Company: CIO
Filing Date: 2025-07-31
Form Type: DEFA14A
Source: 0001193125-25-169837
Chunk: 7

Company: City Office REIT, Inc.
Filing Date: 2025-07-31
Form: DEFA14A
Chunk 7
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 2025. The dividend was paid on July 24, 2025 to common stockholders and unitholders of record as of July 10, 2025.

On June 13, 2025, the Company’s Board of Directors approved and the Company declared a cash dividend of $0.4140625 per share of the
Company’s 6.625% Series A Preferred Stock (“Preferred Stock”) for the three months ended June 30, 2025. The dividend was paid on July 24, 2025 to preferred stockholders of record as of July 10, 2025.

City Office Board of Directors has resolved to suspend future quarterly common stock dividend payments through the expected close of the
Merger. City Office will continue to pay regular quarterly dividends on its Preferred Stock so long as such Preferred Stock remains outstanding.

Immediately prior to the closing of the Merger, the Company intends to redeem each share of the Company’s Preferred Stock for an amount
in cash equal to $25.00 per share of Preferred Stock, plus any accrued and unpaid distributions (whether or not declared), and subject to deduction for any required withholding tax.

2025 Outlook

In light of the previously
announced pending Merger, the Company will no longer provide guidance nor is it affirming past guidance.

Webcast and Conference Call Details

In light of the previously announced pending Merger, the Company will not host a conference call with analysts and investors to discuss its
second quarter 2025 results.

A supplemental financial information package has been posted on under the
“Investor Relations” section.

Non-GAAPFinancial Measures

Funds from Operations (“FFO”)– The National Association of Real Estate Investment Trusts (“NAREIT”) states FFO
should represent net income or loss (computed in accordance with GAAP) plus real estate related depreciation and amortization (excluding amortization of deferred financing costs) and after adjustments of unconsolidated partnerships and joint
ventures, gains or losses on the sale of property and impairments to real estate.

3

The Company uses FFO as a supplemental performance measure because the Company believes that
FFO is beneficial to investors as a starting point in measuring the Company’s operational performance. We also believe that, as a widely recognized measure of the performance of REITs, FFO will be used by investors as a basis to compare
the Company’s operating performance with that of other REITs.

However, because FFO excludes depreciation and amortization and