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TORONTO, June 22, 2020 /CNW/ - Tricon Capital Group
Inc. (TSX: TCN) ("Tricon" or the "Company", carrying on business as
Tricon Residential), a rental housing company catering to the
middle-market demographic throughout the
United States and Canada,
announced today that its board of directors has approved a minor
amendment to the Company's Second Amended and Restated Deferred
Share Unit Plan (the "DSU Plan") to address an issue raised
by Institutional Shareholder Services Inc. in the course of its
review of the matters to be considered at Tricon's Annual and
Special Meeting of Shareholders scheduled to be held virtually on
July 7, 2020 (the "Meeting"). The
board has approved this amendment with the goal of aligning the DSU
Plan with ISS recommendations. The amendment to the DSU Plan
reduces the maximum aggregate number of common shares reserved for
issuance under the DSU Plan from 11,238,104 common shares to
9,538,127 common shares. Shareholders may view a copy of the
updated DSU Plan proposed for approval at the Meeting under the
Company's profile on SEDAR (www.SEDAR.com).
All other matters to be considered at the Meeting remain
unchanged and are further described in the Company's Management
Information Circular dated May 19,
2020 available on SEDAR.
About Tricon
Founded in 1988, Tricon is a rental housing company catering to
the middle-market demographic throughout the United States and Canada. We own and manage over 30,000
single-family rental homes and multi-family rental units through an
integrated, technology-enabled operating platform. More information
about Tricon is available at www.triconresidential.com.
This press release contains forward-looking statements which
reflect the Company's current expectations regarding future events.
The forward- looking statements involve risks and uncertainties.
Actual results could differ materially from those projected herein.
The Company disclaims any obligation to update these
forward-looking statements.
SOURCE Tricon Capital Group Inc.