Tricon Residential Acquired by Blackstone Real Estate

Tricon Residential Inc. (TSE:TCN) has released an update.

Tricon Residential Inc. has been cleared by Investment Canada Act for its acquisition by Blackstone Real Estate at $11.25 per common share, with all necessary regulatory and shareholder approvals now in place. The deal, expected to close around May 1, 2024, will result in the delisting of Tricon’s shares from the NYSE and TSX, as well as the end of its status as a reporting issuer in Canada and its deregistration under the U.S. Exchange Act. Shareholders are provided instructions on how to submit their shares to receive transaction consideration.

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