Paramount Announces Tax Treatment of 2022 Common Stock Dividends

NEW YORK--()--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2022 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
2022

 

 

2022 Taxable
Ordinary
Dividends (1)

 

 

Total Capital
Gain
Distribution

 

 

Total Section
1250
Unrecaptured
Gain (2)

 

 

2022 Non-taxable
Dividend (Return
of Capital)

 

12/31/2021

 

01/14/2022

 

$

0.070000

 

 

$

0.070000

 

 

$

0.070000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

03/31/2022

 

04/15/2022

 

 

0.077500

 

 

 

0.077500

 

 

 

0.077500

 

 

 

0.000000

 

 

 

0.000000

 

 

 

0.000000

 

06/30/2022

 

07/15/2022

 

 

0.077500

 

 

 

0.077500

 

 

 

0.077500

 

 

 

0.000000

 

 

 

0.000000

 

 

 

0.000000

 

09/30/2022

 

10/14/2022

 

 

0.077500

 

 

 

0.077500

 

 

 

0.077500

 

 

 

0.000000

 

 

 

0.000000

 

 

 

0.000000

 

12/30/2022

 

01/13/2023

 

 

0.077500

 

 

 

0.070425

 

 

 

0.070425

 

 

 

0.000000

 

 

 

0.000000

 

 

 

0.000000

 

Totals for 2022

 

$

0.380000

 

 

$

0.372925

 

 

$

0.372925

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 $0.0775 per share of common stock with a record date of December 30, 2022 (that was paid on January 13, 2023) is a split-year dividend with $0.070425 allocable to 2022 for federal income tax purposes and the remaining $0.007075 allocable to 2023 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.

Contacts

Wilbur Paes
Chief Operating Officer,
Chief Financial Officer and Treasurer
212-237-3122
ir@pgre.com

Tom Hennessy
Vice President, Investor Relations and
Business Development
212-237-3138
ir@pgre.com

Media:
212-492-2285
pr@pgre.com

Contacts

Wilbur Paes
Chief Operating Officer,
Chief Financial Officer and Treasurer
212-237-3122
ir@pgre.com

Tom Hennessy
Vice President, Investor Relations and
Business Development
212-237-3138
ir@pgre.com

Media:
212-492-2285
pr@pgre.com