Mr. David Berman reports

TRICON ANNOUNCES VOTING RESULTS FROM ANNUAL MEETING OF SHAREHOLDERS

Tricon Residential Inc. has received shareholder approval for all resolutions voted upon at its annual meeting of shareholders held virtually on June 21, 2023. In particular, all nominees listed in the company's information circular dated May 9, 2023, were elected as directors of the company. The company received proxies and virtual votes at the meeting for each of the nominees as shown in the attached table.

In addition, Tricon reports that the appointment of PricewaterhouseCoopers LLP as Tricon's auditor was approved by the affirmative vote of 99.77 per cent of the votes represented at the meeting.

The company's full report of voting results on matters presented at the meeting can be found on SEDAR and EDGAR.

About Tricon Residential Inc.

Tricon Residential is an owner and operator of a growing portfolio of approximately 37,000 single-family rental homes in the U.S. Sun Belt and multifamily apartments in Canada. The company's commitment to enriching the lives of its employees, residents and local communities underpins Tricon's culture and business philosophy. Tricon provides high-quality rental housing options for families across the United States and Canada through its technology-enabled operating platform and dedicated on-the-ground operating teams. Tricon's development programs are also delivering thousands of new rental homes and apartments as part of its commitment to help solve the housing supply shortage. Tricon imagines a world where housing unlocks life's potential.

We seek Safe Harbor.