Company: CIO
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000950170-25-023714
Chunk: 101

Company: City Office REIT, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 6
Chunk 101
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 a variety of methods, which may include open market transactions, privately negotiated transactions or otherwise, all in accordance with the rules of the SEC and other applicable legal requirements.Repurchased shares of common stock will be classified as authorized and unissued shares. The Company recognizes the cost of shares of common stock it repurchases, including direct costs incurred, as a reduction in stockholders’ equity. Such reductions of stockholders equity due to the repurchases of shares of common stock will be applied first, to reduce common stock in the amount of the par value associated with the shares of common stock repurchased and second, to reduce additional paid-in capital by the amount that the purchase price for the shares of common stock repurchased exceed the par value.There were no shares repurchased during the years ended December 31, 2024 and December 31, 2023. During the year ended December 31, 2022, the Company completed the repurchase of 4,006,897 shares of its common stock for approximately $50.0 million.   

 74

 Common Stock and Common Unit Distributions During the year ended December 31, 2024, the Company declared aggregate cash distributions to common stockholders and common unitholders of $16.1 million. The Company paid aggregate cash distributions of $16.0 million for the year ended December 31, 2024 and $4.0 million was payable as of December 31, 2024, which is included within other liabilities 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