City Office REIT Announces Tax Treatment of 2025 Distributions

City Office REIT (NYSE:CIO) disclosed the tax characterization of its 2025 distributions for common stock and 6.625% Series A cumulative preferred stock to assist shareholders with tax reporting.

Rhea-AI Summary

City Office REIT (NYSE:CIO) disclosed the tax characterization of its 2025 distributions for common stock and 6.625% Series A cumulative preferred stock to assist shareholders with tax reporting. For common shares, three 2025 payments (01/23, 04/24, 07/24) totaled $0.100 each, all reported as return of capital on the schedule provided. For preferred shares (CUSIP 178587200), four 2025 payments (01/23, 04/24, 07/24, 10/24) were $0.414063 each, all reported as return of capital. Shareholders are advised to review Forms 1099-DIV and consult tax advisors; the common stock CUSIP is 178587101.

Argus Jan 8 session

-0.14% close to close Open Argus

Details

News Market Reaction – CIO

On Jan 8, the first trading day after this news, CIO closed 0.14% below the previous close.

Data tracked by StockTitan Argus for the Jan 8 session.

Market Context

This announcement details how CIO’s 2025 common and 6.625% Series A preferred distributions are clas...

Analysis

This announcement details how CIO’s 2025 common and 6.625% Series A preferred distributions are classified for tax purposes, with each listed payment shown as return of capital. It serves to align shareholders’ Form 1099-DIV reporting with the company’s records. In the context of an approved cash merger at $7.00 per share and prior decisions to suspend common dividends, this update functions as compliance housekeeping rather than a new strategic development. Investors may track future filings and merger milestones for further changes.

Key Figures

Common distribution: $0.100 per share Preferred distribution: $0.414063 per share Common tax character: $0.100 return of capital +5 more

Common distribution

$0.100 per share

Common stock distributions on 01/23, 04/24 and 07/24/2025

Preferred distribution

$0.414063 per share

Series A preferred distributions on four 2025 payment dates

Common tax character

$0.100 return of capital

Each of three 2025 common distributions classified as return of capital

Preferred tax character

$0.414063 return of capital

Each of four 2025 preferred distributions classified as return of capital

Preferred coupon

6.625%

Series A Cumulative Redeemable Preferred Stock dividend rate

Current price

$7.00

Pre-news price, near 52-week high of $7.01

Price change

0.14%

1-day move prior to this tax-treatment disclosure

Market cap

$282,545,480

Equity value before publication of the tax announcement

Historical Context

5 past events · Latest: Oct 16

5 events

1. Oct 16

   Merger approval

   24h Move

   +0.0%

   Stockholders approved cash merger at $7.00 per share.

2. Oct 07

   Activist challenge

   24h Move

   +0.0%

   Oksenholt Capital opposed Elliott take-private and current leadership.

3. Sep 15

   Preferred dividend

   24h Move

   +0.0%

   Declared Q3 2025 dividend on 6.625% Series A preferred.

4. Aug 15

   Asset sale

   24h Move

   -0.3%

   Closed first phase of Phoenix portfolio sale for $266M.

5. Jul 31

   Earnings & merger

   24h Move

   +0.3%

   Reported Q2 results and definitive $7.00-per-share merger deal.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

cusip, ordinary dividends, qualified dividends, capital gain distributions, +4 more

8 terms

cusip financial

"The CUSIP number for the Company's common stock is 178587101."

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

ordinary dividends financial

"Total Distribution per Share | Ordinary Dividends | Qualified Dividends"

Ordinary dividends are regular cash payments a company makes to its shareholders from ongoing profits or retained earnings, paid per share on a scheduled basis rather than as a one‑time special payout. For investors they matter because they provide steady income, signal the company’s ability to generate cash, and affect total return and tax obligations — dividend amounts and consistency are often used to judge a stock’s income reliability.

qualified dividends financial

"Total Distribution per Share | Ordinary Dividends | Qualified Dividends"

Dividends that meet tax rules allowing them to be taxed at the lower long-term capital gains rates instead of higher ordinary income rates. For investors, that means more of the payment stays in your pocket; it influences which dividend-paying stocks you buy and how long you hold them, similar to getting a discount for meeting a store’s membership conditions.

capital gain distributions financial

"Qualified Dividends | Capital Gain Distributions | Return of Capital"

Payments a pooled investment (like a mutual fund or ETF) makes to its shareholders when the fund sells holdings for a profit and passes those profits along. Think of it as a group of owners selling an asset and handing out each person’s share of the proceeds; the payment lowers the fund’s per-share value but increases the investor’s cash or reinvested shares. It matters because these payments are typically taxable when received, so they affect an investor’s after-tax return even if reinvested.

return of capital financial

"Capital Gain Distributions | Return of Capital | Amount Qualifying"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

section 199a dividend financial

"Amount Qualifying as a Section 199A Dividend"

A section 199A dividend is a type of corporate payout that can qualify individual shareholders for a special U.S. tax break that reduces taxable income by up to 20% for certain pass-through earnings. For investors, it matters because the label affects after-tax returns and how dividends are reported on tax forms—think of it as a coupon that lowers the tax bill on part of the dividend, so identical cash payments can result in different take-home amounts depending on this classification.

form 1099-div regulatory

"Form 1099- DIV Box | | 1a | 1b | 2a | 3 | 5"

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

cumulative redeemable preferred stock financial

"6.625% Series A Cumulative Redeemable Preferred Stock ("Preferred Stock")."

