MCLEAN, Va.--(BUSINESS WIRE)--Third paragraph, the second percentage figure in parentheses should read: 59.4115% (instead of 0.594115%).
The corrected release reads:
PARK HOTELS & RESORTS INC. ANNOUNCES TAX TREATMENT OF 2017 DIVIDENDS
Park Hotels & Resorts Inc. (NYSE: PK) (the “Company”) today announced the tax reporting information for its 2017 cash and stock distributions on its Common Stock.
The distributions, totaling $4.63 per share, were paid as follows: $2.79 on March 9, 2017; $0.43 on April 17, 2017; $0.43 on July 17, 2017; $0.43 on October 16, 2017; and $0.55 on January 16, 2018.
The dividends for 2017, totaling $4.41 per share, are classified for income tax purposes as $4.41 (100%) Total ordinary dividends (including qualified dividends), and $2.620048 (59.4115%) Qualified dividends.
The following table summarizes the income tax treatment of the Company's 2017 dividends:
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2017 Dividend Tax Reporting Information (Form 1099-DIV) |
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Park Hotels & Resorts Inc. Common Stock: PK CUSIP: 700517 105 |
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| Record Date | Payable Date |
Dividend |
Total ordinary |
Qualified |
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| January 19, 2017 | March 9, 2017 | $2.79 | $2.79 | $2.528740 | ||||||||
| March 31, 2017 | April 17, 2017 | $0.43 | $0.43 | $0.024236 | ||||||||
| June 30, 2017 | July 17, 2017 | $0.43 | $0.43 | $0.024236 | ||||||||
| September 29, 2017 | October 16, 2017 | $0.43 | $0.43 | $0.024236 | ||||||||
| December 29, 2017 | January 16, 2018 | $0.33 | $0.33 | $0.018600 | ||||||||
| Totals: | $4.41 | $4.41 | $2.620048 | |||||||||
About Park Hotels & Resorts
Park Hotels & Resorts Inc. (NYSE: PK) is one of the largest publicly traded lodging real estate investment trusts with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 67 premium-branded hotels and resorts with over 35,000 rooms located in prime U.S. and international 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
