/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
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TORONTO, July 7, 2020 /CNW/ - Tricon Residential Inc.,
formerly Tricon Capital Group Inc. ("Tricon" or the "Company")
(TSX: TCN), a rental housing company catering to the middle-market
demographic throughout the United
States and Canada, is
pleased to announce that it has received shareholder approval for
all resolutions voted upon at its annual and special meeting of
shareholders held virtually on July 7,
2020 (the "Meeting"). In particular, all nominees
listed in the Company's information circular dated May 19, 2020 were elected as directors of the
Company. The Company received proxies and virtual votes at the
Meeting for each of the nominees as follows:
Nominee
|
Votes
For
|
Votes
Withheld
|
Number
|
%
|
Number
|
%
|
David
Berman
|
122,322,887
|
98.30
|
2,113,899
|
1.70
|
J. Michael
Knowlton
|
122,271,952
|
98.26
|
2,164,834
|
1.74
|
Peter D.
Sacks
|
122,448,642
|
98.40
|
1,988,144
|
1.60
|
Siân M.
Matthews
|
114,082,005
|
91.68
|
10,354,781
|
8.32
|
Ira
Gluskin
|
124,180,638
|
99.79
|
256,148
|
0.21
|
Camille
Douglas
|
124,089,107
|
99.72
|
347,679
|
0.28
|
Tracy
Sherren
|
124,115,704
|
99.74
|
321,082
|
0.26
|
Gary
Berman
|
124,008,774
|
99.66
|
428,012
|
0.34
|
Geoff
Matus
|
124,059,513
|
99.70
|
377,273
|
0.30
|
In addition, Tricon reports that (i) the resolution approving
the appointment of PricewaterhouseCoopers LLP as Tricon's auditor,
(ii) the resolution to affirm, ratify and approve Tricon's Stock
Option Plan, (iii) the resolution to affirm, ratify and approve
Tricon's DSU Plan, and (iv) the special resolution approving the
amendment of the Company's articles to change the Company's name
from "Tricon Capital Group Inc." to "Tricon Residential Inc." were
each approved by the affirmative vote of 90.27%, 86.99%, 90.27% and
99.89%, respectively, of the votes represented at the Meeting.
Following the approval by shareholders of the change of name,
articles of amendment were filed by the Company, a copy of which is
available at www.sedar.com. The Company's common shares and
convertible debentures are expected to begin trading under the new
name on the Toronto Stock Exchange (the "TSX") within two to three
trading days. The common shares of the Company will continue to
trade under the TSX ticker symbol "TCN" and the convertible
debentures will continue to trade under the TSX ticker symbol
TCN.DB.U. Each existing certificate reflecting the prior name
of the Company will continue to represent a valid certificate until
such certificate is transferred, re-registered or otherwise
exchanged.
The Company's full report of voting results on matters presented
at the Meeting can be found at www.sedar.com.
About Tricon Residential Inc.
Founded in 1988, Tricon is a rental housing company catering to
the middle-market demographic throughout the United States and Canada. We own and
manage over 30,000 single-family rental homes and multi-family
rental units through an integrated, technology-enabled operating
platform. More information about Tricon is available at
www.triconresidential.com.
Forward-Looking Statements
This press release contains
forward-looking information within the meaning of applicable
Canadian securities legislation, including forward looking
statements and information concerning the date that the Company's
common shares will begin to trade on the TSX under the Company's
new name. Such forward-looking statements reflect the Company's
current beliefs and are based on information currently available to
management. Although the Company believes that the expectations and
assumptions on which such forward-looking statements and
information are based are reasonable, readers should not place
undue reliance on the forward looking statements and information
which is given as of the date hereof. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, unless required by applicable law.
SOURCE Tricon Capital Group Inc.