Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 11

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 11
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 into a support agreement or any other matters. 4

For further information, see the section entitled “The Merger—Opinions of Our Financial
Advisors—Opinion of Raymond James” and Annex C.

Treatment of Common Stock, Preferred Stock and Compensatory Awards (page 70)

Common Stock

The Merger Agreement provides that, at the Effective Time, each share of our Common Stock issued and outstanding as of immediately prior to the Effective Time
(other than shares of Common Stock held by any subsidiary of the Company or by Parent or Merger Sub immediately prior to the Effective Time (collectively, the “Excluded Shares”)) will be automatically cancelled and extinguished and
automatically converted into the right to receive an amount in cash equal to $7.00 per share, without interest (such per share amount, the “Common Stock Merger Consideration”) and less any applicable withholding taxes. Excluded Shares
will be automatically cancelled and retired without any conversion thereof and will cease to exist with no consideration being paid with respect thereto in connection with, or as a consequence of, the Merger.

Preferred Stock

The Merger Agreement provides
that, immediately prior to the Effective Time, the Company will effect the redemption of all outstanding shares of the Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the “Preferred Stock”), at a redemption
price payable in cash, by or on behalf of the Company, in an amount equal to $25.00 per share of Preferred Stock plus accumulated, accrued and unpaid dividends thereon and less any applicable withholding taxes (the “Preferred Stock Merger
Consideration”). As of the Effective Time, the Preferred Stock will no longer be outstanding and all rights of the holders thereof will terminate, except for the right to receive the Preferred Stock Merger Consideration.

Restricted Stock Unit Awards

The Merger Agreement
provides that, immediately prior to the Effective Time, each outstanding award of restricted stock units of the Company (“RSU Award”), whether vested or unvested, will automatically become fully vested and be cancelled and converted
into the right to receive an amount in cash equal to (i) (A) the Common Stock Merger Consideration, multiplied by (B) the number of shares of Common Stock underlying such RSU Award, less (ii) any applicable withholding taxes.

Performance Stock Unit Awards

The Merger
Agreement provides that, immediately prior to the Effective Time, each outstanding award of performance stock units of