CIO-PA (CIO-PA) — Current Report

Key Insights

• City Office REIT, Inc. has completed its merger with MCME Carell Holdings, LP, with MCME Carell Merger Sub, LLC surviving as a wholly owned subsidiary.
• The merger agreement resulted in the cancellation of all outstanding common stock, with shareholders receiving $7.00 per share, and the redemption of all outstanding Series A Preferred Stock at $25.00 per share plus accrued dividends.
• All outstanding equity awards, including RSUs and PSUs, were cancelled and converted into the right to receive cash payments based on the merger consideration.