City Office REIT Inc | 6.625% Series A Cumulative Redeemable Preferred Stock (CIO.PRA)
Prospectus excerpt: We are offering 4,000,000 shares of our 6.625% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share, or the Series A Preferred Stock. Dividends on the Series A Preferred Stock will be payable quarterly in arrears on or about the 25th day of January, April, July and October of each year. The dividend rate is 6.625% per annum of the $25.00 liquidation preference, which is equivalent to $1.65625 per share of Series A Preferred Stock. The first dividend on the Series A Preferred Stock sold in this offering will be paid on January 25, 2017, will cover the period from, but excluding, October 4, 2016 to, but excluding, January 25, 2017 and will be in the amount of $0.50608 per share.
City Office REIT is engaged in owning, operating and acquiring office properties located in the Southern and Western United States. Co. owns office complexes in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, San Diego, Seattle and Tampa.