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City Office REIT Announces Dividends for Second Quarter 2024
CIOCity Office REIT(CIO) Prnewswire·2024-06-14 20:05

Summary of Key Points Core Viewpoint - City Office REIT, Inc. has announced a quarterly dividend of 0.10pershareforthesecondquarterof2024,reflectingthecompany′songoingcommitmenttoreturningvaluetoitsshareholders[7].CompanyInformation−CityOfficeREITisaninternally−managedrealestateinvestmenttrust(REIT)focusedonacquiring,owning,andoperatinghigh−qualityofficeproperties,primarilyinSunBeltmarkets[8].−Thecompanycurrentlyownsorhasacontrollinginterestin5.7millionsquarefeetofofficeproperties[8].−TheBoardofDirectorshasalsoauthorizedaregularquarterlydividendof0.10 per share for the second quarter of 2024, reflecting the company's ongoing commitment to returning value to its shareholders [7]. Company Information - City Office REIT is an internally-managed real estate investment trust (REIT) focused on acquiring, owning, and operating high-quality office properties, primarily in Sun Belt markets [8]. - The company currently owns or has a controlling interest in 5.7 million square feet of office properties [8]. - The Board of Directors has also authorized a regular quarterly dividend of 0.4140625 per share for the 6.625% Series A Cumulative Redeemable Preferred Stock [4]. Dividend Payment Details - The dividends will be payable on July 24, 2024, to all stockholders, preferred stockholders, and operating partnership unitholders of record as of the close of business on July 10, 2024 [1].