TYSONS, Va.--(BUSINESS WIRE)--
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20200117005037/en/
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
[email protected]
Source: Park Hotels & Resorts Inc.