VANCOUVER, Sept. 13, 2024 — City Office REIT, Inc. (NYSE: CIO) (“City Office,” “CIO” or the “Company”) announced today that its Board of Directors has authorized a quarterly dividend payment of $0.10 per share of common stock and common unit of partnership interest for the third quarter of 2024.

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

These dividends will be paid on October 24, 2024 to all stockholders, preferred stockholders and operating partnership unitholders, as applicable, who are registered as of the close of business on October 10, 2024.

About City Office REIT, Inc.

City Office REIT is a self-managed real estate company focused on acquiring, owning and operating office properties, primarily in Sun Belt markets. Currently, City Office owns or has a controlling interest in 5.6 million square feet of office properties. The Company has chosen to be taxed as a real estate investment trust for U.S. federal income tax purposes.

Forward-looking Statements

This press release includes both historical and “forward-looking statements” as defined by 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 like “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, as well as variations or negatives of these words. These statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could lead to actual results differing significantly 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 detailed in CIO’s Annual Report on Form 10-K for the year ending December 31, 2023 and subsequent filings with the Securities and Exchange Commission. The statements made herein are only valid as of the date of this press release, and, unless 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

SOURCE City Office REIT, Inc.