/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISTRIBUTION IN THE UNITED
STATES/
TORONTO, Aug. 18, 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 preliminary short form base shelf
prospectus with the securities commissions in each of the provinces
and territories of Canada.
Upon a final short form base shelf prospectus (the "Shelf
Prospectus") becoming effective, these filings will, subject to
securities regulatory requirements, allow the Company to 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 during the 25-month period
that the Shelf Prospectus is effective.
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 filing of
the Shelf Prospectus and the offering or sale of Securities
thereunder. 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.