The Toronto Stock Exchange reports that Tricon Residential Inc. will be delisted at the close on May 2, 2024. According to the TSX, the delisting results from the acquisition of all of the issued and outstanding common shares of the company by way of a plan of arrangement by Creedence Acquisition ULC, a newly formed corporation controlled by Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust Inc. (BREIT). The arrangement was approved by shareholders at a meeting held on March 28, 2024.

The TSX reports that shareholders of the company (other than an affiliate of BREIT) will receive $11.25 (U.S.) per share in cash. To receive the consideration, shareholders must return the letter of transmittal together with share certificates or DRS advices, if applicable, to TSX Trust Company at its principal offices in Toronto.

For more information, see the company's management information circular dated Feb. 15, 2024, available on SEDAR+.