CORRECTING and REPLACING Park Hotels & Resorts Inc. Announces Tax Treatment of 2017 Dividends

[End Subhead]
[Start Distributor]
Business Wire 26-Jan-2018 4:15 PM
[End Distributor]
MCLEAN, Va.--(BUSINESS WIRE)-- Third paragraph, the second percentage figure in parentheses should read: 59.4115% (instead of 0.594115%).
The corrected release reads:
PARK HOTELS & RESORTS INC. ANNOUNCES TAX TREATMENT OF 2017 DIVIDENDS
Park Hotels & Resorts Inc. (NYSE: PK) (the Company) today announced the tax reporting information for its 2017 cash and stock distributions on its Common Stock.
The distributions, totaling $4.63 per share, were paid as follows: $2.79 on March 9, 2017; $0.43 on April 17, 2017; $0.43 on July 17, 2017; $0.43 on October 16, 2017; and $0.55 on January 16, 2018.
The dividends for 2017, totaling $4.41 per share, are classified for income tax purposes as $4.41 (100%) Total ordinary dividends (including qualified dividends), and $2.620048 (59.4115%) Qualified dividends.
The following table summarizes the income tax treatment of the Company's 2017 dividends:
[Start Table]

2017 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)
January 19, 2017 March 9, 2017 $2.79 $2.79 $2.528740
March 31, 2017 April 17, 2017 $0.43 $0.43 $0.024236
June 30, 2017 July 17, 2017 $0.43 $0.43 $0.024236
September 29, 2017 October 16, 2017 $0.43 $0.43 $0.024236
December 29, 2017 January 16, 2018 $0.33 $0.33 $0.018600
Totals: $4.41 $4.41 $2.620048

[End Table]
About Park Hotels & Resorts
Park Hotels & Resorts Inc. (NYSE: PK) is one of the largest publicly traded lodging real estate investment trusts with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Parks portfolio currently consists of 67 premium-branded hotels and resorts with over 35,000 rooms located in prime U.S. and international markets with high barriers to entry. For additional information, please visit Park's website at www.pkhotelsandresorts.com.
For additional information or to receive press releases via e-mail, please visit our website at www.pkhotelsandresorts.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20180126005607/en/
Park Hotels & Resorts Inc. Ian Weissman, 703-584-7441Senior Vice President, Corporate Strategyiweissman@pkhotelsandresorts.com
Source: Park Hotels & Resorts Inc.