Cousins Properties Announces Tax Reporting Information for 2016 Distributions

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

1 This 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 
marliquesinberry@cousinsproperties.com 

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SOURCE Cousins Properties Incorporated