Company: CIO
Filing Date: 2025-09-08
Form Type: DEFM14A
Source: 0001193125-25-198418
Chunk: 280

Company: City Office REIT, Inc.
Filing Date: 2025-09-08
Form: DEFM14A
Chunk 280
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 agreed to reimburse certain of our expenses and indemnify us for liabilities relating to or arising out of our engagement. We, as part of our investment banking business, are continually engaged in the valuation of businesses and their securities in connection with mergers and acquisitions, negotiated underwritings, competitive biddings, secondary distributions of listed and unlisted securities, private placements and valuations for corporate and other purposes. In the ordinary course of business, certain of our employees and affiliates, as well as investment funds in which they may have financial interests or with which they may co-invest,may acquire, hold or sell, long or short positions, or trade, in debt, equity, and other securities and financial instruments (including loans and other obligations) of, or investments in, the Company or any other party that may be involved in the Merger and their respective affiliates or any currency or commodity that may be involved in the Merger. During the two years preceding the date of this opinion, as disclosed to the Board, we and our affiliates have engaged in sales brokerage, consulting and financial advisory relationships with the Company or its affiliates for which we and our affiliates have received fees in connection with such services. During the two years preceding the date of this opinion, as disclosed to the Board, we and our affiliates have engaged in sales brokerage, consulting and financial advisory relationships with Parent or its affiliates for which we and our affiliates have received fees in connection with such services. Such relationships have included (i) arranging for placement of equity or debt financings on behalf of an affiliate of Parent, (ii) providing investment sales brokerage services to an affiliate of Parent, and (iii) providing investment advisory services on behalf of an affiliate of Parent, some of which have been completed and paid as of the date hereof and some of which are ongoing but unrelated to the Transaction. We and our affiliates may in the future provide financial advice and services to the Company, Parent or their respective affiliates for which we and our affiliates would expect to receive compensation. We provide a full range of financial advisory and securities services and, in the course of our normal trading activities, may from time to time effect transactions and hold securities, including, without limitation, derivative securities, of the Company or Parent for our own account and for the accounts of customers. Our opinion expressed herein is provided for the information and assistance of the Board in connection with its consideration of the Merger. In addition, our Opinion does not constitute a recommendation as to whether the Board should recommend or proceed with the Merger,