VANCOUVER, Feb. 2, 2022 /PRNewswire/ -- City Office REIT,
Inc. (NYSE: CIO) ("the Company"), today announced the tax treatment
of its 2021 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 2021
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
|
Capital Gain
Distributions (1)
|
Unrecaptured
Section
1250 Gain (2)
|
Section 897
Capital Gain (3)
|
Return of
Capital
|
Amount Qualifying
as a Section 199A
Dividend
|
|
01/11/2021
|
01/25/2021
|
$ 0.150
|
$ -
|
$ 0.150
|
$ 0.026392
|
$ 0.150
|
$ -
|
$ -
|
|
04/09/2021
|
04/23/2021
|
$ 0.150
|
$ -
|
$ 0.150
|
$ 0.026392
|
$ 0.150
|
$ -
|
$ -
|
|
07/09/2021
|
07/23/2021
|
$ 0.150
|
$ -
|
$ 0.150
|
$ 0.026392
|
$ 0.150
|
$ -
|
$ -
|
|
10/08/2021
|
10/22/2021
|
$ 0.150
|
$ -
|
$ 0.150
|
$ 0.026392
|
$ 0.150
|
$ -
|
$ -
|
|
Form 1099-DIV
Box
|
|
|
1a
|
2a
|
2b
|
2f
|
3
|
5
|
The CUSIP number for the Company's Preferred Stock is
178587200.
|
Record
Date
|
Payment
Date
|
Total
Distribution
per Share
|
Ordinary
Dividends
|
Capital Gain
Distributions (1)
|
Unrecaptured
Section
1250 Gain (2)
|
Section 897
Capital Gain (3)
|
Return of
Capital
|
Amount Qualifying
as a Section 199A
Dividend
|
|
01/11/2021
|
01/25/2021
|
$ 0.414063
|
$ -
|
$ 0.414063
|
$ 0.072852
|
$ 0.414063
|
$ -
|
$ -
|
|
04/09/2021
|
04/23/2021
|
$ 0.414063
|
$ -
|
$ 0.414063
|
$ 0.072852
|
$ 0.414063
|
$ -
|
$ -
|
|
07/09/2021
|
07/23/2021
|
$ 0.414063
|
$ -
|
$ 0.414063
|
$ 0.072852
|
$ 0.414063
|
$ -
|
$ -
|
|
10/08/2021
|
10/22/2021
|
$ 0.414063
|
$ -
|
$ 0.414063
|
$ 0.072852
|
$ 0.414063
|
$ -
|
$ -
|
|
Form 1099-DIV
Box
|
|
|
1a
|
2a
|
2b
|
2f
|
3
|
5
|
|
|
|
(1)
|
For purposes of
Section 1061 and Treasury Regulation §1.1061-6(c), the aggregate
"One Year Amounts Disclosure" and "Three Year Amounts Disclosure"
are $0 (0% of Box 2a) per share and $0 (0% of Box 2a) per share,
respectively. Such additional information generally pertains to
shares held through "applicable partnership interests" subject to
Section 1061.
|
|
(2)
|
Unrecaptured Section
1250 gains are a subset of, and included in, the total capital gain
amount.
|
|
(3)
|
These amounts reflect
a distribution's composition of gains from the disposition of
"United States real property interests" under Section
897. Generally, such information is relevant only to non-U.S.
shareholders that own more than 10% of the Company's stock, as
determined for purposes of Section 897, and certain entities
through which non-U.S. shareholders own the Company's
stock.
|
|
|
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 6.2 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,
2020, 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.
Contact
City Office REIT, Inc.
Anthony Maretic, CFO
+1-604-806-3366
investorrelations@cioreit.com
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SOURCE City Office REIT, Inc.