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City Office REIT Announces Dividends for Second Quarter 2021

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City Office REIT announced a quarterly dividend of $0.15 per share for Q2 2021, payable on July 23, 2021, to stockholders of record as of July 9, 2021. Additionally, a dividend of $0.4140625 per share on the Company's 6.625% Series A Cumulative Redeemable Preferred Stock was authorized. City Office focuses on high-quality office properties in 18-hour cities across the Southern and Western U.S., owning or controlling 5.5 million square feet of office space.

Positive
  • Quarterly dividend of $0.15 per share, enhancing shareholder income.
  • Regular dividend of $0.4140625 per share on Series A Preferred Stock.
Negative
  • None.

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 $0.15 per share of common stock and common unit of partnership interest for the second quarter of 2021.

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 23, 2021 to all stockholders and operating partnership unitholders of record as of the close of business on July 9, 2021.

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 in leading 18-hour cities in the Southern and Western United States. City Office currently owns or has a controlling interest in 5.5 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, the timing and amount of repurchases of CIO's common stock, if any, 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, 2020 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.

FAQ

What is City Office REIT's dividend amount for Q2 2021?

City Office REIT's dividend for Q2 2021 is $0.15 per share.

When will City Office REIT's dividend be paid?

The dividend will be payable on July 23, 2021.

What is the record date for City Office REIT's dividend payment?

The record date is July 9, 2021.

What is the dividend amount for the Series A Preferred Stock?

The dividend for the Series A Preferred Stock is $0.4140625 per share.

CITY OFFICE REIT, INC.

NYSE:CIO

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217.23M
38.61M
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REIT - Office
Real Estate Investment Trusts
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United States of America
VANCOUVER