VANCOUVER, Feb. 3, 2017 /PRNewswire/ -- City Office
REIT, Inc. (NYSE: CIO) ("the Company"), today announced the tax
treatment of its 2016 distributions to holders of the Company's
common stock. The tax information provided below should not
be construed as tax advice and shareholders are encouraged to
consult with their tax advisors as to their specific tax treatment
of the Company's distributions. This information is being provided
to assist shareholders with tax reporting requirements related to
dividend distributions of taxable income by the Company.
Shareholders should review their Forms 1099 as well as other 2016
tax statements that they will receive from their brokerage firms or
other institutions to ensure that the statements agree with the
information provided below.
The CUSIP number for the Company's common stock is
178587101.
Record
Date
|
Payment
Date
|
Total
Distribution
per Share
|
Ordinary
Dividends1
|
Capital Gain
Distributions
|
Return of
Capital
|
01/06/2016
|
01/20/2016
|
$ 0.235
|
$ 0.147919
|
$ -
|
$ 0.087081
|
04/05/2016
|
04/19/2016
|
$ 0.235
|
$ 0.147919
|
$ -
|
$ 0.087081
|
07/07/2016
|
07/21/2016
|
$ 0.235
|
$ 0.147919
|
$ -
|
$ 0.087081
|
10/11/2016
|
10/25/2016
|
$ 0.235
|
$ 0.147919
|
$ -
|
$ 0.087081
|
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 an interest
in 4.5 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 "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
statements include, but are not limited to, those pertaining to the
Company's expectations regarding growth, future reductions in
expenses and future management. 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
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.
1 For U.S. federal income tax purposes, none of the
Company's ordinary dividends are characterized as qualified
dividends.
Contact
City Office REIT, Inc.
Anthony Maretic, CFO
+1-604-806-3366
investorrelations@cityofficereit.com
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visit:http://www.prnewswire.com/news-releases/city-office-reit-announces-tax-treatment-of-2016-distributions-300402056.html
SOURCE City Office REIT, Inc.