Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 21

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 21
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ger Agreement. After the Merger Proposal has been approved by our stockholders and the other closing conditions under the Merger Agreement have been satisfied or waived,  
 the Company will be merged with and into Merger Sub, with Merger Sub continuing as the Surviving Entity and a wholly owned subsidiary of Parent. The Merger will occur at the time provided in the Merger Agreement. For additional information about the 
 Merger, please review the Merger Agreement attached to this proxy statement as Annex A and incorporated by reference into this proxy statement. We encourage you to read the Merger Agreement carefully and in its entirety, as it is the principal       
 document governing the Merger.                                                                                                                                                                                                                            |

| Q: | As a stockholder, what will I receive in the Merger? |

| A: | For each outstanding share of Common Stock that you own immediately prior to the Effective Time, you will 
 receive $7.00 in cash, without interest and less any applicable withholding taxes.                        |

| Q: | Will I receive any regular quarterly dividends with respect to the Common Stock that I own? |

| A: | Under the terms of the Merger Agreement, we may not authorize, declare or pay any dividends to the holders of                                                                                                                                          
 shares of our Common Stock without the prior written consent of Parent, other than dividends determined in good faith to be required to maintain our status as a REIT under the Code or to avoid the incurrence of entity-level income or excise taxes 
 under the Code (with any such additional required dividend resulting in a corresponding decrease to the Common Stock Merger Consideration).                                                                                                            |

| Q: | What will happen to the restricted stock units? |

| A: | Immediately prior to the Effective Time, each RSU Award that is outstanding immediately prior to the Effective                                                                                                                              
 Time, 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.                                                                                                                                               |

| Q: | What will happen to the performance stock units? |

| A: | Immediately prior to the Effective Time, each PSU Award that is outstanding immediately prior to the Effective                                                                                                                                          
 Time, whether vested or unvested, will automatically become fully vested with respect to a number of Common Stock underlying such PSU Award based on the actual level