Company: CIO
Filing Date: 2025-09-08
Form Type: DEFM14A
Source: 0001193125-25-198418
Chunk: 61

Company: City Office REIT, Inc.
Filing Date: 2025-09-08
Form: DEFM14A
Chunk 61
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ger Consideration may not be as attractive as such future appreciation depending on the 
 Company’s future performance, and that the Company’s business plan is based, in part on projections for a number of variables that are difficult to                                                                                           |

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| project and subject to a high level of uncertainty and volatility, including real estate values, interest rates, ongoing operating costs and necessary capital expenditures; |

| • |     | the risk that an alternative transaction or different strategic alternative potentially could be more beneficial 
 to our stockholders than the Merger;                                                                             |

| • |     | the fact that the Merger might not be consummated in a timely manner or at all; |

| • |     | the restrictions on the conduct of our business prior to the completion of the Merger, which could delay or 
 prevent us from undertaking business opportunities that may arise pending completion of the Merger;         |

| • |     | the fact that, under the terms of the Merger Agreement, the Company is not permitted to make, declare or pay 
 regular quarterly cash dividends on Common Stock;                                                            |

| • |     | the fact that the receipt of the cash consideration in the Merger would be taxable to our stockholders for U.S. 
 federal income tax purposes;                                                                                    |

| • |     | the fact that, under Maryland law, our stockholders are not entitled to appraisal rights, dissenters’ 
 rights or similar rights of an objecting stockholder in connection with the Merger;                   |

| • |     | the risk that disruptions from the Merger (including the ability of certain counterparties to terminate or amend                                                                                                                    
 contracts upon a change of control) will harm (i) the Company’s business, including current plans and operations, including during the pendency of the Merger and (ii) the ability of the Company to retain and hire key personnel; |

| • |     | the potential adverse reactions or changes to business relationships resulting from the announcement or                                                                                                                                             
 completion of the Merger (or failure to complete the merger) and potential business uncertainty, including changes to existing business relationships, during the pendency of the Merger that could affect the Company’s financial performance; and |

| • |     | the significant costs involved in connection with entering into the Merger Agreement and completing the                                                                                                                                    
 transactions contemplated by the Merger Agreement and the substantial time and effort of management required to consummate the transactions contemplated by the Merger Agreement and related disruptions to the operation of our business. |

The Board concluded that