/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISTRIBUTION IN THE UNITED
STATES./
TORONTO, Aug. 26, 2021 /CNW/ - Tricon Residential Inc.
("Tricon" or the "Company") (TSX: TCN), an owner and operator of
single-family rental homes and multi-family rental apartments in
the United States and Canada, announced today that it has filed and
obtained a receipt for a final short form base shelf prospectus
with the securities commissions in each of the provinces and
territories of Canada. The filing
is further to Tricon's filing of a preliminary short form base
shelf prospectus, announced August 18,
2021.
The final short form base shelf prospectus (the "Shelf
Prospectus") is effective for a 25-month period, during which time
the Company may, subject to securities regulatory requirements,
issue common shares, debt securities, subscription receipts,
warrants and units (the "Securities") in amounts, at prices and on
terms based on market conditions at the time of sale and set forth
in an accompanying shelf prospectus supplement ("Prospectus
Supplement"), for an aggregate offering amount of up to
C$1,500,000,000.
Each Prospectus Supplement will contain specific information
concerning the use of proceeds from that sale of Securities. There
is no certainty that any Securities will be offered or sold under
the Shelf Prospectus within the 25-month period that it is
effective.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any Securities in the United States or to, or for the account or
benefit of, U.S. persons. The Securities referred to in this press
release may not be offered or sold in the
United States absent registration or an applicable exemption
from registration. A copy of the preliminary short form base shelf
prospectus can be found on SEDAR at www.sedar.com.
About Tricon Residential Inc.
Tricon Residential is an owner and operator of a growing
portfolio of over 33,000 single-family rental homes and
multi-family rental apartments in the
United States and Canada
with a primary focus on the U.S. Sun Belt. Our commitment to
enriching the lives of our residents and local communities
underpins Tricon's culture and business philosophy. We strive to
continuously improve the resident experience through our
technology-enabled operating platform and innovative approach to
rental housing. At Tricon Residential, we imagine a world where
housing unlocks life's potential. For more information visit
www.triconresidential.com.
Certain statements contained in this news release are
forward-looking statements and are provided for the purpose of
presenting information about management's current expectations and
plans relating to the future. Readers are cautioned that such
statements may not be appropriate for other purposes. These
forward-looking statements include statements about the offering or
sale of Securities under the Shelf Prospectus. In some cases
forward-looking information can be identified by such terms as
"will", "would", "anticipate", "anticipated", "expect" and
"expected". The forward-looking statements in this news release are
based on certain assumptions, including assumptions with respect to
the offering or sale of Securities pursuant to the Shelf Prospectus
and the impact of COVID-19 on the Company's operations, business
and financial results. Such statements are subject to significant
known and unknown risks, uncertainties and other factors that may
cause actual results or events to differ materially from those
expressed or implied by such statements and, accordingly, should
not be read as guarantees of future performance or results and will
not necessarily be accurate indications of whether or not such
results will be achieved. Such risks include the risks described in
the Company's current annual information form and interim
management's discussion and analysis, available on SEDAR at
www.sedar.com, which risks may be dependent on market factors and
not entirely within the Company's control. Although management
believes that it has a reasonable basis for the expectations
reflected in these forward-looking statements, actual results may
differ from those suggested by the forward-looking statements for
various reasons. These forward-looking statements reflect current
expectations of the Company as at the date of this news release and
speak only as at the date of this news release. The Company does
not undertake any obligation to publicly update or revise any
forward-looking statements except as may be required by applicable
law.
SOURCE Tricon Residential Inc.