City office reit announces dividend increase of 33.3%

Vancouver, dec. 17, 2021 /prnewswire/ -- city office reit, inc. (nyse: cio) ("city office" or the "company") announced today that its board of directors has authorized a 33.3% increase in the quarterly dividend, from $0.15 to $0.20 per share of common stock and common unit of partnership interest for the fourth quarter of 2021.   "through the execution of our capital recycling strategy, city office is positioned to increase the company's quarterly dividend level," commented john mclernon, chairman of the board of directors.
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