Paramount Group, Inc. (NYSE:PGRE) ("Paramount" or the "Company") today announced the 2023 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 2023		2023 Taxable Ordinary Dividends ⁽¹⁾		Total Capital Gain Distribution		Total Section 1250 Unrecaptured Gain ⁽²⁾		2023 Non-taxable Dividend (Return of Capital)
12/30/2022	01/13/2023	$	0.077500	$	0.029795	$	0.026627	$	0.000000	$	0.000000	$	0.003168
03/31/2023	04/14/2023		0.077500		0.077500		0.069261		0.000000		0.000000		0.008239
06/30/2023	07/14/2023		0.035000		0.035000		0.031279		0.000000		0.000000		0.003721
09/29/2023	10/13/2023		0.035000		0.035000		0.031279		0.000000		0.000000		0.003721
Totals for 2023		$	0.225000	$	0.177295	$	0.158446	$	0.000000	$	0.000000	$	0.018849

⁽¹⁾ The amounts in this column are treated as "qualified REIT dividends" for purposes of Internal Revenue Code Section 199A.
⁽²⁾ These amounts are a subset of, and included in, the Total Capital Gain Distribution amount.

The regular quarterly cash dividend of $0.0775 per share of common stock (with a record date of December 30, 2022, that was paid on January 13, 2023) is a split-year dividend, of which $0.047705 was allocable to 2022 for federal income tax purposes and the remaining $0.029795 was allocable to 2023 for federal income tax purposes.

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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Paramount Announces Tax Treatment of 2023 Common Stock Dividends