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Park Hotels & Resorts Announces Tax Treatment of 2024 Dividends

Park Hotels & Resorts Inc. (NYSE: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

Record Date

Payable

Date

Dividend per

Share

Total ordinary

dividends (box 1a)

Qualified dividends

(box 1b)

Total capital gain

distr. (box 2a)

Section 199A

dividends (box 5)

March 29, 2024

April 15,

2024

$0.25

$0.229595

$0.052307

$0.020405

$0.177288

June 28, 2024

July 15, 2024

$0.25

$0.229595

$0.052307

$0.020405

$0.177288

September 30, 2024

October 15,

2024

$0.25

$0.229595

$0.052307

$0.020405

$0.177288

December 31, 2024

January 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

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