the period
		Investment in notes receivable	$	10,046,538
		Investment in joint ventures		9,142,768
		Investment by noncontrolling interests		(21,706)
					$	19,167,600
Deduct:
	Repurchase of limited partnership interests				$	(7,178)
Cash Available from Business Operations (CABO)					$	43,111,643	1
1 Cash available from business operations includes the collection of principal and interest from our investments in notes receivable and finance leases.

Transactions with Related Parties

We have entered into certain agreements with our General Partner, our Investment Manager and CION Securities, LLC, formerly known as ICON Securities, LLC (“CION Securities”), a wholly-owned subsidiary of our Investment Manager and the dealer manager of our offering, whereby we pay certain fees and reimbursements to these parties.  CION Securities was entitled to receive a 3% underwriting fee from the gross proceeds from sales of our limited partnership interests, of which up to 1% may be paid to unaffiliated broker-dealers as a fee for their assistance in marketing the Fund and coordinating sales efforts.

In addition, we reimbursed our General Partner and its affiliates for organizational and offering expenses incurred in connection with our organization and offering.  The reimbursement of these expenses was capped at the lesser of 1.44% of the gross offering proceeds (assuming all of our limited partnership interests are sold in the offering) and the actual costs and expenses incurred by our General Partner and its affiliates.

We pay or paid our Investment Manager (i) a management fee of 3.5% of the gross periodic payments due and paid from our investments and (ii) acquisition fees, through the end of the operating period, equal to 2.5% of the total purchase price (including indebtedness incurred or assumed and all fees and expenses incurred in connection therewith) of, or the value of the Capital Assets secured by or subject to, our investments. For a more detailed analysis of the fees payable to our Investment Manager, please see the Fund’s prospectus.

Our General Partner and its affiliates also perform certain services relating to the management of our portfolio. Such services include, but are not limited to, credit analysis and underwriting, receivables management, portfolio management, accounting, financial and tax reporting, and remarketing and marketing services.

8

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

Transactions with Related Parties (continued)

In addition, our General Partner and its affiliates are reimbursed for administrative expenses incurred in connection with our operations. Administrative expense reimbursements are costs incurred by our General Partner or its affiliates that are necessary to our operations.

Our General Partner also has a 1% interest in our profit, losses, cash distributions and liquidation proceeds. We paid distributions to our General Partner of $209,102, $209,148 and $209,155 for the years ended December 31, 2014, 2013 and 2012, respectively. Additionally, our General Partner’s interest in our net (loss) income for the years ended December 31, 2014, 2013 and 2012 was ($65,511), $129,477 and $127,585, respectively.

Fees and other expenses incurred by us to our General Partner or its affiliates were as follows:

			Years Ended December 31,
Entity	Capacity	Description	2014		2013		2012
ICON Capital, LLC	Investment Manager	Acquisition fees (1)		922,917		1,550,049		3,951,374
ICON Capital, LLC	Investment Manager	Management fees (2)		2,478,049		1,908,614		3,205,434
ICON Capital, LLC	Investment Manager	Administrative expensereimbursements (2)		1,675,514		2,393,312		4,029,397
			$	5,076,480	$	5,851,975	$	11,186,205
(1)  Amount capitalized and amortized to operations.
(2)  Amount charged directly to operations.

At December 31, 2014 and 2013, we had a net payable of $826,285 and $522,643, respectively, due to our General Partner and its affiliates that primarily related to ICON Leasing Fund Twelve, LLC’s, noncontrolling interest in the AET Vessels for an expense paid in full by Fund Twelve on our behalf in which we will reimburse Fund Twelve for our proportionate share of such expense. The payable also relates to management fees and administrative expense reimbursements due to our Investment Manager.

At December 31, 2014 and 2013, we had a note receivable from a joint venture of approximately $2,609,000 and $2,575,000, respectively, and accrued interest of approximately $30,000 in both years. The accrued interest is included in other assets on our consolidated balance sheets.  For the years ended December 31, 2014, 2013 and 2012, interest income relating to the note receivable from the joint venture of $407,970, $396,770, and $404,530, respectively, was recognized and included in finance income on our consolidated statements of operations.

Your participation in the Fund is greatly appreciated.

We are committed to protecting the privacy of our investors in compliance with all applicable laws. Please be advised that, unless required by a regulatory authority such as FINRA or ordered by a court of competent jurisdiction, we will not share any of your personally identifiable information with any third party.

