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Park Hotels & Resorts Inc. Announces Tax Treatment of 2018 Dividends

TYSONS, Va.--(BUSINESS WIRE)--

Park Hotels & Resorts Inc. (PK) (the “Company”) today announced the tax reporting information for its 2018 cash distributions on its Common Stock.

The distributions, totaling $2.74 per share, were paid as follows: $0.43 on April 16, 2018; $0.43 on July 16, 2018; $0.45 on July 16, 2018; $0.43 on October 15, 2018; and $1.00 on January 15, 2019.

For income tax purposes, the dividends for 2018, totaling $2.96 per share, are classified as $1.636793 (55.2971%) Total ordinary dividends and $1.323207 (44.7029%) Total capital gain distribution. The Total ordinary dividends include Section 199A dividends of $1.636793 and the Total capital gain distribution includes $0.366027 of Unrecaptured Sec. 1250 gain.

The following table summarizes the income tax treatment of the Company's 2018 dividends:

2018 Dividend Tax Reporting Information (Form 1099-DIV)

Park Hotels & Resorts Inc. Common Stock: PK CUSIP: 700517 105

                                     

Record

   

Payable

    Dividend     Total     Total     Unrecap.     Section

Date

Date

per Share

ordinary

capital Sec 1250 199A
dividends gain gain (box dividends
(box 1a) distr. 2b) (box 5)
                        (box 2a)            

December 29,
2017

   

January 16,
2018

    $ 0.22     $ 0.162939     $ 0.057061     $ 0.025218     $ 0.162939

March 30,
2018

   

April 16,
2018

    $ 0.43     $ 0.318471     $ 0.111529     $ 0.049290     $ 0.318471

June 29,
2018

   

July 16,
2018

    $ 0.43     $ 0.318471     $ 0.111529     $ 0.049290     $ 0.318471

June 29,
2018

   

July 16,
2018

    $ 0.45    

--

   

$

0.450000

   

--

   

--

September 28,
2018

   

October 15,
2018

    $ 0.43     $ 0.318471     $ 0.111529     $ 0.049290     $ 0.318471

December 31,
2018

   

January 15,
2019

    $ 1.00     $ 0.518441     $ 0.481559     $ 0.192939     $ 0.518441
Totals           $ 2.96     $ 1.636793     $ 1.323207     $ 0.366027     $ 1.636793
 

About Park Hotels & Resorts

Park Hotels & Resorts Inc. (PK) is the second largest publicly traded lodging real estate investment trust with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 53 premium-branded hotels and resorts with over 31,000 rooms located in prime U.S. markets with high barriers to entry. For additional information, please visit Park's website at www.pkhotelsandresorts.com.

For additional information or to receive press releases via e-mail, please visit our website at www.pkhotelsandresorts.com.

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