VANCOUVER, March 14,
2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE:
CIO) ("City Office" or the "Company") announced today that its
Board of Directors has authorized a quarterly dividend amount of
$0.20 per share of common stock and
common unit of partnership interest for the first 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 April
25, 2023 to all stockholders, preferred stockholders and
operating partnership unitholders, as applicable, of record as of
the close of business on April 11,
2023.
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 6.0 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 "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 "anticipate," "expect," "intend," "may" 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.