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Paramount Announces Tax Treatment of 2019 Common Stock Dividends

January 15, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Jan 15, 2020--

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2019 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
2019

 

 

2019 Taxable
Ordinary
Dividends (1)

 

 

Total Capital
Gain
Distribution

 

 

Total Section
1250
Unrecaptured
Gain (2)

 

 

2019 Non-taxable
Dividend
(Return of Capital)

 

12/31/2018

 

01/15/2019

 

$

0.100000

 

 

$

0.100000

 

 

$

0.080738

 

 

$

0.015476

 

 

$

0.010928

 

 

$

0.003786

 

03/29/2019

 

04/15/2019

 

 

0.100000

 

 

 

0.100000

 

 

 

0.080738

 

 

 

0.015476

 

 

 

0.010928

 

 

 

0.003786

 

06/28/2019

 

07/15/2019

 

 

0.100000

 

 

 

0.100000

 

 

 

0.080738

 

 

 

0.015476

 

 

 

0.010928

 

 

 

0.003786

 

09/30/2019

 

10/15/2019

 

 

0.100000

 

 

 

0.100000

 

 

 

0.080738

 

 

 

0.015476

 

 

 

0.010928

 

 

 

0.003786

 

Totals for 2019

 

$

0.400000

 

 

$

0.400000

 

 

$

0.322952

 

 

$

0.061904

 

 

$

0.043712

 

 

$

0.015144

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 13, 2019 and will be paid on January 15, 2020 to the shareholders of record as of December 31, 2019, is allocable to 2020 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, San Francisco and Washington, D.C. 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200115005642/en/

CONTACT: Wilbur Paes

Executive Vice President, Chief Financial Officer

212-237-3122

ir@paramount-group.com

Robert Simone

Director, Business Development & Investor Relations

212-237-3138

ir@paramount-group.com

Media:

212-492-2285

pr@paramount-group.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT ACCOUNTING

SOURCE: Paramount Group, Inc.

Copyright Business Wire 2020.

PUB: 01/15/2020 04:15 PM/DISC: 01/15/2020 04:15 PM

http://www.businesswire.com/news/home/20200115005642/en