The PAG dividend is payable 1 June 2023 to shareholders of record as of 22 May 2023. The repurchase authority is in addition to the previously announced authority, of which $135.8 million remained outstanding as of 10 May, 2023. The authority has no expiration. During 2023, PAG repurchased 1.45 million shares of its common stock, representing ~2.1% of the Company’s shares outstanding at the beginning of 2023, for an aggregate purchase price of $188.4 million.

Under the securities repurchase program, PAG said it may, as market conditions warrant, purchase its outstanding common stock or debt on the open market, in privately negotiated transactions, via a tender offer, through a pre-arranged trading plan, pursuant to the terms of an accelerated share repurchase program, or by other means. PAG Q2 2023 earnings will be announced on 26 July 2023.