Parkway Provides Tax Treatment Of 2012 Dividends

ORLANDO, Fla., Jan. 7, 2013 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) provided today the tax treatment for its 2012 distributions, as follows.

(Logo: http://photos.prnewswire.com/prnh/20030513/PARKLOGO )

Common Stock (CUSIP #70159Q10-4, ticker symbol PKY on the NYSE):

 



Total


Total

Unrecaptured


Record

Payment

Distribution

Ordinary

Capital Gain

Section 1250

Nondividend

Date

Date

Per Share

Dividends

Distribution

Gain (1)

Distributions (2)

03/14/12

03/28/12

$0.075000

$0.000000

$0.000000

$0.000000

$0.075000

06/13/12

06/27/12

0.075000

0.000000

0.000000

0.000000

0.075000

09/12/12

09/26/12

0.112500

0.000000

0.000000

0.000000

0.112500

12/12/12

12/26/12

0.112500

0.000000

0.000000

0.000000

0.112500


Totals

$0.375000

$0.000000

$0.000000

$0.000000

$0.375000



Series D Preferred Stock (CUSIP #70159Q40-1, ticker symbol PKY PrD on the NYSE):

 



Total


Total

Unrecaptured


Record

Payment

Distribution

Ordinary

Capital Gain

Section 1250

Nondividend

Date

Date

Per Share

Dividends

Distribution

Gain (1)

Distributions (2)

03/30/12

04/16/12

$0.500000

$0.000000

$0.000000

$0.000000

$0.500000

06/29/12

07/16/12

0.500000

0.000000

0.000000

0.000000

0.500000

09/28/12

10/15/12

0.500000

0.000000

0.000000

0.000000

0.500000

12/31/12

01/15/13

0.500000

0.000000

0.000000

0.000000

0.500000


Totals

$2.000000

$0.000000

$0.000000

$0.000000

$2.000000



(1)

  Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain Distribution.

(2)

  Return of Capital

The Company did not incur any foreign taxes.  Stockholders are urged to consult with their tax advisors as to their specific tax treatment of Parkway Properties, Inc. common and preferred distributions. 

About Parkway Properties

Parkway Properties, Inc., a member of the S&P Small Cap 600 Index, is a self-administered real estate investment trust specializing in the ownership of quality office properties in higher-growth submarkets in the Sunbelt region of the United States.  Parkway owns or has an interest in 38 office properties located in nine states with an aggregate of approximately 10.0 million square feet of leasable space at November 1, 2012.  Fee-based real estate services are offered through wholly owned subsidiaries of the Company, which in total manage and/or lease approximately 11.6 million square feet for third-party owners at November 1, 2012.

Parkway Properties, Inc.'s press releases and additional information about the Company are available on the Company's website at www.pky.com.

Contact:
Parkway Properties, Inc.
Thomas E. Blalock
Vice President of Investor Relations
Bank of America Center
390 N. Orange Avenue, Suite 2400
Orlando, FL 32801
(407) 650-0593
www.pky.com  

          

SOURCE Parkway Properties, Inc.



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