PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 3:49 PM
| This Slide: #292 of 609 |
Slide #292. City Office REIT, Inc. — Preferred Stock Offering
Company:
City Office REIT, Inc. (NYSE:CIO)
Date announced:
9/27/2016
Shares Offered:
4,000,000
Date of Pricing:
9/27/2016
Price Per Share:
$25.00
Preferred Stock Offering Details:
City Office REIT, Inc. (NYSE: CIO) (the "Company") announced today the pricing of its upsized underwritten public offering of 4,000,000 shares of its 6.625% Series A Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share, for gross proceeds of $100,000,000 before deducting underwriting discounts and commissions and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of Series A Preferred Stock to cover overallotments, if any. The Company intends to apply to list the Series A Preferred Stock on the NYSE under the symbol "CIO PRA." The offering is expected to close on or about October 4, 2016, subject to customary closing conditions.
City Office REIT is a holding company. Through its subsidiaries, Co. is engaged in owning, operating and acquiring office properties located in the Southern and Western U.S. Co. owns several office complexes comprised of various office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle and Tampa.
Preferred: CIO.PRA
Open the CIO Page at Preferred Stock Channel »
|
||||||||||||||||||
|
|
Open the CIO Page at Preferred Stock Channel (in a new window) »
 Free CIO Email Alerts:
Get Dividend Alerts 
Get SEC Filing Alerts
|
Avg. Broker Rec.
 
|
Buy (3.00 out of 4) 37th percentile
(ranked lower than approx. 63% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
|
|
