Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 61

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 61
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 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 the uncertainties, risks and potentially negative factors relevant to the merger were outweighed by the potential benefits. In addition, the Board was aware of and considered the fact that some of the Company’s directors and executive officers have interests in the Merger that are different from, or in addition to, the Company Stockholders generally, including those interests that are a result of employment and compensation arrangements with the Company. For more information, see “- Interests of Our Directors and Executive Officers in the Merger.” The foregoing discussion of the factors considered by the Board is not intended to be exhaustive, but rather includes the material factors considered by the Board. In reaching its decision to determine and declare the transactions contemplated by the Merger Agreement, including the Merger, to be advisable and in the best interests of the Company and our stockholders and to approve the execution, delivery and performance of the Merger Agreement and the consummation of the transactions contemplated thereby, and to resolve to recommend that the holders of Common Stock approve the Merger Proposal, the Board did not quantify or assign any relative weights to, and did not make specific assessments of, the factors considered, and individual directors may have given different weights to different factors. Rather, the Board based its decisions on the totality of the factors and information it considered. The Board did not reach any specific conclusion with respect to any of the factors or reasons considered. Moreover, each member of the Board applied his or her own personal business judgment to the process and may have given different weight to different factors. 40

The explanation of the factors and reasoning set forth above contain forward-looking statements and should
be read in conjunction with the section of this proxy statement entitled “Cautionary Statement Regarding Forward-Looking Statements.”

Recommendation of the Board

The Board has unanimously approved and declared advisable the Merger Agreement and the Merger and the other transactions contemplated thereby, and determined the Merger Agreement and the transactions contemplated by the Merger Agreement, including the Merger, on the terms and conditions of the Merger Agreement to be advisable and in the best interests of