Seems like it, but maybe not. The info I gave you is based on the 3/31 CC, and I've never tried reconciling it to the balance sheet. But back then (see post 1188), it appeared that the .05 first quarter special dividend was charged to "Distributions Payable", while the excess included in the .55 operating dividend was not (assuming Q1 E&P was approximately equal to net income for book purposes). Don't ask me why - perhaps because E&P is calculated on an annual basis. Or maybe Doc goofed on the numbers again (but I doubt it).
Apparently it is not uncommon for 95% of a REIT's taxable income to exceed its E&P, so that shareholders report part of the distribution as return of capital. That won't happen for PZN this year because the excess will come out of accumulated E&P.