Cumulative redeemable preferred stock is a type of investment that gives shareholders priority over common stockholders to receive dividends and get their money back if the company is sold or closes. If the company misses dividend payments, it must pay them later before any dividends can go to other shareholders. This makes it a more secure and flexible option for investors seeking steady income with some ability to redeem their shares in the future.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, Jan. 7, 2026 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("the Company"), today announced the tax treatment of its 2025 distributions to holders of the Company's common stock and 6.625% Series A Cumulative Redeemable Preferred Stock ("Preferred Stock").  The tax information provided below should not be construed as tax advice and shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of the Company's distributions. This information is being provided to assist shareholders with tax reporting requirements related to dividend distributions of taxable income by the Company. Shareholders should review their Forms 1099 as well as other 2025 tax statements that they will receive from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. 

The CUSIP number for the Company's common stock is 178587101.

Record Date	Payment Date	Total Distribution per Share	Ordinary Dividends	Qualified Dividends	Capital Gain Distributions	Return of Capital	Amount Qualifying as a Section 199A Dividend
01/09/2025	01/23/2025	$ 0.100	$ -	$ -	$ -	$ 0.100	$ -
04/10/2025	04/24/2025	$ 0.100	$ -	$ -	$ -	$ 0.100	$ -
07/10/2025	07/24/2025	$ 0.100	$ -	$ -	$ -	$ 0.100	$ -
Form 1099- DIV  Box			1a	1b	2a	3	5

The CUSIP number for the Company's Preferred Stock is 178587200.

Record Date	Payment Date	Total Distribution per Share	Ordinary Dividends	Qualified Dividends	Capital Gain Distributions	Return of Capital	Amount Qualifying as a Section 199A Dividend
01/09/2025	01/23/2025	$ 0.414063	$ -	$ -	$ -	$ 0.414063	$ -
04/10/2025	04/24/2025	$ 0.414063	$ -	$ -	$ -	$ 0.414063	$ -
07/10/2025	07/24/2025	$ 0.414063	$ -	$ -	$ -	$ 0.414063	$ -
10/10/2025	10/24/2025	$ 0.414063	$ -	$ -	$ -	$ 0.414063	$ -
Form 1099- DIV  Box			1a	1b	2a	3	5

About City Office REIT, Inc.

City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 4.2 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.

Forward-looking Statements

This press release contains "forward looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws.  All statements that are not statements of historical facts are, or may be deemed to be, forward looking statements.  Forward looking statements reflect our current expectations concerning future results, objectives, plans and goals, and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause future results, performance or achievements to differ.  These risks, uncertainties and other factors include factors described in our news releases and filings with the United States Securities and Exchange Commission (the "SEC"), including our Annual Report on Form 10-K for the year ended December 31, 2024, which has been filed with the SEC.  Readers of this press release are cautioned to consider these risks and uncertainties and not to place undue reliance on any forward-looking statements.  The Company does not undertake any obligation to update any forward-looking statement, whether written or oral, relating to matters discussed in this press release, except as may be required by applicable securities laws.

Contact

City Office REIT, Inc.
Anthony Maretic, CFO
+1-604-806-3366
investorrelations@cityofficereit.com

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SOURCE City Office REIT, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What tax treatment did City Office REIT (CIO) report for common stock distributions in 2025?

The company reported three 2025 common stock payments of $0.100 each, each classified as return of capital on the provided schedule.

How were City Office REIT 6.625% Series A preferred stock distributions taxed in 2025 (CIO preferred CUSIP 178587200)?

The company reported four 2025 preferred payments of $0.414063 each, each classified as return of capital on the provided schedule.

Which Form 1099 box should shareholders check for City Office REIT 2025 distributions (NYSE:CIO)?

The schedule maps to Form 1099-DIV boxes; the disclosure shows amounts under the Return of Capital (Box 3/Box 5 in the schedule) classification for both common and preferred payments.

What are the CUSIP numbers for City Office REIT common and preferred shares for 2025 tax reporting?

The common stock CUSIP is 178587101 and the preferred stock CUSIP is 178587200.

What should City Office REIT shareholders do if 2025 brokerage 1099s don’t match the company’s distribution schedule?

Shareholders should review their Forms 1099-DIV, compare them to the schedule, and consult their tax advisor or brokerage firm to resolve discrepancies.