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Paramount Announces Tax Treatment of 2018 Common Stock Dividends

NEW YORK--(BUSINESS WIRE)--

Paramount Group, Inc. (PGRE) (“Paramount” or the “Company”) today announced the 2018 tax treatment of its common stock dividends as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Paramount’s dividends.

Common Shares (CUSIP #69924R108)

Record
Date

   

Payable
Date

   

Total
Dividends
Per Share

   

Total
Dividends
Allocable to
2018

   

2018 Taxable
Ordinary
Dividends (1)

   

Total Capital
Gain
Distribution

   

Total Section
1250
Unrecaptured
Gain (2)

   

2018 Non-
taxable Dividend
(Return of
Capital)

12/29/2017 01/12/2018 $ 0.095000 $ 0.095000 $ 0.068806 $ 0.017877 $ 0.006740 $ 0.008317
03/29/2018 04/13/2018 0.100000 0.100000 0.072427 0.018818 0.007095 0.008755
06/29/2018 07/13/2018 0.100000 0.100000 0.072427 0.018818 0.007095 0.008755
09/28/2018 10/15/2018   0.100000   0.100000   0.072427   0.018818   0.007095   0.008755
Totals for 2018 $ 0.395000 $ 0.395000 $ 0.286087 $ 0.074331 $ 0.028025 $ 0.034582

____________________

(1) The amounts in this column are treated as “qualified REIT dividends” for purposes of Internal Revenue Code Section 199A.

(2) These amounts are a subset of, and included in, the Total Capital Gain Distribution amount.

 

The regular quarterly cash dividend of $0.10 per share of common stock, which was declared on December 14, 2018 and paid on January 15, 2019 to the shareholders of record as of December 31, 2018, is allocable to 2019 for federal income tax purposes.

About Paramount Group, Inc.

Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.

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