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NEW YORK, January 21, 2025--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) ("Paramount" or the "Company") today announced the 2024 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 2024 | 2024 Taxable Ordinary Dividends (1) | Total Capital Gain Distribution | Total Section 1250 Unrecaptured Gain | 2024 Non-taxable Dividend (Return of Capital) | |||||||||||||||||||
| 12/29/2023 | 01/12/2024 | $ | 0.035000 | $ | 0.035000 | $ | 0.019610 | $ | 0.000000 | $ | 0.000000 | $ | 0.015390 | |||||||||||||
| 03/28/2024 | 04/15/2024 | 0.035000 | 0.035000 | 0.019610 | 0.000000 | 0.000000 | 0.015390 | |||||||||||||||||||
| 06/28/2024 | 07/15/2024 | 0.035000 | 0.035000 | 0.019610 | 0.000000 | 0.000000 | 0.015390 | |||||||||||||||||||
| Totals for 2024 | $ | 0.105000 | $ | 0.105000 | $ | 0.058830 | $ | 0.000000 | $ | 0.000000 | $ | 0.046170 | ||||||||||||||
| (1) The amounts in this column are treated as "qualified REIT dividends" for purposes of Internal Revenue Code Section 199A. | ||||||||||||||||||||||||||
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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Contacts
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