Park Hotels & Resorts Announces Tax Treatment of 2024 Dividends

TYSONS, Va.--(BUSINESS WIRE)--January 16, 2025-- 

Park Hotels & Resorts Inc. $(PK)$ ("Park" or the "Company") today announced the tax reporting information for its 2024 cash distributions on its Common Stock.

The distributions, totaling $1.40 per share, were paid as follows: $0.25 on April 15, 2024; $0.25 on July 15, 2024; $0.25 on October 15, 2024; and $0.65 on January 15, 2025.

For income tax purposes, the dividends for 2024, totaling $1.40 per share, are classified as: (i) $1.285731 (91.8379%) Total ordinary dividends, and (ii) $0.114269 (8.1621%) Total capital gain distribution.

The following table summarizes the income tax treatment of the Company's 2024 dividends:

2024 Dividend Tax Reporting Information (Form 1099-DIV)

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

 
                                                            Total 
                                     Total                 capital    Section 
                        Dividend    ordinary   Qualified    gain       199A 
  Record     Payable       per     dividends   dividends   distr.    dividends 
   Date        Date       Share     (box 1a)   (box 1b)   (box 2a)    (box 5) 
----------  ----------  ---------  ----------  ---------  ---------  --------- 
March 29,   April 15, 
 2024          2024       $0.25    $0.229595   $0.052307  $0.020405  $0.177288 
----------  ----------  ---------  ----------  ---------  ---------  --------- 
June 28,     July 15, 
 2024          2024       $0.25    $0.229595   $0.052307  $0.020405  $0.177288 
----------  ----------  ---------  ----------  ---------  ---------  --------- 
September    October 
 30, 2024    15, 2024     $0.25    $0.229595   $0.052307  $0.020405  $0.177288 
----------  ----------  ---------  ----------  ---------  ---------  --------- 
December     January 
 31, 2024    15, 2025     $0.65    $ 0.596946  $0.135997  $0.053054  $0.460949 
----------  ----------  ---------  ----------  ---------  ---------  --------- 
Totals                    $1.40    $1.285731   $0.292918  $0.114269  $0.992813 
----------------------  ---------  ----------  ---------  ---------  --------- 
 

About Park Hotels & Resorts

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 40 premium-branded hotels and resorts with approximately 25,000 rooms primarily located in prime city center and resort locations.

Visit www.pkhotelsandresorts.com for more information.

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/20250116523676/en/

 
    CONTACT:    Ian Weissman 

Senior Vice President, Corporate Strategy

571-302-5591

iweissman@pkhotelsandresorts.com

(END) Dow Jones Newswires

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