Press Release

Paramount Announces Tax Treatment of 2019 Common Stock Dividends

Company Release - 1/15/2020 4:15 PM ET

NEW YORK--(BUSINESS WIRE)-- 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.

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

Source: Paramount Group, Inc.