City Office REIT (CIO) to Delist 6.625% Series A Preferred Stock from NYSE
Rhea-AI Filing Summary
City Office REIT, Inc. is having its 6.625% Series A Cumulative Redeemable Preferred Stock removed from listing and registration on the New York Stock Exchange. The exchange states that it has followed its own rules and the requirements of SEC Rule 12d2-2(b) to strike this class of securities from listing. The filing also notes that the issuer has complied with the exchange’s rules and SEC Rule 12d2-2(c) for the voluntary withdrawal of this preferred stock from listing and registration.
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Insights
City Office REIT’s Series A preferred shares are being delisted from the NYSE.
The document shows that the 6.625% Series A Cumulative Redeemable Preferred Stock of City Office REIT, Inc. will be removed from listing and registration on the New York Stock Exchange. The exchange certifies that it has complied with its own rules and SEC Rule 12d2-2(b) to strike this class of securities from listing.
It also notes that the issuer has followed the exchange’s rules and SEC Rule 12d2-2(c) for voluntary withdrawal of this preferred stock from listing and registration. Delisting typically means that future trading in this class will move off the major exchange, which can affect trading liquidity and pricing transparency for holders of the Series A preferred shares.
The filing is specific to this preferred stock class and does not address other securities of City Office REIT, Inc. The practical impact for investors in this Series A preferred will depend on where and how these shares are able to trade after removal from the NYSE.
FAQ
What did City Office REIT, Inc. (CIO) disclose in this Form 25 filing?
The filing states that the 6.625% Series A Cumulative Redeemable Preferred Stock of City Office REIT, Inc. will be removed from listing and registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934.
Which City Office REIT (CIO) security is being delisted from the NYSE?
The filing covers the 6.625% Series A Cumulative Redeemable Preferred Stock of City Office REIT, Inc., which is being struck from listing and registration on the New York Stock Exchange.
Is the delisting of City Office REIT’s Series A preferred stock voluntary?
The document notes that the issuer has complied with the exchange’s rules and the requirements of SEC Rule 12d2-2(c), which governs the voluntary withdrawal of a class of securities from listing and registration.
Who certified the removal of City Office REIT (CIO) preferred stock from the NYSE?
New York Stock Exchange LLC certified that it has reasonable grounds to believe it meets all the requirements for filing Form 25 and signed the notification through an authorized person.
Does this Form 25 affect all City Office REIT (CIO) securities?
No. The filing specifically refers to the 6.625% Series A Cumulative Redeemable Preferred Stock. It does not mention any other classes of securities of City Office REIT, Inc.
What SEC rules are cited for City Office REIT’s preferred stock delisting?
The filing references 17 CFR 240.12d2-2(b) for the exchange’s action to strike the class from listing and 17 CFR 240.12d2-2(c) for the issuer’s voluntary withdrawal from listing and registration.