Company: CIO
Filing Date: 2025-09-08
Form Type: DEFM14A
Source: 0001193125-25-198418
Chunk: 71

Company: City Office REIT, Inc.
Filing Date: 2025-09-08
Form: DEFM14A
Chunk 71
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 business or prospects of the Company or any of its 45

subsidiaries since the dates on which the most recent financial statements or other information, financial or otherwise, relating to the Company or any of its subsidiaries, was made available to
JLL Securities that would be material to its analyses or its opinion, and that there was no information or any facts that would make any of the information reviewed by JLL Securities incomplete or misleading. JLL Securities also assumed, with the
Board’s consent, that the final executed Merger Agreement would not differ in any material respect from the draft Merger Agreement reviewed by JLL Securities, that the representations and warranties of each party set forth in the Merger
Agreement are true and correct, that each party to the Merger Agreement will perform all of the covenants and agreements required to be performed by it thereunder and that all conditions to the Merger set forth in the Merger Agreement will be timely
satisfied and not modified or waived and that the Merger will be consummated in accordance with the terms set forth in the Merger Agreement without modification, waiver or delay, except, in each case, as would not be material to JLL
Securities’ analyses. In addition, JLL Securities assumed, with the Board’s consent, that any governmental, regulatory or third-party consents, approvals or agreements necessary for the consummation of the Merger would be obtained
without any imposition of a delay, limitation, restriction or condition that would, in any respect material to its analyses, have an adverse effect on the Company or the contemplated benefits of the Merger.

JLL Securities’ opinion did not express any opinion as to the likely value of the Common Stock following announcement of the Merger, which may vary
depending on numerous factors that generally impact the price of securities or on the financial condition of the Company at that time. JLL Securities was not requested to, and did not, initiate or participate in any discussions or negotiations with,
or solicit any indications of interest from, third parties with respect to the Merger, the securities, assets, business or operations of the Company or any other party. JLL Securities’ opinion was necessarily based on financial, economic,
market and other conditions as in effect on, and the information made available to it as of, the date of its opinion. It should be understood that, although subsequent developments may affect JLL Securities’ opinion and the assumptions used in
preparing it, JLL Securities does not have any obligation to