Tricon’s private acquisition by Blackstone Real Estate approved by shareholders

Tricon Residential shareholders voted to approve the statutory plan of arrangement pursuant to which Blackstone Real Estate will acquire all of the outstanding common shares of Tricon for $11.25 per common share in cash. Of the votes cast, a total of 208,391,666 shares were voted in favor of approving the arrangement, approximately 99.3% of shareholder votes. Tricon intends to seek a final order from the Ontario Superior Court of Justice to approve the arrangement on April 5. Subject to the satisfaction or waiver of all of the conditions, the transaction is expected to be completed in Q2. Following completion, the common shares will be delisted from the NYSE and the TSX and the company will apply to cease to be a reporting issuer under applicable Canadian securities laws and will deregister the common shares under the U.S. Securities Exchange Act of 1934.