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Park Hotels & Resorts Announces Tax Treatment of 2024 Dividends

1. Park Hotels announced $1.40 total cash distributions for 2024. 2. Dividends are primarily classified as ordinary dividends (91.84%). 3. Distributions will be paid quarterly and affect tax reporting. 4. Company operates a portfolio of 40 premium-branded hotels. 5. Strong underlying real estate value supports long-term stability.

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FAQ

Why Bullish?

The announcement of dividends can boost investor confidence, similar to past dividend increases that raised stock prices.

How important is it?

Dividends are crucial for REIT investors, and announcements directly influence market perception and stock price.

Why Long Term?

Sustainable dividends often indicate healthy cash flow, promoting long-term investment, mirroring previous steady dividend policies in REITs.

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PKDLRSPGEQR
TYSONS, Va.--(BUSINESS WIRE)--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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