Columbia Property Trust (CXP) Declares $2.17 Special Dividend in Connection with PIMCO Merger

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Columbia Property Trust Announces Anticipated Closing Date of Pending Merger and Declares Special Dividend of $2.17 per share

November 29, 2021 4:15 PM EST

NEW YORK--(BUSINESS WIRE)-- Columbia Property Trust, Inc. (NYSE: CXP) today announced that it expects to complete its previously announced merger (the Merger) with affiliates of funds managed by Pacific Investment Management Company LLC (PIMCO) on or around December 8, 2021. The completion of the Merger remains subject to certain customary closing conditions, including, among other things, approval of the Merger by Columbia stockholders.

As previously disclosed, in connection with the Merger, Columbia has agreed, at the request of an affiliate of PIMCO, to declare a special cash dividend to holders of Columbia common stock, and the... More