 |
Quotes delayed 20 minutes
|
Strong Buy (3.50 out of 4)
66th percentile
|
|
|
 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Monday, January 27, 10:06 PM
Slide #163. 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 engaged in acquiring, owning and operating office properties located in the Southern and Western U.S. Co. owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, San Diego and Tampa. Preferred: CIO.PRA
 Open the CIO Page at Preferred Stock Channel »
| Name: |
City Office REIT Inc |
| Sector: |
REITs |
| Number of ETFs Holding CIO: |
20 (see which ones) |
| Total Market Value Held by ETFs: |
$97,236,386 |
| Total Market Capitalization: |
$746,000,000 |
| % of Market Cap. Held by ETFs: |
13.03% |
|
Open the CIO Page at Preferred Stock Channel (in a new window) »
|
|
