SOURCE: Franklin Street Properties Corp.

January 16, 2007 11:09 ET

Franklin Street Properties Corp. Announces Tax Composition of 2006 Distributions

WAKEFIELD, MA -- (MARKET WIRE) -- January 16, 2007 -- Franklin Street Properties Corp. ("FSP") (AMEX: FSP), a real estate investment trust, announced today the tax composition of its 2006 distributions. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of FSP distributions.

Ticker Symbol: FSP
Common Stock (CUSIP # 35471R106)

                                                                    2006
                                 2006      2006      2006 Total   Unrecap.
                     Total      Taxable   Taxable      Capital    Section
Record   Payable  Distribution Ordinary  Qualified      Gain        1250
Date       Date    per Share   Dividend  Dividend(1)Distribution  Gain (2)
-------- -------- ----------- ---------- ---------- ------------ ----------
 1/31/06  2/21/06 $      0.31 $ 0.200922 $ 0.003351 $   0.109078 $ 0.026951
 4/28/06  5/19/06 $      0.31 $ 0.200922 $ 0.003351 $   0.109078 $ 0.026951
 7/31/06  8/21/06 $      0.31 $ 0.200922 $ 0.003351 $   0.109078 $ 0.026951
10/31/06 11/20/06 $      0.31 $ 0.200922 $ 0.003351 $   0.109078 $ 0.026951

                  ----------- ---------- ---------- ------------ ----------
Totals            $      1.24 $ 0.803688 $ 0.013404 $   0.436312 $ 0.107804
                  =========== ========== ========== ============ ==========

Please note there was not a nontaxable distribution in 2006.

(1) Qualifed Dividend is a subset of, and included in,
    the 2006 Total Ordinary Dividends amount.
(2) Unrecaptured Section 1250 Gain is a subset of, and included in,
    the 2006 Total Capital Gain Distribution amount.
About Franklin Street Properties

Franklin Street Properties Corp. is a real estate investment trust based in Wakefield, Massachusetts, focused on achieving current income and long-term growth through investments in commercial properties. FSP operates in two business segments: real estate operations and investment banking/investment services. FSP owns an unleveraged portfolio of real estate. The majority of FSP's property portfolio is suburban office buildings. FSP's subsidiary, FSP Investments LLC (member, NASD and SIPC), is a real estate investment banking firm and a registered broker/dealer. To learn more about FSP please visit our website at www.franklinstreetproperties.com.

Contact Information

  • Contact:
    Donna Brownell
    877-686-9496

    Franklin Street Properties Corp.
    401 Edgewater Place, Suite 200
    Wakefield, Massachusetts 01880-6210
    (781) 557-1300
    www.franklinstreetproperties.com