Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Cancel Anytime
Enjoy Unlimited Digital Access
Get full access to globeandmail.com
Just $1.99per week for the first 24weeks
Just $1.99per week for the first 24weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

City Office REIT Inc NYSE: CIO-N

Today's Change
Volume
Real-Time Last Update Last Sale Cboe BZX Real-Time

More stories below advertisement

City Office REIT Announces Tax Treatment of 2020 Distributions

BusinessWire - Mon Feb 1, 3:58PM CST

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           Ordinary      Qualified      Return of          Amount
                                           Distribution        Dividends   Dividends(1)      Capital       Qualifying as a
                                             per Share                                                      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           Ordinary      Qualified       Amount      
                                           Distribution        Dividends   Dividends(1)  Qualifying as a
                                             per Share                                    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    
----------------- -------------------- -------------------- ------------- ------------- ---------------

(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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210201005939/en/

SOURCE: City Office REIT, Inc.

City Office REIT, Inc.
Anthony Maretic, CFO
+1-604-806-3366
investorrelations@cioreit.com
comtex tracking

More stories below advertisement

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2021.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies