VANCOUVER, Dec. 21, 2016 /PRNewswire/ -- City Office REIT,
Inc. (NYSE: CIO) (the "Company" or "City Office") announced today
that its Board of Directors authorized a quarterly dividend of
$0.235 per share of common stock and
common unit of partnership interest for the fourth quarter of
2016.
Additionally, the Board of Directors authorized an initial
dividend of $0.50608 per share of the
Company's 6.625% Series A Cumulative Redeemable Preferred Stock,
covering the period from, but excluding, October 4, 2016 to, but excluding, January 25, 2017.
The dividends will be payable on January
25, 2017 to all stockholders and operating partnership
unitholders of record as of the close of business on January 13, 2017.
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 markets in the Southern and
Western United States. City Office
currently owns or has a controlling interest in 4.4 million square
feet of office properties. Additional information about City Office
is available on the Company's website at www.cityofficereit.com.
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 "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 and other federal
securities laws. All statements that are not statements of
historical facts are, or may be deemed to be, forward looking
statements. Forward looking statements reflect our current
expectations concerning future results, objectives, plans and
goals, and involve known and unknown risks, uncertainties and other
factors that are difficult to predict and which may cause future
results, performance or achievements to differ. These risks,
uncertainties and other factors include factors described in our
news releases and filings with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the year
ended December 31, 2015, which has
been filed with the Securities and Exchange Commission.
Readers of this press release are cautioned to consider these risks
and uncertainties and not to place undue reliance on any
forward-looking statements. The Company does not undertake
any obligation to publicly update any forward-looking statement,
whether written or oral, relating to matters discussed in this
press release, except as may be required by applicable securities
laws.
Contact
City Office REIT, Inc.
Anthony Maretic, CFO
+1-604-806-3366
investorrelations@cityofficereit.com
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SOURCE City Office REIT, Inc.