Company: PRSU
Filing Date: 2025-06-30
Form Type: 11-K
Source: 0000950170-25-091425
Chunk: 11

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-06-30
Form: 11-K
Chunk 11
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 investment manager’s annual report, as of December 31, 2024 and 2023, the occurrence of an

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event outside the normal operation of the Stable Value Fund that would cause a withdrawal from an investment contract is not considered to be probable. To the extent a unit holder requests a redemption, under normal circumstances, it is anticipated that liquid assets would be available to satisfy the redemption of such unit holder’s interest in the Stable Value Fund without the need to access investment contracts. Plan management believes that the occurrence of events that would cause the Stable Value Fund to transact at less than contract value is not probable.

Note 5.Exempt Party-in-Interest Transactions

Plan investments include shares of mutual funds and common/collective trusts managed by T. Rowe Price. T. Rowe Price is the trustee, as defined by the Plan, thus transactions involving those shares qualify as exempt party-in-interest transactions. The Plan issues loans to participants, which are secured by the vested balance in the participants’ accounts. The Plan also holds shares of Pursuit common stock, and any transaction involving those shares also qualifies as an exempt party-in-interest transaction. The Plan held 660,761 shares of Pursuit common stock with a cost basis of $23,918,224 as of December 31, 2024. The Plan held 655,875 shares of Viad Corp common stock with a cost basis of $16,182,460 as of December 31, 2023. During the year ended December 31, 2024, the Plan did not pay any dividends on Pursuit common stock or record any dividend income.

Note 6.Federal Income Tax Status

GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service (“IRS”). The Plan administrator has analyzed the tax positions taken by the Plan and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions. There are currently no tax authority audits in progress, and the Plan administrator believes the Plan is no longer subject to federal income tax examinations for years prior to 2021.

The IRS has determined and informed us by a letter dated March