City Office REIT’s Distribution Overview
City Office REIT, Inc. (CIO) announced important tax treatment information regarding its distributions for 2024. The company is committed to providing shareholders with the necessary details to facilitate accurate tax reporting. Understanding how these distributions are classified affects shareholders' financial planning and tax liabilities.
Distribution Details
The distributions apply to both common stock and the 6.625% Series A Cumulative Redeemable Preferred Stock, often referred to simply as Preferred Stock. Shareholders should remember that the tax information enclosed is not tax advice. It is essential for them to seek guidance from their tax advisors for clarity on their distinct tax situations.
Critical Dates for Distributions
To ensure that shareholders are aware of their distribution schedules, key record and payment dates have been established:
Common Stock Schedule
Record Date: 01/10/2024
Payment Date: 01/24/2024
Total Distribution per Share: $0.100
Preferred Stock Schedule
Record Date: 01/10/2024
Payment Date: 01/24/2024
Total Distribution per Share: $0.414063
Understanding Distribution Classifications
Company distributions can take various forms, including ordinary dividends, capital gains distributions, and return of capital. Here’s how City Office REIT’s distributions classify:
Distribution Breakdown
- Ordinary Dividend: $0.008539
- Qualified Dividend: $0.000000
- Capital Gain Distribution: $0.000000
- Return of Capital: $0.008539
- Section 199A Dividend: $0.091461
About City Office REIT
City Office REIT is a dedicated real estate investment trust that primarily focuses on acquiring and managing office properties mainly located in fast-growing Sun Belt markets. With over 5.4 million square feet under management, the company has actively pursued a strategy that not only enhances value for shareholders but also contributes to the overall economic growth of the regions it operates in.
Contact Information
For further inquiries regarding distributions or tax implications, shareholders may contact:
Anthony Maretic
CFO, City Office REIT, Inc.
Phone: +1-604-806-3366
Email: investorrelations@cityofficereit.com
Frequently Asked Questions
What are the key details of City Office REIT’s distributions?
City Office REIT announced distributions for both common and preferred stocks for 2024. The payments are set to provide essential income to shareholders.
When are the record and payment dates for the distributions?
The record date for both common and preferred stocks is January 10, 2024, with payment scheduled for January 24, 2024.
What types of distributions does City Office REIT offer?
The distributions include ordinary dividends, which are classified differently for tax purposes, impacting shareholders' income reporting.
How can shareholders find more information about their tax obligations?
Shareholders are highly encouraged to consult with their tax advisors to navigate their specific tax circumstances effectively.
Who can shareholders contact for more information about the distributions?
For inquiries, Anthony Maretic, CFO, is available at +1-604-806-3366 or via email at investorrelations@cityofficereit.com.
