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FILED PURSUANT TO RULE 424(b)(3)
REGISTRATION NO. 333-92957
[PARKWAY LOGO]
1000 ONE JACKSON PLACE
188 EAST CAPITOL STREET
JACKSON, MS 39201-2195
POST OFFICE BOX 24647
JACKSON, MS 39225-4647
PHONE 601.948.4091
FAX 601.949.4077
http://www.parkwayco.com
February 11, 2000
Dear Shareholder:
We are pleased to present our new Dividend Reinvestment
and Stock Purchase Plan ("Plan"), which allows you to
purchase stock directly from Parkway or reinvest the
dividends from your Parkway Common or Series A Preferred
Stock more economically and conveniently than ever before.
- Shareholders of Parkway Common or Series A Preferred
Stock can put every investment dollar to work by
automatically reinvesting their cash dividends into
additional Parkway Common Stock at a discount of 3%,
without paying fees;
- Existing shareholders may purchase additional shares of
Common Stock at a discount of 3% with a minimum
investment of $100 up to a maximum of $10,000 in any one
calendar month; and
- New investors have the opportunity to purchase shares of
Common Stock at a discount of 3% with a minimum
investment of $100 up to a maximum initial investment of
$10,000.
Please take the opportunity to read the complete details
of the Plan in the attached Brochure and Prospectus. For
more information, please contact the Parkway shareholder
representatives at Harris Trust and Savings Bank by
calling, toll free, 1-877-588-4124. These representatives
will be available to explain the Plan's features and
answer any questions you may have concerning the
enrollment process. You can also contact Parkway's
Investor Relations office at 1-800-748-1667 or via e-mail
at [email protected].
Thank you for your consideration, and I hope that you will
choose to take advantage of the direct investing
opportunities now available in Parkway Properties, Inc.
Common Stock through this Dividend Reinvestment and Stock
Purchase Plan, as I intend to do.
Sincerely,
/s/ Steven G. Rogers
Steven G. Rogers
President and Chief Executive Officer
