Oksenholt Capital Criticizes City Office REIT's "Undervalued" Elliott Capital Proposal, Urges Leadership Change and Strategic Overhaul
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2025
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Source: Newsfilter
Concerns About Leadership and Performance: Oksenholt Capital Management's CEO, Jon Oksenholt, expressed serious concerns regarding City Office REIT's leadership and performance, particularly opposing a proposed merger with Elliott Capital, citing significant undervaluation and a lack of accountability from current management.
Proposed Restructuring Plan: Oksenholt Capital outlined a strategic plan to restore City Office REIT's value, including cost-cutting measures, enhancing operational efficiency, and the need for new independent directors and management to maximize shareholder value and improve the company's market position.
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About CIO
City Office REIT, Inc. is an internally managed real estate company. The Company is focused on acquiring, owning and operating office properties located predominantly in Sun Belt markets. The Company owns or has a controlling interest in 16 properties with a total area of approximately 4.2 million square feet of net rentable area (NRA) in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle and Tampa. The Company's office properties include 2525 McKinnon, The Terraces, Circle Point, Denver Tech, 1101 Greenwood, Fairwinds Tower, Florida Research Park, Pima Center, AmberGlen, Bloc 83, Mission City, Canyon Park Commons, Carillon Point, City Center, Intellicenter, and Park Tower.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
City Office REIT Announces 2025 Distribution Tax Treatment
- Distribution Tax Information: City Office REIT has announced the tax treatment for its 2025 distributions to common and preferred stockholders, ensuring shareholders are informed about tax reporting requirements to avoid investment decision impacts due to tax issues.
- Dividend Details: The common stock will have a distribution of $0.100 per share, while the preferred stock will distribute $0.414063 per share, with payment dates set for January 23, April 24, and July 24, 2025, ensuring timely returns for shareholders.
- Shareholder Advisory: The company advises shareholders to consult tax advisors to confirm the specific tax treatment of distributions, emphasizing the importance of tax compliance and aiming to enhance shareholder trust through transparency.
- Company Background: City Office REIT focuses on acquiring and operating office properties primarily in Sun Belt markets, currently owning or controlling 4.2 million square feet of office space, showcasing its strength in the real estate investment trust sector.
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City Office REIT Announces 2025 Distribution Tax Treatment
- Distribution Tax Information: City Office REIT has announced the tax treatment for its 2025 distributions to common and preferred stockholders, ensuring shareholders are informed about their tax reporting requirements for dividend distributions.
- Dividend Details: The common stock will have a distribution of $0.100 per share, while the preferred stock will distribute $0.414063 per share, with payment dates set for January 23, April 24, July 24, and October 24, 2025, ensuring timely returns for shareholders.
- Compliance Reminder: The company advises shareholders to review their 1099 forms and other tax statements to ensure consistency with the provided information, emphasizing the importance of compliance in tax reporting.
- Company Background: City Office REIT focuses on acquiring and operating office properties primarily in Sun Belt markets, currently owning or controlling 4.2 million square feet of office space, showcasing its strength in the real estate investment trust sector.
Continue Reading