Tricon Residential Inc.

Equities

TCN

CA89612W1023

Real Estate Development & Operations

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-02 pm EDT			5-day change	1st Jan Change
15.34 ^CAD	-0.78%		-0.13%	+27.20%

May. 02	Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Capped Composite Index	CI
May. 02	Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Completion Index	CI

Tricon Residential Gets Final Regulatory Approval for Sale

April 25, 2024 at 08:42 am EDT

By Adriano Marchese

Tricon Residential said it has received regulatory approval for the sale of the business to Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust.

The Canadian property developer said Thursday it has received Investment Canada Act approval in connection to its plan of arrangement in which its shareholders will receive $11.25 a share.

The transaction has already received clearance under the Competition Act in Canada as well as shareholder approval. The parties have received a final order from the Ontario Superior Court of Justice approving the arrangement.

The transaction is expected to be completed on or around May 1.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

04-25-24 0838ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BLACKSTONE INC.	118 USD	-0.84%	-3.67%	85.22B
	TRICON RESIDENTIAL INC.	15.34 CAD	-0.78%	-0.13%	3.32B

Latest news about Tricon Residential Inc.

Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Capped Composite Index	May. 01	CI
Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Completion Index	May. 01	CI
Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Composite Index	May. 01	CI
Tricon Residential Inc.(TSX:TCN) dropped from S&P Global BMI Index	May. 01	CI
Blackstone Real Estate Partners X L.P., a fund managed by Blackstone Real Estate Advisors L.P., completed the acquisition of remaining 88.4% stake in Tricon Residential Inc..	Apr. 30	CI
Tricon Residential Brief: Announcing Receipt of Investment Canada Act Approval for Take Private by Blackstone Real Estate; No Further Regulatory or Shareholder Approvals Required	Apr. 25	MT
Tricon Residential Gets Final Regulatory Approval for Sale	Apr. 25	DJ
REITs Brief: Bloomberg Reporting That Ontario Teachers' Pension Plan Weighing $5 Billion Sale of Amica, a private provider of luxury seniors residences	Apr. 17	MT
TSX Brief: MT Canada Notices Trading Halt Placed on Tricon Residential Inc. Due To a "Single Stock Circuit Breaker", But It Was Down Less Than 1%	Apr. 12	MT
Tricon Residential Brief: Says Receiveed Final Court Approval for Take Private by Blackstone Real Estate	Apr. 05	MT
Tricon Residential Brief: Shareholders Approve Proposed Take Private by Blackstone Real Estate	Mar. 28	MT
Exxon Mobil Executive Reportedly Warns of Shrinking Gas Supply in Australia	Mar. 26	MT
Tricon Residential Brief: Releasing 2023 Annual Sustainability Report	Mar. 26	MT
Tricon Residential Brief: Independent Proxy Advisory Firms ISS and Glass Lewis Recommending Shareholders Vote FOR Arrangement Resolution Approving Transaction with Blackstone Real Estate	Mar. 18	MT
National Bank Reviews in-Line Q4 For Tricon Residential	Feb. 28	MT
Tricon Residential's Q4 Core FFO Down, Single-Family Rental Revenue Up	Feb. 28	MT
Tricon Residential Brief: Recently Announced Receipt Of Interim Order For Proposed Take Private By Blackstone Real Estate And Provided Details Of Special Meeting	Feb. 27	MT
Tricon Residential Brief: Net loss from continuing operations was US$35.5 million in Q4 2023; basic and diluted loss per share from continuing operations were both $0.14	Feb. 27	MT
Tricon Residential Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 27	CI
Tranche Update on Tricon Residential Inc.'s Equity Buyback Plan announced on October 13, 2022.	Feb. 26	CI
North American Morning Briefing : Earnings Back in Focus Ahead of Fed Minutes	Feb. 20	DJ
MT Newswires Canada Stocks To Watch: SSR Mining, Tricon Residential; Imperial Oil; FSD Pharma	Feb. 19	MT
Tricon Residential Shareholders To Vote On Blackstone's Takeover Deal	Feb. 16	DJ
Wolfe Research Downgrades Tricon Residential to Peer Perform From Outperform	Feb. 01	MT
Raymond James Downgrades Tricon Residential to Market Perform From Strong Buy	Jan. 22	MT

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Company Profile

Tricon Residential Inc. is an owner, operator, and developer of a portfolio of approximately 38,000 single-family rental homes in the United States Sun Belt and multi-family apartments in Canada. The Company provides rental housing options for families across the United States and Canada through its technology-enabled operating platform and on-the-ground operating teams. The Company's segments include Single-Family Rental, Adjacent Businesses, and Strategic Capital. The Single-Family Rental business includes owning and operating single-family rental homes primarily within major cities in the United States Sun Belt. Its Adjacent Businesses include multi-family rental and residential development. Its multi-family rental business segment includes one Class A high-rise property in downtown Toronto known as The Selby. Through its Strategic Capital business, the Company provides asset management, property management and development management services.

Sector

Real Estate Development & Operations

Calendar

2024-05-06 - Q1 2024 Earnings Release (Projected)

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Sector Residential Real Estate Development

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Residential Real Estate Development