Park Hotels & Resorts Announces Tax Treatment of 2023 Dividends

TYSONS, Va., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) (“Park” or the “Company”) today announced the tax reporting information for its 2023 cash distributions on its Common Stock.

The distributions, totaling $2.15 per share, were paid as follows: $0.15 on April 17, 2023; $0.15 on July 17, 2023; $0.15 on October 16, 2023; $0.77 on January 16, 2024, and $0.93 on January 16, 2024.

For income tax purposes, the dividends for 2023, totaling $2.15 per share, are classified as $2.15 (100%) Total capital gain distribution.

The following table summarizes the income tax treatment of the Company's 2023 dividends:

2023 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)		Total capital gain distr. (box 2a)		Section199A dividends (box 5)
March 31, 2023	April 17, 2023	$0.15		$0.00		$0.15		$0.00
June 30, 2023	July 17, 2023	$0.15		$0.00		$0.15		$0.00
September 29, 2023	October 16, 2023	$0.15		$0.00		$0.15		$0.00
December 29, 2023	January 16, 2024	$0.77		$0.00		$0.77		$0.00
December 29, 2023	January 16, 2024	$0.93		$0.00		$0.93		$0.00
Totals		$2.15		$0.00		$2.15		$0.00

About Park Hotels & Resorts
Park is one of the largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information. 

For more information, contact:
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
iweissman@pkhotelsandresorts.com

For additional information or to receive press releases via e-mail, please visit our website at www.pkhotelsandresorts.com