9

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

(A Delaware Limited Partnership)

Financial Statements

Consolidated Balance Sheets

				December 31,
				2014		2013
Assets
	Cash and cash equivalents			$	12,553,252	$	9,526,625
	Restricted cash				7,317,126		10,860,964
	Net investment in finance leases				118,005,785		133,799,368
	Leased equipment at cost (less accumulated depreciation
		of $41,069,511 and $44,364,515, respectively)			122,750,939		146,570,694
	Net investment in notes receivable				62,731,975		89,430,862
	Note receivable from joint venture				2,609,209		2,575,278
	Investment in joint ventures				18,739,125		10,680,776
	Other assets				3,096,488		6,833,329
Total assets				$	347,803,899	$	410,277,896
Liabilities and Equity
Liabilities:
	Non-recourse long-term debt			$	152,903,523	$	185,275,365
	Derivative financial instruments				5,379,474		6,281,705
	Deferred revenue				2,365,892		3,253,862
	Due to General Partner and affiliates, net				826,285		522,643
	Accrued expenses and other liabilities				11,114,968		14,559,645
			Total liabilities		172,590,142		209,893,220
Commitments and contingencies
Equity:
	Partners' equity:
		Limited partners			159,293,140		186,487,068
		General Partner			(713,798)		(439,185)
			Total partners' equity		158,579,342		186,047,883
	Noncontrolling interests				16,634,415		14,336,793
			Total equity		175,213,757		200,384,676
Total liabilities and equity				$	347,803,899	$	410,277,896

10

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

(A Delaware Limited Partnership)

Financial Statements

Consolidated Statements of Operations

			Years Ended December 31,
			2014		2013		2012
Revenue:
	Finance income		$	13,409,240	$	19,694,870	$	27,572,861
	Rental income			24,003,996		28,846,398		31,089,039
	Income (loss) from investment in joint ventures			1,145,516		1,393,023		(18,175)
	Gain on sale of assets, net			2,266,237		-		-
	Other income			45,042		299,600		99,019
		Total revenue		40,870,031		50,233,891		58,742,744
Expenses:
	Management fees			2,478,049		1,908,614		3,205,434
	Administrative expense reimbursements			1,675,514		2,393,312		4,029,397
	General and administrative			2,607,943		2,693,471		2,244,418
	Credit loss			15,412,805		3,430,882		2,636,066
	Depreciation			11,678,140		15,369,952		17,069,071
	Interest			8,894,664		10,591,319		11,353,724
	Loss (gain) on derivative financial instruments			2,344,725		(1,521,687)		4,478,985
		Total expenses		45,091,840		34,865,863		45,017,095
Net (loss) income				(4,221,809)		15,368,028		13,725,649
	Less: net income attributable to noncontrolling interests			2,329,316		2,420,327		967,193
Net (loss) income attributable to Fund Fourteen			$	(6,551,125)	$	12,947,701	$	12,758,456
Net (loss) income attributable to Fund Fourteen allocable to:
	Limited partners		$	(6,485,614)	$	12,818,224	$	12,630,871
	General Partner			(65,511)		129,477		127,585
			$	(6,551,125)	$	12,947,701	$	12,758,456
Weighted average number of limited partnership interests outstanding				258,764		258,812		258,829
Net (loss) income attributable to Fund Fourteen per weighted average
	limited partnership interest outstanding partnership interest outstanding		$	(25.06)	$	49.53	$	48.80

11

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

(A Delaware Limited Partnership)

Financial Statements

Consolidated Statements of Changes in Equity

			Partners' Equity
			Limited Partnership	Limited		General		Total Partners'		Noncontrolling		Total
			Interests	Partners		Partner		Equity		Interests		Equity
Balance, December 31, 2011			258,832	$	202,492,816	$	(277,944)	$	202,214,872	$	11,661,760	$	213,876,632
	Net income		-		12,630,871		127,585		12,758,456		967,193		13,725,649
	Repurchase of limited partnership
		interests	(5)		(4,486)		-		(4,486)		-		(4,486)
	Distributions		-		(20,706,372)		(209,155)		(20,915,527)		(750,746)		(21,666,273)
	Investment by noncontrolling interests		-		-		-		-		2,683,745		2,683,745
	Exchange of noncontrolling
		interests in joint venture	-		-		-		-		(2,546,245)		(2,546,245)
Balance, December 31, 2012			258,827		194,412,829		(359,514)		194,053,315		12,015,707		206,069,022
	Net income		-		12,818,224		129,477		12,947,701		2,420,327		15,368,028
	Repurchase of limited partnership
		interests	(55)		(38,340)		-		(38,340)		-		(38,340)
	Distributions		-		(20,705,645)		(209,148)		(20,914,793)		(99,241)		(21,014,034)
Balance, December 31, 2013			258,772		186,487,068		(439,185)		186,047,883		14,336,793		200,384,676
	Net (loss) income		-		(6,485,614)		(65,511)		(6,551,125)		2,329,316		(4,221,809)
	Repurchase of limited partnership
		interests	(11)		(7,178)		-		(7,178)		-		(7,178)
	Distributions		-		(20,701,136)		(209,102)		(20,910,238)		(53,400)		(20,963,638)
	Investment by noncontrolling interests		-		-		-		-		21,706		21,706
Balance, December 31, 2014			258,761	$	159,293,140	$	(713,798)	$	158,579,342	$	16,634,415	$	175,213,757

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ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

(A Delaware Limited Partnership)

