City Office REIT Preferreds: A Replacement For Cash In Your 401(k) (NYSE:CIO.PR.A)

On July 24, City Office REIT (NYSE: CIO) announced that it had entered into a Merger Agreement with MCME. While the Merger Agreement suspends dividends to common shareholders after the second quarter, the dividend on Series A Cumulative Preferred (Analyst’s Disclosure:I/we have a beneficial long position in the shares of CIO.PR.A either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than fro ...