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Paramount Announces Tax Treatment of 2021 Common Stock Dividends

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2021 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)

Record

Date

 

Payable

Date

 

Total

Dividends

Per Share

 

 

Total

Dividends

Allocable to

2021

 

 

2021 Taxable

Ordinary

Dividends (1)

 

 

Total Capital

Gain

Distribution

 

 

Total Section

1250

Unrecaptured

Gain (2)

 

 

2021 Non-taxable

Dividend (Return

of Capital)

12/31/2020

 

01/15/2021

 

$

0.070000

 

 

$

0.070000

 

 

$

0.063193

 

 

$

0.005832

 

 

$

0.000000

 

 

$

0.000975

03/31/2021

 

04/15/2021

 

 

0.070000

 

 

 

0.070000

 

 

 

0.063193

 

 

 

0.005832

 

 

 

0.000000

 

 

 

0.000975

06/30/2021

 

07/15/2021

 

 

0.070000

 

 

 

0.070000

 

 

 

0.063193

 

 

 

0.005832

 

 

 

0.000000

 

 

 

0.000975

09/30/2021

 

10/15/2021

 

 

0.070000

 

 

 

0.070000

 

 

 

0.063193

 

 

 

0.005832

 

 

 

0.000000

 

 

 

0.000975

Totals for 2021

 

$

0.280000

 

 

$

0.280000

 

 

$

0.252772

 

 

$

0.023328

 

 

$

0.000000

 

 

$

0.003900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) The amounts in this column are treated as “qualified REIT dividends” for purposes of Internal Revenue Code Section 199A.

(2) These amounts are a subset of, and included in, the Total Capital Gain Distribution amount.

The regular quarterly cash dividend of $0.07 per share of common stock, which was declared on December 15, 2021 and paid on January 14, 2022 to the shareholders of record as of December 31, 2021, is allocable to 2022 for federal income tax purposes.

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.

Contacts

Wilbur Paes

Chief Operating Officer, Chief Financial Officer and Treasurer

212-237-3122

ir@pgre.com



Sumit Sharma

Vice President, Business Development and Investor Relations

212-237-3138

ir@pgre.com



Media:

212-492-2285

pr@pgre.com

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