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City Office REIT Announces Tax Treatment of 2024 Distributions

1. City Office REIT announced tax treatment of 2024 distributions to shareholders. 2. Dividends include ordinary and Section 199A qualifying amounts. 3. Preferred Stock dividend distributions are significantly higher per share. 4. Shareholders should consult tax advisors for specific tax treatment. 5. Company focuses on acquiring and operating office properties in Sun Belt.

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FAQ

Why Neutral?

The announcement of distributions does not significantly alter investor expectations or market outlook.

How important is it?

The tax treatment of distributions is relevant for shareholder decision-making but not majorly impactful.

Why Short Term?

Tax treatment impacts immediate tax reporting but not long-term value.

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CIO
, /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("the Company"), today announced the tax treatment of its 2024 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 2024 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 Dividends Capital Gain Distributions Return of Capital Amount Qualifying as a Section 199A Dividend 01/10/2024 01/24/2024 $ 0.100 $ 0.008539 $ - $ - $ 0.091461 $ 0.008539 04/10/2024 04/24/2024 $ 0.100 $ 0.008539 $ - $ - $ 0.091461 $ 0.008539 07/10/2024 07/24/2024 $ 0.100 $ 0.008539 $ - $ - $ 0.091461 $ 0.008539 10/10/2024 10/24/2024 $ 0.100 $ 0.008539 $ - $ - $ 0.091461 $ 0.008539 Form 1099-DIV  Box 1a 1b 2a 3 5 The CUSIP number for the Company's Preferred Stock is 178587200. Record Date Payment Date Total Distribution per Share Ordinary Dividends Qualified Dividends Capital Gain Distributions Return of Capital Amount Qualifying as a Section 199A Dividend 01/10/2024 01/24/2024 $ 0.414063 $ 0.414063 $ - $ - $ - $ 0.414063 04/10/2024 04/24/2024 $ 0.414063 $ 0.414063 $ - $ - $ - $ 0.414063 07/10/2024 07/24/2024 $ 0.414063 $ 0.414063 $ - $ - $ - $ 0.414063 10/10/2024 10/24/2024 $ 0.414063 $ 0.414063 $ - $ - $ - $ 0.414063 Form 1099-DIV  Box 1a 1b 2a 3 5 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 "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, 2023, 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[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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