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Slideshow 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


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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%
 

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