JACKSON, Miss., Jan. 14 /PRNewswire-FirstCall/ -- Parkway Properties, Inc.
(NYSE: PKY) announced today that the tax treatment for the 2008 distributions
for Parkway Properties CUSIP #70159Q10-4 traded on the New York Stock Exchange
under ticker symbol PKY is as follows:
Common Stock:
Unrecap-
Total tured
Distri- Total Section Nondividend
Record Payment bution Ordinary Capital Gain 1250 Distri-
Date Date Per Share Dividends Distribution Gain(1) butions(2)
03/12/08 03/26/08 $0.650000 $0.283789 $0.268729 $0.220061 $0.097482
06/11/08 06/25/08 0.650000 0.283789 0.268729 0.220061 0.097482
09/10/08 09/24/08 0.650000 0.000000 0.552519 0.452454 0.097481
12/10/08 12/24/08 0.325000 0.276260 0.000000 0.000000 0.048740
Totals $2.275000 $0.843838 $1.089977 $0.892576 $0.341185
The income tax treatment for the 2008 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:
Unrecap-
Total tured
Distri- Total Section Nondividend
Record Payment bution Ordinary Capital Gain 1250 Distri-
Date Date Per Share Dividends Distribution Gain(1) butions(2)
03/31/08 04/15/08 $0.500000 $0.330778 $0.169222 $0.138575 $0.000000
06/30/08 07/15/08 0.500000 0.330778 0.169222 0.138575 0.000000
09/30/08 10/15/08 0.500000 0.000000 0.500000 0.409447 0.000000
12/31/08 01/15/09 0.500000 0.500000 0.000000 0.000000 0.000000
Totals $2.000000 $1.161556 $0.838444 $0.686597 $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 2008, 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 67 office properties located in 11
states with an aggregate of approximately 13.5 million square feet of leasable
space as of January 14, 2009. Included in the portfolio are 21 properties
totaling 3.8 million square feet that are owned jointly with other investors,
representing 28% of the portfolio. Under the Company's GEAR UP Plan, which
started January 1, 2006 and ended 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 14, 2009.
Parkway Properties, Inc.'s press releases and additional information about
the Company are available on the World Wide Web at www.pky.com.