Financial Statements

Consolidated Statements of Cash Flows

			Years Ended December 31,
			2014		2013		2012
Cash flows from operating activities:
	Net (loss) income		$	(4,221,809)	$	15,368,028	$	13,725,649
	Adjustments to reconcile net (loss) income to net cash provided by operating activities:
		Finance income, net of costs and fees		(2,977,149)		(1,468,870)		(477,426)
		(Income) loss from investment in joint ventures		(1,145,516)		(1,393,023)		18,175
		Net gain on sale of assets		(2,266,237)		-		-
		Depreciation		11,678,140		15,369,952		17,069,071
		Credit loss		15,412,805		3,430,882		2,636,066
		Interest expense from amortization of debt financing costs		403,207		858,340		975,887
		Interest expense, other		426,000		407,403		385,349
		Other income		-		-		(17,544)
		(Gain) loss on derivative financial instruments		(855,915)		(5,120,897)		731,806
	Changes in operating assets and liabilities:
		Restricted cash		3,543,838		(4,022,358)		(4,338,606)
		Other assets, net		3,279,087		(780,503)		(1,879,630)
		Accrued expenses and other liabilities		(3,870,677)		2,623,356		1,724,637
		Deferred revenue		(862,071)		(142,253)		199,370
		Due to General Partner and affiliates		303,642		494,026		(369,849)
		Distributions from joint ventures		1,318,320		1,084,088		-
Net cash provided by operating activities				20,165,665		26,708,171		30,382,955
Cash flows from investing activities:
	Proceeds from sale of equipment			16,599,540		641,942		2,043,031
	Principal received on finance leases			835,975		5,334,418		5,836,609
	Investment in joint ventures			(9,142,768)		(7,977,988)		(4,797,315)
	Distributions received from joint ventures in excess of profits			911,615		3,174,402		240,221
	Investment in notes receivable			(10,046,538)		(16,640,437)		(64,095,652)
	Principal and sale proceeds received on notes receivable			37,024,090		16,003,892		39,698,516
Net cash provided by (used in) investing activities				36,181,914		536,229		(21,074,590)
Cash flows from financing activities:
	Proceeds from non-recourse long-term debt			-		5,850,000		-
	Repayment of non-recourse long-term debt			(32,371,842)		(21,234,918)		(20,385,343)
	Proceeds from revolving line of credit, recourse			-		10,500,000		-
	Repayment of revolving line of credit, recourse			-		(10,500,000)		-
	Investment by noncontrolling interests			21,706		-		2,683,745
	Distributions to noncontrolling interests			(53,400)		(99,241)		(750,746)
	Distributions to partners			(20,910,238)		(20,914,793)		(20,915,527)
	Repurchase of limited partnership interests			(7,178)		(38,340)		(4,486)
Net cash used in financing activities				(53,320,952)		(36,437,292)		(39,372,357)
Net increase (decrease) in cash and cash equivalents				3,026,627		(9,192,892)		(30,063,992)
Cash and cash equivalents, beginning of year				9,526,625		18,719,517		48,783,509
Cash and cash equivalents, end of year			$	12,553,252	$	9,526,625	$	18,719,517
Supplemental disclosure of cash flow information:
	Cash paid for interest		$	9,005,223	$	10,086,182	$	11,814,779
Supplemental disclosure of non-cash investing and financing activities:
	Exchange of net investment in note receivable for noncontrolling interest in
		investment in joint venture	$	-	$	-	$	2,546,245

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ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P.

Forward Looking Statements

Certain statements within this document may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (“PSLRA”).  These statements are being made pursuant to the PSLRA, with the intention of obtaining the benefits of the “safe harbor” provisions of the PSLRA, and, other than as required by law, we assume no obligation to update or supplement such statements.  Forward-looking statements are those that do not relate solely to historical fact.  They include, but are not limited to, any statement that may predict, forecast, indicate or imply future results, performance, achievements or events.  You can identify these statements by the use of words such as “may,” “will,” “could,” “anticipate,” “believe,” “estimate,” “expect,” “continue,” “further,” “plan,” “seek,” “intend,” “predict” or “project” and variations of these words or comparable words or phrases of similar meaning.  These forward-looking statements reflect our current beliefs and expectations with respect to future events and are based on assumptions and are subject to risks and uncertainties and other factors outside our control that may cause actual results to differ materially from those projected.  We undertake no obligation to update publicly or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Additional Information

“Total Proceeds Received,” as referenced in the sections entitled Dispositions During the Quarter and Dispositions Following the Quarter, does not include proceeds received to satisfy indebtedness incurred in connection with the investment, if any, or the payment of any fees or expenses with respect to such investment.

A detailed financial report on SEC Form 10-Q or 10-K (whichever is applicable) is available to you.  It is typically filed either 45 or 90 days after the end of a quarter or year, respectively.  Usually this means a filing will occur on or around March 31, May 15, August 14, and November 14 of each year.  It contains financial statements and detailed sources and uses of cash plus explanatory notes.  You are always entitled to these reports.  Please access them by:

·   Visiting www.iconinvestments.com, or

·   Visiting www.sec.gov, or

·   Writing us at:  Angie Seenauth c/o ICON Investments, 3 Park Avenue, 36th Floor, New York, NY 10016

We do not distribute these reports to you directly in order to keep our expenses down as the cost of mailing this report to all investors is significant.  Nevertheless, the reports are immediately available upon your request.

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