Paramount Announces Tax Treatment of 2020 Common Stock Dividends

Rhea-AI Summary

Paramount Group, Inc. (PGRE) has announced the tax treatment for its 2020 dividends. Shareholders are advised to consult their tax advisors for personalized guidance. The company paid a total of $0.400000 per share in dividends, with $0.209620 classified as taxable ordinary dividends, $0.190028 as capital gain distributions, and $0.067304 as Section 1250 unrecaptured gain. The dividends were recorded on various dates, with the last payment made on October 15, 2020. A regular quarterly dividend of $0.07 for 2021 was declared on December 15, 2020, payable on January 15, 2021.

Positive

• Total dividends paid per share for 2020 were $0.400000.
• $0.209620 of the total is classified as taxable ordinary dividends.
• Regular cash dividend of $0.07 per share declared for 2021.

Negative

• None.

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2020 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 2020				2020 Taxable Ordinary Dividends (1)				Total Capital Gain Distribution				Total Section 1250 Unrecaptured Gain (2)				2020 Non-taxable Dividend (Return of Capital)
12/31/2019		01/15/2020		$	0.100000			$	0.100000			$	0.052405			$	0.047507			$	0.016826			$	0.000088
03/31/2020		04/15/2020			0.100000				0.100000				0.052405				0.047507				0.016826				0.000088
06/30/2020		07/15/2020			0.100000				0.100000				0.052405				0.047507				0.016826				0.000088
09/30/2020		10/15/2020			0.100000				0.100000				0.052405				0.047507				0.016826				0.000088
Totals for 2020				$	0.400000			$	0.400000			$	0.209620			$	0.190028			$	0.067304			$	0.000352
(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, 2020 and paid on January 15, 2021 to the shareholders of record as of December 31, 2020, is allocable to 2021 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/20210120005049/en/

FAQ

What is the total dividend paid per share by PGRE in 2020?

Paramount Group, Inc. (PGRE) paid a total dividend of $0.400000 per share in 2020.

What portion of PGRE's 2020 dividends is taxable?

For 2020, $0.209620 of PGRE's dividends are classified as taxable ordinary dividends.

When was the last dividend payment made by PGRE in 2020?

The last dividend payment by PGRE in 2020 was made on October 15, 2020.

What is the regular cash dividend declared for 2021 by PGRE?

Paramount Group, Inc. declared a regular quarterly cash dividend of $0.07 per share for 2021.

What should shareholders consider regarding PGRE's dividends tax treatment?

Shareholders are encouraged to consult with their personal tax advisors regarding the tax treatment of PGRE's dividends.