Company: CIO
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000950170-25-023714
Chunk: 30

Company: City Office REIT, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 15
Chunk 30
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 on the consolidated balance sheets.During the year ended December 31, 2024, the Company declared the following distributions per share and unit: 

         Period
          
         Distributionper CommonShare/Unit

         Declaration Date
          
         Record Date
          
         Payment Date

         January 1, 2024 – March 31, 2024
          
         $
         0.10

         March 15, 2024
          
         April 10, 2024
          
         April 24, 2024

         April 1, 2024 – June 30, 2024

         0.10

         June 14, 2024
          
         July 10, 2024
          
         July 24, 2024

         July 1, 2024 – September 30, 2024

         0.10

         September 13, 2024
          
         October 10, 2024
          
         October 24, 2024

         October 1, 2024 – December 31, 2024

         0.10

         December 13, 2024
          
         January 9, 2025
          
         January 23, 2025

         Total
          
         $
         0.40

        Preferred Stock Distributions During the year ended December 31, 2024, the Company declared aggregate cash distributions to preferred stockholders of $7.4 million. The Company paid aggregate cash distributions of $7.4 million for the year ended December 31, 2024 and $1.9 million was payable as of December 31, 2024, which is included within in other liabilities on the consolidated balance sheets.Equity Incentive Plan The Company has an equity incentive plan (“Equity Incentive Plan”) for executive officers, directors and certain non-executive employees, and with approval of the Board of Directors, for subsidiaries and their respective affiliates. The Equity Incentive Plan provides for grants of restricted common stock, restricted stock units, phantom shares, stock options, dividend equivalent rights and other equity-based awards (including the grant of Operating Partnership long-term incentive plan units), subject to the total number of shares available for issuance under the plan. The Equity Incentive Plan is administered by the compensation committee of the Board of Directors (the “Compensation