Paramount Announces Tax Treatment of 2019 Common Stock Dividends

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 Paramounts 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.

Wilbur Paes

Executive Vice President, Chief Financial Officer

212-237-3122

[email protected]

Robert Simone

Director, Business Development & Investor Relations

212-237-3138

[email protected]

Media:

212-492-2285

[email protected]