VANCOUVER,
June 14,
2024 /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 second quarter of
2024.
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 July 24, 2024 to all stockholders, preferred
stockholders and operating partnership unitholders, as applicable,
of record as of 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 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, 2023 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.