City Office REIT, Inc., a real estate company focused on high-quality office properties, has announced the authorization of quarterly dividends for the third quarter of 2023. The dividends include $0.10 per share of common stock and common unit of interest in the partnership, as well as a regular quarterly dividend of $0.4140625 per share of the Company’s 6.625% Series A Cumulative Redeemable Preferred Stock.
The dividends will be paid on October 24, 2023, to shareholders, preferred shareholders, and holders of partnership units. This announcement reflects City Office REIT’s commitment to providing returns to its shareholders.
Currently, City Office REIT owns or has controlling interests in 5.7 million square feet of office properties located primarily in Sun Belt markets. As a real estate investment trust (REIT) for federal tax purposes in the United States, City Office REIT is dedicated to acquiring, owning, and operating high-quality office properties.
While the dividend announcement is positive news for shareholders, it is important to note that forward-looking statements involve inherent risks and uncertainties. Future results may differ from management’s expectations, assumptions, and beliefs due to various factors. It is essential for investors to consider these factors before making investment decisions.
For more information about City Office REIT and its dividends, please contact Anthony Maretic, CFO, at +1-604-806-3366 or [email protected].
– City Office REIT, Inc.