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Parkway Provides Tax Treatment of 2011 Dividends -- ORLANDO, Fla., Jan. 6, 2012 /PRNewswire/ --
Parkway Provides Tax Treatment of 2011 Dividends
ORLANDO, Fla., Jan. 6, 2012 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: [ PKY ]) provided today the tax treatment for its 2011 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) |
03/16/11 | 03/30/11 | $0.075 | $0.000 | $0.000 | $0.000 | $0.075 |
06/15/11 | 06/29/11 | 0.075 | 0.000 | 0.000 | 0.000 | 0.075 |
09/14/11 | 09/28/11 | 0.075 | 0.000 | 0.000 | 0.000 | 0.075 |
12/14/11 | 12/28/11 | 0.075 | 0.000 | 0.000 | 0.000 | 0.075 |
| Totals | $0.300 | $0.000 | $0.000 | $0.000 | $0.300 |
Series D Preferred Stock (CUSIP #70159Q40-1, ticker symbol PKY PrD on the NYSE):
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|
| Total |
| Total | Unrecaptured |
|
Record | Payment | Distribution | Ordinary | Capital Gain | Section 1250 | Nondividend |
Date | Date | Per Share | Dividends | Distribution | Gain (1) | Distributions (2) |
03/31/11 | 04/15/11 | $0.500 | $0.000 | $0.000 | $0.000 | $0.500 |
06/30/11 | 07/15/11 | 0.500 | 0.000 | 0.000 | 0.000 | 0.500 |
09/30/11 | 10/17/11 | 0.500 | 0.000 | 0.000 | 0.000 | 0.500 |
12/30/11 | 01/17/12 | 0.500 | 0.000 | 0.000 | 0.000 | 0.500 |
| Totals | $2.000 | $0.000 | $0.000 | $0.000 | $2.000 |
(1) Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain Distribution.
(2) Return of Capital
Of the total ordinary dividends paid during 2011, none are considered qualifying dividends for purposes of the 15% income tax rate. The Company did not incur any foreign taxes. Should you require additional information, please contact Rita Jordan at [ rjordan@pky.com ] or (601) 948-4091.
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 office properties. Parkway owns or has an interest in 58 office properties located in 12 states with an aggregate of approximately 12.6 million square feet of leasable space at January 6, 2012. Fee-based real estate services are offered through wholly-owned subsidiaries of the Company, which in total manage and/or lease approximately 11.9 million square feet for third-party owners at January 6, 2012.
Parkway Properties, Inc.'s press releases and additional information about the Company are available on the Company's website at [ www.pky.com ].
FOR FURTHER INFORMATION:
Richard G. Hickson, IV
Chief Financial Officer
Mandy M. Pope
Chief Accounting Officer
(407) 650-0593
SOURCE Parkway Properties, Inc.
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[ http://www.pky.com ]
