Company: CIO
Filing Date: 2025-09-08
Form Type: DEFM14A
Source: 0001193125-25-198418
Chunk: 106

Company: City Office REIT, Inc.
Filing Date: 2025-09-08
Form: DEFM14A
Chunk 106
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 than 50% in value of our stock at all times during the five-year period ending with the Effective Time. While we believe that we have been and currently are “domestically controlled” as of the date of this proxy statement, no assurances can be given that the actual ownership of our shares has been or will be sufficient for us to qualify as a “domestically controlled qualified investment entity” at the Effective Time. Income Tax Treaties If a non-U.S. holderis eligible for treaty benefits under an income tax treaty with the United States, the non-U.S. holdermay be able to reduce or eliminate certain of the U.S. federal income tax consequences discussed above, such as the branch profits tax. Non-U.S. holdersshould consult their tax advisor regarding possible relief under an applicable income tax treaty. U.S. Withholding Tax As described above, it is not entirely clear whether the receipt of the Common Stock Merger Consideration by a non-U.S. holderwill be treated as a sale or exchange of our Common Stock (in the event Notice 2007-55 doesnot apply) or as a distribution from us that is attributable to gain from the deemed sale of our United States real property interests in the Merger (in the event Notice 2007-55 doesnot apply). Accordingly, we intend to withhold U.S. federal income tax at a rate of 21% from the portion of the Common Stock Merger Consideration that is, or is treated as, attributable to gain from the sale of United States real property interests and paid to a non-U.S. holderunless such holder qualifies for the 10% exception described above. A non-U.S. holdermay be entitled to a refund or credit against the holder’s U.S. federal income tax liability, if any, with respect to any amount withheld pursuant to FIRPTA; provided, that the required information is furnished to the IRS on a timely basis. Non-U.S. holdersshould consult their tax advisors regarding withholding tax considerations. Information Reporting and Backup Withholding Backup withholding, currently at a rate of 24%, and information reporting may apply to the cash received pursuant to the exchange of our Common Stock in the Merger. Backup withholding will not apply, however, to a holder who:

| • |     | in the case of a U.S. holder, furnishes a correct taxpayer identification number and certifies that it is not 
 subject to backup withholding on an IRS Form W-9 or successor form;                                           |

| • |     |