{"id":415992,"date":"2021-01-15T16:18:31","date_gmt":"2021-01-15T21:18:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=415992"},"modified":"2021-01-15T16:18:31","modified_gmt":"2021-01-15T21:18:31","slug":"park-hotels-resorts-announces-tax-treatment-of-2020-dividends","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/park-hotels-resorts-announces-tax-treatment-of-2020-dividends\/","title":{"rendered":"Park Hotels &amp; Resorts Announces Tax Treatment of 2020 Dividends"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">TYSONS, Va., Jan.  15, 2021  (GLOBE NEWSWIRE) &#8212; Park Hotels &amp; Resorts Inc. (NYSE: PK) (the \u201cCompany\u201d) today announced the tax reporting information for its 2020 cash distributions on its Common Stock.<\/p>\n<p>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<p>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<p>The following table summarizes the income tax treatment of the Company&#8217;s 2020 dividend:<\/p>\n<p>\n        <strong>2020 Dividend Tax Reporting Information (Form 1099-DIV)<\/strong>\n      <\/p>\n<p>Park Hotels &amp; Resorts Inc. Common Stock: PK CUSIP: 700517 105<\/p>\n<table style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:16%;width:16%;min-width:16%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Record Date<\/strong>\n          <\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Payable Date<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Dividend per Share<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Total ordinary dividends <br \/>(box 1a)<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Qualified <\/strong><br \/>\n            <strong>dividends<\/strong><br \/>\n            <br \/>\n            <strong>(box 1b)<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Total capital gain distr.<br \/>(box 2a)<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"max-width:14%;width:14%;min-width:14%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <strong>Section 199A dividends<br \/>(box 5)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top;vertical-align: bottom\">March 31, 2020<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top;vertical-align: bottom\">April 15, 2020<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top;vertical-align: bottom\">$0.45<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top;vertical-align: bottom\">$0.244571<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top;vertical-align: bottom\">$0.005000<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top;vertical-align: bottom\">$0.205429<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top;vertical-align: bottom\">$0.239571<\/td>\n<\/tr>\n<\/table>\n<p>\n        <strong><br \/>\n          <strong><br \/>\n            <u>About Park Hotels &amp; Resorts <\/u><br \/>\n          <\/strong><br \/>\n        <\/strong><br \/>\n        <br \/>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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-3g5eRTy-gh98DYWAZ5vOSgHBR_ZTec0wicznVsqCmHzUmeKZIAx_TaE_pphO93bsgDXvRJ_TVg3yD2Gu089vHLzRPbg-AGZ1wcPDhdgkmcfEQBoirCnOi8JlMXvQCxM\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.pkhotelsandresorts.com<\/a> for more information.<\/p>\n<p>\n        <strong>For more information, contact:<\/strong><br \/>\n        <br \/>Ian Weissman<br \/>Senior Vice President, Corporate Strategy<br \/>571-302-5591<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rmE6qJL7l9caXPh3rmUpFLvRXhJ49_ySaWry7HRXET7poWINEtfJpU1Xt-iafjRYn9OkRGzH_HhAFlrqsrVv9jgiWqRyQtOJm8BxGbdyWy13Ht204x3CrZC1CztENvHy\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">iweissman@pkhotelsandresorts.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjc4MiMzOTIxNTE4IzIxODg5MTc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/fb0e6284-eaf1-4ec3-abb9-59a10bac729a\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TYSONS, Va., Jan. 15, 2021 (GLOBE NEWSWIRE) &#8212; Park Hotels &amp; Resorts Inc. (NYSE: PK) (the \u201cCompany\u201d) today announced the tax reporting information for its 2020 cash distributions on its Common Stock. 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. 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%). The following table summarizes the income tax treatment of the Company&#8217;s 2020 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/park-hotels-resorts-announces-tax-treatment-of-2020-dividends\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Park Hotels &amp; Resorts Announces Tax Treatment of 2020 Dividends&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-415992","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Park Hotels &amp; Resorts Announces Tax Treatment of 2020 Dividends - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/park-hotels-resorts-announces-tax-treatment-of-2020-dividends\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Park Hotels &amp; Resorts Announces Tax Treatment of 2020 Dividends - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TYSONS, Va., Jan. 15, 2021 (GLOBE NEWSWIRE) &#8212; Park Hotels &amp; Resorts Inc. (NYSE: PK) (the \u201cCompany\u201d) today announced the tax reporting information for its 2020 cash distributions on its Common Stock. 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. 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%). 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The following table summarizes the income tax treatment of the Company&#8217;s 2020 &hellip; Continue reading \"Park Hotels &amp; Resorts Announces Tax Treatment of 2020 Dividends\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/park-hotels-resorts-announces-tax-treatment-of-2020-dividends\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-15T21:18:31+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjc4MiMzOTIxNTE4IzIxODg5MTc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/park-hotels-resorts-announces-tax-treatment-of-2020-dividends\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/park-hotels-resorts-announces-tax-treatment-of-2020-dividends\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Park Hotels &amp; 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