City Office REIT Announces Share Repurchase Program
10 Marzo 2020 - 11:00AM
Business Wire
City Office REIT, Inc. (NYSE: CIO) (“City Office” or the
“Company”) announced today that its Board of Directors has approved
a share repurchase plan authorizing the Company to repurchase up to
$100 million of its outstanding shares of common stock.
Under the share repurchase program, the shares may be
repurchased from time to time using a variety of methods, which may
include open market transactions, privately negotiated transactions
or otherwise, all in accordance with the rules of the Securities
and Exchange Commission and other applicable legal
requirements.
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 5.8 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. These
forward-looking statements include, but are not limited to,
statements regarding repurchases of CIO's common stock. 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, the possibility that the repurchase
program may be suspended or discontinued at any time and the risk
factors set forth in CIO's Annual Report on Form 10-K for the year
ended December 31, 2019 and any 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200310005257/en/
City Office REIT, Inc. Anthony Maretic, CFO +1-604-806-3366
investorrelations@cityofficereit.com
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