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Park Hotels & Resorts Inc. Announces Tax Treatment of 2019 Dividends

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Park Hotels & Resorts Inc. (NYSE:PK) (the "Company") today announced the tax reporting information for its 2019 cash distributions on its Common Stock.

The distributions, totaling $1.90 per share, were paid as follows: $0.45 on April 15, 2019; $0.45 on July 15, 2019; $0.45 on October 15, 2019; and $0.55 on January 15, 2020.

For income tax purposes, the dividends for 2019, totaling $1.90 per share, are classified as $1.605405 (84.4950%) Total ordinary dividends and $0.294595 (15.5050%) Total capital gain distribution. The Total ordinary dividends include Section 199A dividends of $1.605405.

The following table summarizes the income tax treatment of the Company's 2019 dividends:

2019 Dividend Tax Reporting Information (Form 1099-DIV)

Park Hotels & Resorts Inc. Common Stock: PK CUSIP: 700517 105

 

Record Date

   

Payable Date

   

Dividend

per Share

   

Total

ordinary

dividends

(box 1a)

   

Total capital

gain distr.

(box 2a)

   

Section 199A

dividends

(box 5)

 
 

March 29, 2019

   

April 15, 2019

   

$0.45

   

$0.389265

   

$0.060735

   

$0.389265

 
 

June 28, 2019

   

July 15, 2019

   

$0.45

   

$0.377423

   

$0.072577

   

$0.377423

 
 

September 30, 2019

   

October 15, 2019

   

$0.45

   

$0.377423

   

$0.072577

   

$0.377423

 
 

December 31, 2019

   

January 15, 2020

   

$0.55

   

$0.461294

   

$0.088706

   

$0.461294

 
 

Totals

   

 

   

$1.90

   

$1.605405

   

$0.294595

   

$1.605405

 

About Park Hotels & Resorts

Park Hotels & Resorts Inc. (NYSE: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 62 premium-branded hotels and resorts with approximately 34,000 rooms primarily located in prime U.S markets with high barriers to entry.

For additional information or to receive press releases via e-mail, please visit our website at www.pkhotelsandresorts.com

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