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Paramount Announces Tax Treatment of 2024 Common Stock Dividends

1. Paramount Group announces 2024 common stock dividend details to shareholders. 2. Total dividend per share set at $0.105, with different tax treatments. 3. Non-taxable dividend portion is $0.046170, impacting investor tax liabilities.

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FAQ

Why Bullish?

The announcement of a stable dividend can improve investor confidence and support PGRE's stock price.

How important is it?

Dividend announcements are crucial for REIT investors; this affects investment decisions significantly.

Why Short Term?

Immediate impact expected due to dividend announcements affecting investor sentiment around payout dates.

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PGRE
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2024 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 2024 2024 Taxable Ordinary Dividends (1) Total Capital Gain Distribution Total Section 1250 Unrecaptured Gain 2024 Non-taxable Dividend (Return of Capital) 12/29/2023 01/12/2024 $ 0.035000 $ 0.035000 $ 0.019610 $ 0.000000 $ 0.000000 $ 0.015390 03/28/2024 04/15/2024 0.035000 0.035000 0.019610 0.000000 0.000000 0.015390 06/28/2024 07/15/2024 0.035000 0.035000 0.019610 0.000000 0.000000 0.015390 Totals for 2024 $ 0.105000 $ 0.105000 $ 0.058830 $ 0.000000 $ 0.000000 $ 0.046170 (1) The amounts in this column are treated as “qualified REIT dividends” for purposes of Internal Revenue Code Section 199A. 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.

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