Brief: Tricon Residential Inc Announces Dual Listing And IPO In The United States

Tricon Residential

05/10/2021 12:23

Oct 5 (Reuters) - Tricon Residential Inc  TCN.TO :
    * TRICON ANNOUNCES DUAL LISTING AND INITIAL PUBLIC OFFERING
IN THE
UNITED STATES
    * TRICON RESIDENTIAL INC - TOTAL OF ABOUT US$395 MILLION OF
COMMON
SHARES WILL BE OFFERED BY TRICON FOR SALE IN OFFERING AND
PRIVATE PLACEMENT
    * TRICON RESIDENTIAL - MORGAN STANLEY, RBC CAPITAL MARKETS,
CITIGROUP AND GOLDMAN SACHS & CO. LLC ARE ACTING AS JOINT
BOOK-RUNNING MANAGERS IN OFFERING
    * TRICON RESIDENTIAL INC - MORGAN STANLEY AND RBC CAPITAL
MARKETS
ARE ALSO ACTING AS REPRESENTATIVES OF UNDERWRITERS IN OFFERING
    * TRICON RESIDENTIAL INC - COMMON SHARES WILL CONTINUE TO
TRADE ON
TORONTO STOCK EXCHANGE UNDER SYMBOL "TCN"
    * TRICON RESIDENTIAL INC - IN CONNECTION WITH IPO IN UNITED
STATES, TRICON HAS FILED APPLICATION TO LIST COMMON SHARES ON
NYSE UNDER SYMBOL "TCN"
    * TRICON RESIDENTIAL - BLACKSTONE REAL ESTATE INVESTMENT
TRUST INC
HAS EXERCISED ITS PARTICIPATION RIGHT TO ACQUIRE ABOUT US$45
MILLION OF COMMON SHARES
    * TRICON RESIDENTIAL INC - FOLLOWING COMPLETION OF OFFERING,
PRIVATE PLACEMENT, BREIT'S EFFECTIVE OWNERSHIP INTEREST IN CO
WILL BE ABOUT 11.87%

Source text for Eikon:  ID:nCNWsMyJKa 
Further company coverage:  TCN.TO