Columbia Property Trust, Inc.

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September 7, 2021

Ademi LLP is investigating Columbia (NYSE: CXP), for possible breaches of fiduciary duty and other violations of law in its transaction with PIMCO.

Ademi LLP alleges Columbia’s financial outlook and prospects are excellent and yet Columbia shareholders will receive only $19.30 per share in cash. The merger agreement unreasonably limits competing bids for Columbia by prohibiting solicitation of further bids, and imposing a substantial penalty of $86 million if Columbia accepts a superior bid. Columbia insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Columbia’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Columbia.