VANCOUVER, Jan. 30,
2023 /PRNewswire/ -- City Office REIT, Inc.
(NYSE: CIO) ("the Company"), today announced the tax treatment of
its 2022 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 2022 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 (1)
|
Capital Gain
Distributions (2)
|
Unrecaptured
Section 1250
Gain (3)
|
Section 897
Capital Gain (4)
|
Return of
Capital
|
Amount
Qualifying
as a Section
199A
Dividend
|
01/11/2022
|
01/25/2022
|
$ 0.200
|
$ 0.102810
|
$ 0.097190
|
$ 0.029355
|
$ 0.097190
|
$ -
|
$ 0.102810
|
04/08/2022
|
04/22/2022
|
$ 0.200
|
$ 0.102810
|
$ 0.097190
|
$ 0.029355
|
$ 0.097190
|
$ -
|
$ 0.102810
|
07/08/2022
|
07/22/2022
|
$ 0.200
|
$ 0.102810
|
$ 0.097190
|
$ 0.029355
|
$ 0.097190
|
$ -
|
$ 0.102810
|
10/07/2022
|
10/21/2022
|
$ 0.200
|
$ 0.102810
|
$ 0.097190
|
$ 0.029355
|
$ 0.097190
|
$ -
|
$ 0.102810
|
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 (1)
|
Capital Gain
Distributions (2)
|
Unrecaptured
Section 1250
Gain (3)
|
Section 897
Capital Gain (4)
|
Return of
Capital
|
Amount
Qualifying as a
Section 199A
Dividend
|
01/11/2022
|
01/25/2022
|
$ 0.414063
|
$ 0.212850
|
$ 0.201213
|
$ 0.060774
|
$ 0.201213
|
$ -
|
$ 0.212850
|
04/08/2022
|
04/22/2022
|
$ 0.414063
|
$ 0.212850
|
$ 0.201213
|
$ 0.060774
|
$ 0.201213
|
$ -
|
$ 0.212850
|
07/08/2022
|
07/22/2022
|
$ 0.414063
|
$ 0.212850
|
$ 0.201213
|
$ 0.060774
|
$ 0.201213
|
$ -
|
$ 0.212850
|
10/07/2022
|
10/21/2022
|
$ 0.414063
|
$ 0.212850
|
$ 0.201213
|
$ 0.060774
|
$ 0.201213
|
$ -
|
$ 0.212850
|
Form 1099-DIV
Box
|
|
|
1a
|
2a
|
2b
|
2f
|
3
|
5
|
|
|
(1)
|
For U.S. federal income
tax purposes, none of the Company's ordinary dividends are
characterized as qualified dividends.
|
(2)
|
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.
|
(3)
|
Unrecaptured Section
1250 gains are a subset of, and included in, the total capital gain
amount.
|
(4)
|
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 predominantly in Sun Belt markets. City Office
currently owns or has a controlling interest in 6.0 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,
2021, 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@cityofficereit.com
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SOURCE City Office REIT, Inc.