Parkway Provides Tax Treatment Of 2012 Dividends

               Parkway Provides Tax Treatment Of 2012 Dividends

PR Newswire

ORLANDO, Fla., Jan. 7, 2013

ORLANDO, Fla., Jan. 7, 2013 /PRNewswire/ -- Parkway Properties, Inc. (NYSE:
PKY) provided today the tax treatment for its 2012 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)
03/14/12 03/28/12 $0.075000    $0.000000 $0.000000    $0.000000    $0.075000
06/13/12 06/27/12 0.075000     0.000000  0.000000     0.000000     0.075000
09/12/12 09/26/12 0.112500     0.000000  0.000000     0.000000     0.112500
12/12/12 12/26/12 0.112500     0.000000  0.000000     0.000000     0.112500
         Totals   $0.375000    $0.000000 $0.000000    $0.000000    $0.375000

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)
03/30/12 04/16/12 $0.500000    $0.000000 $0.000000    $0.000000    $0.500000
06/29/12 07/16/12 0.500000     0.000000  0.000000     0.000000     0.500000
09/28/12 10/15/12 0.500000     0.000000  0.000000     0.000000     0.500000
12/31/12 01/15/13 0.500000     0.000000  0.000000     0.000000     0.500000
         Totals   $2.000000    $0.000000 $0.000000    $0.000000    $2.000000

(1)  Unrecaptured Section 1250 Gain is a subset of, and included in, the
    Total Capital Gain Distribution.
(2)  Return of Capital

The Company did not incur any foreign taxes. Stockholders are urged to
consult with their tax advisors as to their specific tax treatment of Parkway
Properties, Inc. common and preferred distributions.

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 quality office properties in higher-growth submarkets in the Sunbelt region
of the United States. Parkway owns or has an interest in 38 office properties
located in nine states with an aggregate of approximately 10.0 million square
feet of leasable space at November 1, 2012. Fee-based real estate services
are offered through wholly owned subsidiaries of the Company, which in total
manage and/or lease approximately 11.6 million square feet for third-party
owners at November 1, 2012.

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

Contact:
Parkway Properties, Inc.
Thomas E. Blalock
Vice President of Investor Relations
Bank of America Center
390 N. Orange Avenue, Suite 2400
Orlando, FL 32801
(407) 650-0593
www.pky.com 



SOURCE Parkway Properties, Inc.

Website: http://www.pky.com
 
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