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City Office REIT Announces Dividends for First Quarter 2025

1. CIO announces a quarterly dividend of $0.10 per share for Q1 2025. 2. Preferred stockholders will receive $0.4140625 per share dividend. 3. Dividends payable on April 24, 2025, record date April 10, 2025. 4. CIO operates in Sun Belt markets with 5.4 million square feet of properties. 5. Company remains subject to risks outlined in its Annual Report.

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FAQ

Why Bullish?

The announcement of dividends indicates financial health, which tends to attract investors. Historically, strong dividends correlate with increased stock price performance in REITs.

How important is it?

Dividends are key for REIT investors; this announcement can enhance investor confidence and share value. Regular dividend payments signal stability, crucial for maintaining shareholder interest.

Why Short Term?

The dividend payment is immediate, potentially affecting the stock price before and after its issuance. Past announcements of dividends have led to quick changes in stock valuations.

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, /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the first quarter of 2025.   Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock.  The dividends will be payable on April 24, 2025 to all stockholders, preferred stockholders and operating partnership unitholders, as applicable, of record as of the close of business on April 10, 2025. About City Office REIT, Inc. City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.4 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 both historical and "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 "approximately," "anticipate," "assume," "believe," "budget," "contemplate," "continue," "could," "estimate," "expect," "future," "intend," "may," "outlook," "plan," "potential," "predict," "project," "seek," "should," "target," "will" and similar expressions, and variations or negatives of these words. 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, changes to CIO's expected liquidity position and the risk factors set forth in CIO's Annual Report on Form 10-K for the year ended December 31, 2024 and 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. ContactCity Office REIT, Inc.Anthony Maretic, CFO+1-604-806-3366[email protected] SOURCE City Office REIT, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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