CUPERTINO, Calif., Jan. 20 /PRNewswire-FirstCall/ -- Mission West Properties, Inc. (Nasdaq: MSW) announced today the tax treatment of its 2009 dividend distributions. The table below shows the amounts and dates of the quarterly dividend distributions to be reported on the 2009 Form 1099 to shareholders.


                                                            2009
                                               Total       Taxable    2009
    Declaration                   Payable   Distribution  Ordinary  Return of
        Date     Record Date       Date      per Share     Income    Capital
    -----------  -----------      -------   ------------   ------   ---------
    03/17/2009    03/31/2009     04/09/2009    $0.2000    $0.1869    $0.0131
    06/22/2009    06/30/2009     07/09/2009     0.1500     0.1401     0.0099
    09/17/2009    09/30/2009     10/08/2009     0.1500     0.1401     0.0099
    12/15/2009    12/31/2009     01/07/2010     0.1500     0.1401     0.0099
                                                ------     ------     ------
                 2009 Totals                   $0.6500    $0.6072    $0.0428

The dividends classified as taxable ordinary income are not "qualified dividend income" and, therefore, are not eligible for capital gains rates. Dividend distributions which are declared and recorded during a calendar year and paid within 30 days of the end of the year are included in that year's distributions. Accordingly, the Company's 2009 dividend distributions include the January 7, 2010 payment to holders of Common Stock.

Company Profile

Mission West Properties, Inc. operates as a self-managed, self-administered and fully integrated REIT engaged in the management, leasing, marketing, development and acquisition of commercial R&D properties primarily located in the Silicon Valley portion of the San Francisco Bay Area. Currently, the Company manages 111 properties totaling approximately 8.0 million rentable square feet. For additional information, please contact Investor Relations at 408-725-0700.

SOURCE Mission West Properties, Inc.