Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 58

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 58
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, and to resolve to recommend that holders of Common Stock approve the Merger Proposal, the Board consulted with our senior management team, as well as our financial and legal advisors, and considered a number of factors, including the following factors (not necessarily in order of relative importance) that the Board viewed as being positive or favorable in coming to its determination and recommendation:

| • |     | the current and historical trading prices of our shares of Common Stock, and the fact that the Common Stock                                                                                                                               
 Merger Consideration of $7.00 per share in cash represents a premium of approximately 26.0% over the closing price of our Common Stock on July 23, 2025, the last full trading day prior to the announcement of the proposed transaction; |

| • |     | the Board’s belief that the Merger is more favorable to the Company’s stockholders than other                                                                                                                                                    
 strategic alternatives available to the Company, including, among other alternatives, remaining as an independent public company or liquidating, the feasibility of such alternatives in light of the Company’s outstanding indebtedness and the 
 scheduled maturities thereof, and the significant risks, uncertainties, longer potential timelines and costs associated with pursuing such alternatives, including                                                                               |

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| the likely costs and longer potential timeline associated with selling or otherwise disposing of individual assets and potentially liquidating the Company in connection therewith; |

| • |     | the fact that the Common Stock Merger Consideration is all cash, and therefore would provide holders of our                                                                                                                                            
 Common Stock with significant, immediate and certain value and liquidity upon the closing of the Merger, in comparison to the alternative strategic transactions the Board had considered in connection with attempting to improve the Company’s       
 public markets valuation or otherwise, including, among others, the possible transactions contemplated by Bidders B, C, D, F, G and H or allowing the Company to commence liquidation, and the risks and uncertainties, timelines and costs associated 
 with each such alternative;                                                                                                                                                                                                                            |

| • |     | the fact that the Common Stock Merger Consideration was the result of 
 arm’s-length negotiations;                                            |

| • |     | the Board’s belief that there exists a limited universe of potential third parties with the financial                                                                                                                                               
 ability to acquire the Company in light of the amount of cash required to acquire all of the Common Stock, and the fact that Bidder A, the one other party that the Board determined, after requesting and receiving the Financial Advisors’ advice 
 on the financial capabilities of other potential b