City Office REIT Announces Second Quarter 2024 Dividends

VANCOUVER, June 14, 2024 /PRNewswire/ — City Office REIT, Inc. (NYSE: CIO) (“City Office”, “CIO” or the “Company”) today announced that its board of directors has authorized a quarterly dividend amount of $0.10 per common share and common participation unit for the second quarter of 2024.

In addition, the board of directors authorized a regular quarterly dividend of $0.4140625 per share of the Company’s 6.625% Series A Cumulative Redeemable Preferred Stock.

Dividends will be payable on July 24, 2024 to all shareholders, preferred shareholders and holders of operating company shares, if any, of record at the close of business on July 10, 2024.

About City Office REIT, Inc.

City Office REIT is an internally managed real estate company focused on acquiring, owning and operating high-quality office properties located primarily in the Sun Belt markets. City Office currently owns or has a controlling interest in 5.7 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.

Forward-looking statements

This press release contains both historical statements and “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on management’s current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as “approximately”, “anticipate”, “assume”, “believe”, “budget”, “intend”, “continue”, “could”, “estimate”, “s ‘expect’, ‘future’, ‘intent’, ‘may’, ‘outlook’, ‘plan’, ‘potential’, ‘predict’, ‘project’, ‘seek’, ‘should’, ‘target’, ‘will’ ” and similar expressions and variations or negatives of these words. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. Factors that could cause actual results to differ materially include, among others, changes in the IOC’s expected liquidity position and the risk factors set forth in the IOC’s Annual Report on Form 10-K for the ended fiscal year. December 31, 2023 and subsequent filings with the Securities and Exchange Commission. The statements made in this release speak only as of the date of this press release and, except as required by law, CIO undertakes no obligation to publicly update or revise any forward-looking statements.

Contact

City Office REIT, Inc.
Anthony MarétiqueCFO
+1-604-806-3366
(email protected)

SOURCE City Office REIT, Inc.