TYSONS, Va - 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
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
iweissman@pkhotelsandresorts.com
Source: Park Hotels & Resorts Inc.