Paramount Announces Tax Treatment of 2024 Common Stock Dividends

NEW YORK--(BUSINESS WIRE)--January 21, 2025-- 

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)

 
                                                       2024 
                                          Total      Taxable                   Total Section 
                              Total     Dividends    Ordinary   Total Capital      1250         2024 Non-taxable 
                Payable     Dividends   Allocable   Dividends       Gain       Unrecaptured   Dividend (Return of 
Record Date      Date       Per Share    to 2024       (1)      Distribution       Gain             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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    CONTACT:    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

(END) Dow Jones Newswires

January 21, 2025 16:15 ET (21:15 GMT)