Parkway Properties Announces Tax Treatment of 2009 Distributions

Jan 12, 2010, 16:35 ET from Parkway Properties, Inc.

JACKSON, Miss., Jan. 12 /PRNewswire-FirstCall/ -- Parkway Properties, Inc. (NYSE: PKY) announced today that the tax treatment for the 2009 distributions for Parkway Properties CUSIP #70159Q10-4 traded on the New York Stock Exchange under ticker symbol PKY is as follows:

Common Stock:

Total

Record

Payment

Distribution

Ordinary

Nondividend

Date

Date

Per Share

Dividends

Distributions (1)

03/11/09

03/25/09

$0.325000

$0.177792

$0.147208

06/10/09

06/24/09

0.325000

0.177792

0.147208

09/16/09

09/30/09

0.325000

0.177792

0.147208

12/16/09

12/30/09

0.325000

0.177792

0.147208

Totals

$1.300000

$0.711168

$0.588832

The income tax treatment for the 2009 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

Record

Payment

Distribution

Ordinary

Nondividend

Date

Date

Per Share

Dividends

Distributions (1)

03/31/09

04/15/09

$0.500000

$0.500000

$0.000000

06/30/09

07/15/09

0.500000

0.500000

0.000000

09/30/09

10/15/09

0.500000

0.500000

0.000000

12/31/09

01/15/10

0.500000

0.500000

0.000000

Totals

$2.000000

$2.000000

$0.000000

(1)   Return of Capital

Of the total ordinary dividends paid during 2009, 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, please email your request to rjordan@pky.com or 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 65 office properties located in 11 states with an aggregate of approximately 13.4 million square feet of leasable space at January 12, 2010.  Included in the portfolio are 21 properties totaling 3.9 million square feet that are owned jointly with other investors, representing 28.8% of the portfolio.  Fee-based real estate services are offered through the Company's wholly-owned subsidiary, Parkway Realty Services, which also manages and/or leases approximately 1.3 million square feet for third-party owners at January 12, 2010.

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

(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO )

CONTACT:

J. MITCHELL COLLINS, CHIEF FINANCIAL OFFICER

SARAH P. CLARK, SENIOR VICE PRESIDENT

    (601) 948-4091

SOURCE Parkway Properties, Inc.



RELATED LINKS

http://www.pky.com