{"id":1859,"date":"2021-02-04T23:29:59","date_gmt":"2021-02-05T05:29:59","guid":{"rendered":"https:\/\/1reason.com\/re\/park-hotels-resorts-announces-tax-treatment-of-2020-dividends\/1859\/"},"modified":"2021-02-05T17:29:59","modified_gmt":"2021-02-05T23:29:59","slug":"park-hotels-resorts-announces-tax-treatment-of-2020-dividends","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/park-hotels-resorts-announces-tax-treatment-of-2020-dividends\/1859\/","title":{"rendered":"Park Hotels & Resorts Announces Tax Treatment of 2020 Dividends"},"content":{"rendered":"
<\/p>\n

The distributions, totaling $0.45 per share, were paid on April 15, 2020. Due to the financial impacts from the COVID-19 pandemic, Park suspended distributions on its Common Stock for the remainder of the year.<\/p>\n

For income tax purposes, the dividends for 2020, totaling $0.45 per share, are classified as $0.244571 (54.349187%) Total ordinary dividends, $0.005000 (1.111105%) Qualified dividends, and $0.205429 (45.650813%) Total capital gain distribution. The Total ordinary dividends include Section 199A dividends of $0.239571 (53.238082%).<\/p>\n

The following table summarizes the income tax treatment of the Company’s 2020 dividend:<\/p>\n

2020 Dividend Tax Reporting Information (Form 1099-DIV)<\/strong><\/p>\n

Park Hotels & Resorts Inc. Common Stock: PK CUSIP: 700517 105<\/p>\n\n\n\n
Record Date<\/strong><\/td>\nPayable Date<\/strong><\/td>\nDividend per Share<\/strong><\/td>\nTotal ordinary dividends
(box 1a)<\/strong><\/td>\n		Qualified <\/strong>dividends<\/strong>
(box 1b)<\/strong><\/td>\n		Total capital gain distr.
(box 2a)<\/strong><\/td>\n		Section 199A dividends
(box 5)<\/strong><\/td>\n<\/tr>\n
March 31, 2020<\/td>\nApril 15, 2020<\/td>\n$0.45<\/td>\n$0.244571<\/td>\n$0.005000<\/td>\n$0.205429<\/td>\n$0.239571<\/td>\n<\/tr>\n<\/table>\n

About Park Hotels & Resorts <\/u><\/strong><\/strong>
Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park\u2019s portfolio currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations. Visit www.pkhotelsandresorts.com<\/a> for more information.<\/p>\n

For more information, contact:<\/strong>
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
iweissman@pkhotelsandresorts.com<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

TYSONS, Va., Jan. 15, 2021 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. (NYSE: PK) (the \u201cCompany\u201d) today announced the tax reporting information for its 2020 cash distributions on its Common Stock.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1859"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=1859"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1859\/revisions"}],"predecessor-version":[{"id":1884,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1859\/revisions\/1884"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=1859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=1859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=1859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}