City Office REIT (CIO) Prices 6M Share Common Offering for Gross Proceeds of Approx. $83.1M
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City Office REIT Announces Pricing of Public Offering of Common Stock
October 2, 2019 9:32 PM EDTVANCOUVER--(BUSINESS WIRE)-- City Office REIT, Inc. (NYSE: CIO) (the Company or City Office) announced today that it has priced an underwritten public offering of 6,000,000 shares of its common stock for total gross proceeds of $83.1 million, before offering expenses.
The offering is expected to close on October 7, 2019, subject to the satisfaction of customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of common stock.
Including the issuance of 8,000,000 shares pursuant to the Companys at-the-market (ATM) program during the third quarter, the Company expects that... More
