Paramount Announces Tax Treatment of 2021 Common Stock Dividends

Rhea-AI Summary

Paramount Group, Inc. (NYSE: PGRE) announced the tax treatment for its 2021 common stock dividends. Shareholders are advised to consult tax advisors for specifics. The total dividends for 2021 amount to $0.2800 per share, with regular quarterly cash dividends set at $0.07, declared on December 15, 2021, and paid on January 14, 2022. This payment is designated for federal income tax purposes as allocable to 2022. Paramount Group focuses on high-quality Class A office properties in key markets like New York City and San Francisco, aiming to maximize asset value through strategic management.

Positive

• Total dividends for 2021 amount to $0.2800 per share, indicating strong shareholder returns.
• A regular quarterly cash dividend of $0.07 per share is a positive sign of financial stability.
• Focus on high-quality Class A office properties enhances value retention and tenant attraction.

Negative

• None.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220118005161/en/

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.

FAQ

What is the dividend amount for Paramount Group, Inc. (PGRE) in 2021?

The total dividend amount for 2021 is $0.2800 per share.

When was the dividend declared for PGRE in 2021?

The dividend was declared on December 15, 2021.

When is the dividend payable for PGRE?

The dividend was paid on January 14, 2022.

What is the tax treatment for PGRE's dividends?

Shareholders should consult their personal tax advisors regarding the tax treatment of dividends.