Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 9

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 9
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 of acceptance for record of the Articles of Merger (as defined in the Merger Agreement) with respect to the Merger by the State Department of Assessments and Taxation of Maryland, or such later date and time (not to exceed 30 days following such acceptance) as may be agreed upon by the parties to the Merger Agreement and specified in the Articles of Merger (the “Effective Time”). Recommendations of the Board of Directors (page 41) The Company’s board of directors (the “Board”) has unanimously:

| • |     | approved and declared advisable the Merger Agreement and the Merger and the other transactions contemplated 
 thereby;                                                                                                    |

| • |     | 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 the Company and our stockholders; and |

3

| • |     | recommended that you vote “FOR” the Merger Proposal, “FOR” the Advisory Compensation 
 Proposal and “FOR” the Adjournment Proposal.                                         |

Opinions of Our Financial Advisors (page 44) Opinion of JLL Securities The Board retained JLL Securities LaSalle Securities, LLC, an affiliate of JLL Securities LaSalle Americas, Inc., referred to as JLL Securities, to act as its financial advisor in connection with the transactions contemplated by the Merger Agreement. On July 23, 2025, JLL Securities orally rendered its opinion, which was subsequently confirmed in writing by delivery of JLL Securities’ written opinion addressed to the Board, dated July 23, 2025, that, as of such date, and based upon and subject to the assumptions and other relevant matters considered therein, the Common Stock Merger Consideration (as defined below) to be paid in the Merger to the holders of the Common Stock (other than shares of Common Stock held by any direct or indirect wholly owned subsidiary of Parent, Merger Sub or any wholly owned subsidiary of the Company immediately prior to the Effective Time) is fair, from a financial point of view, to such holders of Common Stock. JLL Securities’ opinion was directed to the Board (in its capacity as such) and only addressed the fairness, from a financial point of view, to the holders of shares of Common Stock of the Common Stock Merger Consideration to be paid in the Merger pursuant to the Merger Agreement and did not address any other aspect or implication of