Paramount Announces Tax Treatment of 2018 Common Stock Dividends
NEW YORK--(BUSINESS WIRE)--Jan 25, 2019--Paramount Group, Inc. (NYSE:PGRE) (“Paramount” or the “Company”) today announced the 2018 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)
The regular quarterly cash dividend of $0.10 per share of common stock, which was declared on December 14, 2018 and paid on January 15, 2019 to the shareholders of record as of December 31, 2018, is allocable to 2019 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, Washington, D.C. 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
Executive Vice President, Chief Financial Officer
Vice President, Investor Relations
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES REIT FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE
SOURCE: Paramount Group, Inc.
Copyright Business Wire 2019.
PUB: 01/25/2019 04:15 PM/DISC: 01/25/2019 04:15 PM