Paramount Announces Tax Treatment of 2021 Common Stock Dividends

NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2021 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 2021				2021 Taxable Ordinary Dividends (1)				Total Capital Gain Distribution				Total Section 1250 Unrecaptured Gain (2)				2021 Non-taxable Dividend (Return of Capital)
12/31/2020		01/15/2021		$	0.070000			$	0.070000			$	0.063193			$	0.005832			$	0.000000			$	0.000975
03/31/2021		04/15/2021			0.070000				0.070000				0.063193				0.005832				0.000000				0.000975
06/30/2021		07/15/2021			0.070000				0.070000				0.063193				0.005832				0.000000				0.000975
09/30/2021		10/15/2021			0.070000				0.070000				0.063193				0.005832				0.000000				0.000975
Totals for 2021				$	0.280000			$	0.280000			$	0.252772			$	0.023328			$	0.000000			$	0.003900
(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, 2021 and paid on January 14, 2022 to the shareholders of record as of December 31, 2021, is allocable to 2022 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.

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Wilbur Paes

Chief Operating Officer, Chief Financial Officer and Treasurer

212-237-3122

ir@pgre.com



Sumit Sharma

Vice President, Business Development and Investor Relations

212-237-3138

ir@pgre.com



Media:

212-492-2285

pr@pgre.com

Source: Paramount Group, Inc.