Park Hotels & Resorts Inc. Announces Tax Treatment of 2019 Dividends

TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc. (NYSE: PK) (the “Company”) today announced the tax reporting information for its 2019 cash distributions on its Common Stock.

The distributions, totaling $1.90 per share, were paid as follows: $0.45 on April 15, 2019; $0.45 on July 15, 2019; $0.45 on October 15, 2019; and $0.55 on January 15, 2020.

For income tax purposes, the dividends for 2019, totaling $1.90 per share, are classified as $1.605405 (84.4950%) Total ordinary dividends and $0.294595 (15.5050%) Total capital gain distribution. The Total ordinary dividends include Section 199A dividends of $1.605405.

The following table summarizes the income tax treatment of the Company's 2019 dividends:

2019 Dividend Tax Reporting Information (Form 1099-DIV)

Park Hotels & Resorts Inc. Common Stock: PK CUSIP: 700517 105

Record Date	Payable Date	Dividend per Share	Total ordinary dividends (box 1a)	Total capital gain distr. (box 2a)	Section 199A dividends (box 5)
March 29, 2019	April 15, 2019	$0.45	$0.389265	$0.060735	$0.389265
June 28, 2019	July 15, 2019	$0.45	$0.377423	$0.072577	$0.377423
September 30, 2019	October 15, 2019	$0.45	$0.377423	$0.072577	$0.377423
December 31, 2019	January 15, 2020	$0.55	$0.461294	$0.088706	$0.461294
Totals		$1.90	$1.605405	$0.294595	$1.605405

About Park Hotels & Resorts

Park Hotels & Resorts Inc. (NYSE: PK) is the second largest publicly traded lodging real estate investment trust with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 62 premium-branded hotels and resorts with approximately 34,000 rooms primarily located in prime U.S markets with high barriers to entry.

For additional information or to receive press releases via e-mail, please visit our website at www.pkhotelsandresorts.com