VANCOUVER, Dec. 15,
2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE:
CIO) ("City Office," "CIO" or the "Company") announced today that
its Board of Directors has authorized a quarterly dividend amount
of $0.10 per share of common stock
and common unit of partnership interest for the fourth quarter of
2023.
Additionally, 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.
The dividends will be payable on January
24, 2024 to all stockholders, preferred stockholders and
operating partnership unitholders, as applicable, of record as of
the close of business on January 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 predominantly in 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 and "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 that 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," "contemplate,"
"continue," "could," "estimate," "expect," "future," "intend,"
"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
other things, changes to CIO's expected liquidity position and the
risk factors set forth in CIO's Annual Report on Form 10-K for the
year ended December 31, 2022 and
subsequent filings with the Securities and Exchange Commission. The
statements made herein speak only as of the date of this press
release, and, except as required by law, CIO does not undertake any
obligation to publicly update or revise any forward-looking
statements.
Contact
City Office REIT, Inc.
Anthony Maretic, CFO
+1-604-806-3366
investorrelations@cityofficereit.com
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SOURCE City Office REIT, Inc.