PGRE - Paramount Announces Tax Treatment of 2021 Common Stock Dividends
Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2021 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 |
|
|
| Payable |
|
|
| Total |
|
|
|
|
| Total |
|
|
|
|
| 2021 Taxable |
|
|
|
|
| Total Capital |
|
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|
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| Total Section |
|
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|
|
| 2021 Non-taxable |
| 12/31/2020 |
|
|
| 01/15/2021 |
|
|
| $ |
| 0.070000 |
|
|
|
|
| $ |
| 0.070000 |
|
|
|
|
| $ |
| 0.063193 |
|
|
|
|
| $ |
| 0.005832 |
|
|
|
|
| $ |
| 0.000000 |
|
|
|
|
| $ |
| 0.000975 |
| 03/31/2021 |
|
|
| 04/15/2021 |
|
|
|
|
| 0.070000 |
|
|
|
|
|
|
| 0.070000 |
|
|
|
|
|
|
| 0.063193 |
|
|
|
|
|
|
| 0.005832 |
|
|
|
|
|
|
| 0.000000 |
|
|
|
|
|
|
| 0.000975 |
| 06/30/2021 |
|
|
| 07/15/2021 |
|
|
|
|
| 0.070000 |
|
|
|
|
|
|
| 0.070000 |
|
|
|
|
|
|
| 0.063193 |
|
|
|
|
|
|
| 0.005832 |
|
|
|
|
|
|
| 0.000000 |
|
|
|
|
|
|
| 0.000975 |
| 09/30/2021 |
|
|
| 10/15/2021 |
|
|
|
|
| 0.070000 |
|
|
|
|
|
|
| 0.070000 |
|
|
|
|
|
|
| 0.063193 |
|
|
|
|
|
|
| 0.005832 |
|
|
|
|
|
|
| 0.000000 |
|
|
|
|
|
|
| 0.000975 |
| Totals for 2021 |
|
|
| $ |
| 0.280000 |
|
|
|
|
| $ |
| 0.280000 |
|
|
|
|
| $ |
| 0.252772 |
|
|
|
|
| $ |
| 0.023328 |
|
|
|
|
| $ |
| 0.000000 |
|
|
|
|
| $ |
| 0.003900 |
|
|
|
|
|
|
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| (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 $0.07 per share of common stock, which was declared on December 15, 2021 and paid on January 14, 2022 to the shareholders of record as of December 31, 2021, is allocable to 2022 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 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220118005161/en/
Wilbur Paes
Chief Operating Officer, Chief Financial Officer and Treasurer
212-237-3122
ir@pgre.com
Sumit Sharma
Vice President, Business Development and Investor Relations
212-237-3138
ir@pgre.com
Media:
212-492-2285
pr@pgre.com