City Office REIT Announces Tax Treatment of 2020 Distributions
01 Febbraio 2021 - 10:58PM
Business Wire
City Office REIT, Inc. (NYSE: CIO) (“the Company”), today
announced the tax treatment of its 2020 distributions to holders of
the Company’s common stock and 6.625% Series A Cumulative
Redeemable Preferred Stock (“Preferred 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 2020 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 Dividends
Qualified Dividends1
Return of Capital
Amount Qualifying as a Section
199A Dividend
01/10/2020
01/24/2020
$ 0.235
$ 0.189706
$ 0.007375
$ 0.045294
$ 0.182331
04/09/2020
04/24/2020
$ 0.150
$ 0.121089
$ 0.004708
$ 0.028911
$ 0.116381
07/10/2020
07/24/2020
$ 0.150
$ 0.121089
$ 0.004708
$ 0.028911
$ 0.116381
10/08/2020
10/22/2020
$ 0.150
$ 0.121089
$ 0.004708
$ 0.028911
$ 0.116381
Form 1099-DIV Box
1a
1b
3
5
The CUSIP number for the
Company’s Preferred Stock is 178587200.
Record Date
Payment Date
Total Distribution per Share
Ordinary Dividends
Qualified Dividends1
Amount Qualifying as a Section
199A Dividend
01/10/2020
01/24/2020
$ 0.414063
$ 0.414063
$ 0.016099
$ 0.397964
04/09/2020
04/24/2020
$ 0.414063
$ 0.414063
$ 0.016099
$ 0.397964
07/10/2020
07/24/2020
$ 0.414063
$ 0.414063
$ 0.016099
$ 0.397964
10/08/2020
10/22/2020
$ 0.414063
$ 0.414063
$ 0.016099
$ 0.397964
Form 1099-DIV Box
1a
1b
5
1 Qualified Dividends (Box 1b) are a subset of, and are included
in, the total Ordinary Dividends reported in Box 1a.
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 5.8 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 United States Securities and
Exchange Commission (the “SEC”), including our Annual Report on
Form 10-K for the year ended December 31, 2019, which has been
filed with the SEC. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210201005939/en/
City Office REIT, Inc. Anthony Maretic, CFO +1-604-806-3366
investorrelations@cioreit.com
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