JACKSON, Miss., Jan. 4 /PRNewswire-FirstCall/ -- Parkway Properties,
Inc. (NYSE: PKY) announced today that the tax treatment for the 2007
distributions for Parkway Properties CUSIP #70159Q10-4 traded on the New
York Stock Exchange under ticker symbol PKY is as follows:
Common Stock:
Total Un-
Total Capital recaptured Non-
Distri- Gain Section dividend
Record Payment bution Ordinary Distri- 1250 Distri-
Date Date Per Share Dividends bution Gain (1) butions (2)
03/14/07 03/28/07 $0.650000 $0.179296 $0.422222 $0.264816 $0.048482
06/13/07 06/27/07 0.650000 0.000000 0.601518 0.379853 0.048482
09/12/07 09/26/07 0.650000 0.601077 0.000441 0.000000 0.048482
12/12/07 12/26/07 0.650000 0.601518 0.000000 0.000000 0.048482
Totals $2.600000 $1.381891 $1.024181 $0.644669 $0.193928
The income tax treatment for the 2007 Series D Preferred distributions
for Parkway Properties, Inc. CUSIP #70159Q40-1 traded on the New York Stock
Exchange under ticker symbol PKY PrD is as follows:
Series D Preferred Stock:
Total Un-
Total Capital recaptured Non-
Distri- Gain Section dividend
Record Payment bution Ordinary Distri- 1250 Distri-
Date Date Per Share Dividends bution Gain (1) butions (2)
03/30/07 04/13/07 $0.500000 $0.212509 $0.287491 $0.180154 $0.000000
06/29/07 07/13/07 0.500000 0.000000 0.500000 0.315745 0.000000
09/28/07 10/15/07 0.500000 0.499661 0.000339 0.000000 0.000000
12/31/07 01/15/08 0.500000 0.500000 0.000000 0.000000 0.000000
Totals $2.000000 $1.212170 $0.787830 $0.495899 $0.000000
(1) Unrecaptured Section 1250 Gain is a subset of, and included in, the
Total Capital Gain Distribution amount.
(2) Return of Capital
Of the total ordinary dividends paid during 2007, none are considered
qualifying dividends for purposes of the 15% income tax rate as added by
the 2003 Tax Act. The Company did not incur any foreign taxes. Should you
need any additional information, call Rita Jordan at (601) 948-4091.
Parkway Properties, Inc., a member of the S&P Small Cap 600 Index, is a
self-administered real estate investment trust specializing in the
operation, leasing, acquisition, and ownership of office properties. The
Company is geographically focused on the Southeastern and Southwestern
United States and Chicago. Parkway owns or has an interest in 66 office
properties located in 11 states with an aggregate of approximately 13.0
million square feet of leasable space as of January 4, 2008. Included in
the portfolio are 18 properties totaling 2.7 million square feet that are
owned jointly with other investors, representing 21% of the portfolio.
Under the Company's GEAR UP Plan, which started January 1, 2006 and ends
December 31, 2008, it is the Company's strategy to transform from an
owner-operator to an operator-owner. The strategy highlights the Company's
strength in providing excellent service in the operation of office
properties in addition to its direct ownership of real estate assets.
Fee-based real estate services are offered through the Company's wholly
owned subsidiary, Parkway Realty Services, which also manages and/or leases
approximately 1.8 million square feet for third party owners as of January
4, 2008.
Parkway Properties, Inc.'s press releases and additional information
about the Company are available on the World Wide Web at
http://www.pky.com.
CONTACT: MANDY M. POPE, CHIEF FINANCIAL OFFICER
SARAH P. CLARK, SENIOR VICE PRESIDENT
(601) 948-4091
(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO )
SOURCE Parkway Properties, Inc.
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Related links:
http://www.pky.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/103115.html /
CONTACT:
Mandy M. Pope, Chief Financial Officer, or
Sarah P. Clark, Senior Vice President, +1-601-948-4091, both of
Parkway Properties, Inc.
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