JACKSON, Miss., Jan. 4 /PRNewswire-FirstCall/ -- Parkway Properties, Inc. 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 )
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