Park Hotels & Resorts Inc. PK (the "Company") today announced the tax reporting information for its 2018 cash distributions on its Common Stock.
The distributions, totaling $2.74 per share, were paid as follows: $0.43 on April 16, 2018; $0.43 on July 16, 2018; $0.45 on July 16, 2018; $0.43 on October 15, 2018; and $1.00 on January 15, 2019.
For income tax purposes, the dividends for 2018, totaling $2.96 per share, are classified as $1.636793 (55.2971%) Total ordinary dividends and $1.323207 (44.7029%) Total capital gain distribution. The Total ordinary dividends include Section 199A dividends of $1.636793 and the Total capital gain distribution includes $0.366027 of Unrecaptured Sec. 1250 gain.
The following table summarizes the income tax treatment of the Company's 2018 dividends:
2018 Dividend Tax Reporting Information (Form 1099-DIV)
Park Hotels & Resorts Inc. Common Stock: PK CUSIP: 700517 105
|
Record |
Payable |
Dividend | Total | Total | Unrecap. | Section | |||||||||||||||||
|
Date |
Date |
per Share |
ordinary |
capital | Sec 1250 | 199A | |||||||||||||||||
| dividends | gain | gain (box | dividends | ||||||||||||||||||||
| (box 1a) | distr. | 2b) | (box 5) | ||||||||||||||||||||
| (box 2a) | |||||||||||||||||||||||
|
December 29, |
January 16, |
$ | 0.22 | $ | 0.162939 | $ | 0.057061 | $ | 0.025218 | $ | 0.162939 | ||||||||||||
|
March 30, |
April 16, |
$ | 0.43 | $ | 0.318471 | $ | 0.111529 | $ | 0.049290 | $ | 0.318471 | ||||||||||||
|
June 29, |
July 16, |
$ | 0.43 | $ | 0.318471 | $ | 0.111529 | $ | 0.049290 | $ | 0.318471 | ||||||||||||
|
June 29, |
July 16, |
$ | 0.45 |
-- |
$ |
0.450000 |
-- |
-- |
|||||||||||||||
|
September 28, |
October 15, |
$ | 0.43 | $ | 0.318471 | $ | 0.111529 | $ | 0.049290 | $ | 0.318471 | ||||||||||||
|
December 31, |
January 15, |
$ | 1.00 | $ | 0.518441 | $ | 0.481559 | $ | 0.192939 | $ | 0.518441 | ||||||||||||
| Totals | $ | 2.96 | $ | 1.636793 | $ | 1.323207 | $ | 0.366027 | $ | 1.636793 | |||||||||||||
About Park Hotels & Resorts
Park Hotels & Resorts Inc. PK is the second largest publicly traded lodging real estate investment trust with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 53 premium-branded hotels and resorts with over 31,000 rooms located in prime U.S. markets with high barriers to entry. For additional information, please visit Park's website at www.pkhotelsandresorts.com.
For additional information or to receive press releases via e-mail, please visit our website at www.pkhotelsandresorts.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190116005859/en/
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