Cousins Properties Announces Tax Reporting Information for 2016 Distributions

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Jan 25, 2017, 08:00 ET

ATLANTA, Jan. 25, 2017 /PRNewswire/ -- Cousins Properties Incorporated (NYSE: CUZ) announced today the year-end tax reporting information for its 2016 distributions and the 2016 distributions of Parkway Properties, Inc., which merged with the Company on October 6, 2016. For the tax year ended December 31, 2016, distributions for Cousins' common stock, including the Company's October 7, 2016 special distribution of shares of common stock of Parkway, Inc., are classified as follows:

Record Date	Paid Date	Total Distributions Per Share	Ordinary Dividends	Long-Term Capital Gain	Unrecaptured Sec. 1250 Gain ²	Nondividend Distributions
02/05/2016	02/22/2016	$0.080000	$0.000258	$0.018317	$0.005169	$0.061425
05/13/2016	05/27/2016	$0.080000	$0.000258	$0.018317	$0.005169	$0.061425
08/23/2016	09/06/2016	$0.080000	$0.000258	$0.018317	$0.005169	$0.061425
10/06/2016	10/07/2016	$2.613075 ¹	$0.078887	$0.527827	$0.085427	$2.006361

¹This designation reflects a value of $20.9046 per Parkway, Inc. share distributed. This value represents the volume weighted average trading price of Parkway, Inc. on October 7, 2016 and is not binding on the U.S. Internal Revenue Service or any other tax authority.

² Represents a portion of the amount included as long-term capital gain.

Additionally, distributions for common stockholders of Parkway Properties, Inc. prior to the merger with Cousins on October 6, 2016, are classified as follows:

Record Date	Paid Date	Total Distributions Per Share	Ordinary Dividends	Nondividend Distributions
03/16/2016	03/30/2016	$0.187500	$0.024752	$0.162748
06/15/2016	06/29/2016	$0.187500	$0.024752	$0.162748
08/23/2016	09/06/2016	$0.187500	$0.024752	$0.162748

Because the Company's and Parkway Properties, Inc.'s 2016 tax returns have not yet been filed, this information has been prepared with the information available to date. The tax consequences of these distributions to each stockholder depend on such stockholder's particular facts and circumstances. Stockholders are thus encouraged to consult with their own tax advisors as to the U.S. federal, state, local and non-U.S. tax treatment of these distributions.

About Cousins Properties Incorporated

Cousins Properties Incorporated is a leading real estate company with extensive experience in development, acquisition, financing, management and leasing. Based in Atlanta, the Company actively invests in top-tier urban office assets and opportunistic mixed-use developments in Sunbelt markets. The Company is a fully integrated equity real estate investment trust (REIT) and trades on the New York Stock Exchange under the symbol CUZ. For more information, please visit www.cousinsproperties.com.

CONTACT:
Marli Quesinberry
Vice President, Investor Relations
404-407-1898
[email protected]

SOURCE Cousins Properties Incorporated