JACKSON, Miss., Jan. 12 /PRNewswire-FirstCall/ -- Parkway Properties,
Inc. (NYSE: PKY) announced today that the tax treatment for the 2006
distributions for Parkway Properties CUSIP #70159Q10-4 traded on the New
York Stock Exchange under ticker symbol PKY is as follows:
(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO )
Common Stock:
Total Total Unrecaptured
Record Payment Distribution Ordinary Capital Gain Section 1250
Date Date Per Share Dividends Distribution Gain (1)
03/15/06 03/28/06 $0.650000 $0.399682 $0.250318 $0.051270
06/14/06 06/28/06 0.650000 0.000000 0.650000 0.133132
09/13/06 09/27/06 0.650000 0.280485 0.369515 0.083724
12/13/06 12/27/06 0.650000 0.308352 0.341648 0.170519
Totals $2.600000 $0.988519 $1.611481 $0.438645
The income tax treatment for the 2006 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 Total Unrecaptured
Record Payment Distribution Ordinary Capital Gain Section 1250
Date Date Per Share Dividends Distribution Gain (1)
03/31/06 04/14/06 $0.500000 $0.307448 $0.192552 $0.039438
06/30/06 07/14/06 0.500000 0.000000 0.500000 0.102410
09/30/06 10/16/06 0.500000 0.215757 0.284243 0.064403
12/29/06 01/15/07 0.500000 0.237194 0.262806 0.131169
Totals $2.000000 $0.760399 $1.239601 $0.337420
(1) Unrecaptured Section 1250 Gain is a subset of, and included in, the
Total Capital Gain Distribution amount.
Of the total ordinary dividends paid during 2006, 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, acquisition, ownership, management, and leasing 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 13.3 million square feet of leasable space as of January 12,
2007. The Company also offers fee- based real estate services through its
wholly owned subsidiary, Parkway Realty Services, to its owned properties
and to its third party and minority interest properties.
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: WILLIAM R. FLATT, EXECUTIVE VICE PRESIDENT,
CHIEF FINANCIAL OFFICER AND SECRETARY
SARAH P. CLARK, SENIOR VICE PRESIDENT OF
STRATEGIC PLANNING AND INVESTOR RELATIONS
(601) 948-4091
SOURCE Parkway Properties, Inc.
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Related links:
http://www.pky.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO
AP Archive: http:
http://www.prnewswire.com/comp/103115.html /
CONTACT:
William R. Flatt, Executive Vice President,
Chief Financial Officer and Secretary, or Sarah P. Clark, Senior
Vice President of Strategic Planning and Investor Relations,
+1-601-948-4091, both of Parkway Properties, Inc.
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