PGRE Paramount Group Inc

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2023 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 2023

 

 

2023 Taxable Ordinary Dividends (1)

 

 

Total Capital Gain Distribution

 

 

Total Section 1250 Unrecaptured Gain (2)

 

 

2023 Non-taxable Dividend (Return of Capital)

 

12/30/2022

 

01/13/2023

 

$

0.077500

 

 

$

0.029795

 

 

$

0.026627

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.003168

 

03/31/2023

 

04/14/2023

 

 

0.077500

 

 

 

0.077500

 

 

 

0.069261

 

 

 

0.000000

 

 

 

0.000000

 

 

 

0.008239

 

06/30/2023

 

07/14/2023

 

 

0.035000

 

 

 

0.035000

 

 

 

0.031279

 

 

 

0.000000

 

 

 

0.000000

 

 

 

0.003721

 

09/29/2023

 

10/13/2023

 

 

0.035000

 

 

 

0.035000

 

 

 

0.031279

 

 

 

0.000000

 

 

 

0.000000

 

 

 

0.003721

 

Totals for 2023

 

$

0.225000

 

 

$

0.177295

 

 

$

0.158446

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.018849

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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, of which $0.047705 was allocable to 2022 for federal income tax purposes and the remaining $0.029795 was 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240122193334/en/

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