Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 59

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 59
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idders, to be the next most likely to be interested in acquiring the Company at an attractive valuation, had not secured the required financing to consummate the transaction;                    |

| • |     | the Board’s belief that there exists few other potential third parties with both interest in the office                                                                                                                                            
 sector with the locations and asset profiles of the Company’s assets and with the financial ability to acquire us in light of the amount of cash required to acquire all of the outstanding shares of our Common Stock and current capital markets 
 uncertainties;                                                                                                                                                                                                                                     |

| • |     | that a private company might be able to realize more value from the Company’s business than a public                                                                                                                                                     
 company and thereby pay a higher price to acquire the Company, including the ability of private companies to use higher leverage to pursue growth that is more accretive, to absorb near-term dilution from capital expenditures in favor of longer-term 
 growth, and to fund developments without having to rely on the volatility of equity capital markets;                                                                                                                                                     |

| • |     | the fact that we have a substantial amount of indebtedness outstanding which may affect our ability to raise debt                                                                                                                                       
 or equity on reasonable terms to refinance our indebtedness or secure financing on terms favorable to us, which could result in a default on our obligations and trigger cross default provisions that could result in a default on other indebtedness; |

| • |     | the systemic changes in the demand for office real estate resulting from many factors, including historical or                                                                          
 possible future public health events, such as the Covid pandemic, changes in tenant behavior resulting from the work-from-home trend, reduced office space utilization, elevated tenant |

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| downsizing and move-outs, and the impact of a future pandemic or epidemic outbreak, which have been and may continue to be significant, as well as future technology gains from artificial 
 intelligence, and could materially and adversely affect our financial condition, results of operations, cash flow, liquidity and performance and that of our tenants;                      |

| • |     | the risks and uncertainties of remaining as an independent public company, including the Company’s need to                                                                                                                                       
 raise capital to fund growth through the acquisition of additional properties, the difficulty and cost of obtaining capital and the challenges of acquiring office real estate assets on an accretive basis given the Company’s cost of capital, 
 particularly in an environment where other companies with lower costs of capital are seeking to significantly expand their portfolios of office real estate assets;                                                                              |

| • |     | our right to terminate the Merger Agreement