JACKSON, Miss., Jan. 14, 2011 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) provided today the tax treatment for its 2010 distributions, as follows.
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) |
|
03/17/10 |
03/31/10 |
$0.075000 |
$0.073297 |
$0.000000 |
$0.000000 |
$0.001703 |
|
06/16/10 |
06/30/10 |
0.075000 |
0.008222 |
0.065075 |
0.065075 |
0.001703 |
|
09/15/10 |
09/29/10 |
0.075000 |
0.073297 |
0.000000 |
0.000000 |
0.001703 |
|
12/15/10 |
12/29/10 |
0.075000 |
0.073297 |
0.000000 |
0.000000 |
0.001703 |
|
Totals |
$0.300000 |
$0.228113 |
$0.065075 |
$0.065075 |
$0.006812 |
||
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) |
|
03/31/10 |
04/15/10 |
$0.500000 |
$0.500000 |
$0.000000 |
$0.000000 |
$0.000000 |
|
06/30/10 |
07/15/10 |
0.500000 |
0.066165 |
0.433835 |
0.433835 |
0.000000 |
|
09/30/10 |
10/15/10 |
0.500000 |
0.500000 |
0.000000 |
0.000000 |
0.000000 |
|
12/31/10 |
01/14/11 |
0.500000 |
0.500000 |
0.000000 |
0.000000 |
0.000000 |
|
Totals |
$2.000000 |
$1.566165 |
$0.433835 |
$0.433835 |
$0.000000 |
||
(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 2010, 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 [email protected] 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 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 64 office properties located in 11 states with an aggregate of approximately 13.2 million square feet of leasable space as of January 14, 2011. Included in the portfolio are 20 properties totaling 3.7 million square feet that are owned jointly with other investors, representing 28.0% 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 1.8 million square feet for third-party owners at January 14, 2011.
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 |
|
(601) 948-4091 |
|
SOURCE Parkway Properties, Inc.
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