Tricon Announces Voting Results from Annual and Special Meeting of Shareholders

Rhea-AI Summary

Tricon Residential Inc. announced shareholder approval for all resolutions during its annual meeting held on June 22, 2022. All proposed directors were elected, with over 98% voting in favor for each nominee. The company also confirmed the appointment of PricewaterhouseCoopers LLP as auditor, receiving 99.90% approval, and a 95.02% vote for the amendment of its shareholder rights plan. Tricon operates approximately 39,000 rental homes and apartments across the U.S. and Canada, focusing on enhancing resident experiences through a technology-driven platform.

Positive

• 100% approval for all nominees during the annual meeting.
• 99.90% approval for PricewaterhouseCoopers LLP as auditor.
• 95.02% approval for the amendment of the shareholder rights plan.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, is pleased to announce that it has received shareholder approval for all resolutions voted upon at its annual and special meeting of shareholders held virtually on June 22, 2022 (the “Meeting”). In particular, all nominees listed in the Company’s information circular dated May 10, 2022 (the “Circular”) were elected as directors of the Company. The Company received proxies and virtual votes at the Meeting for each of the nominees as follows:

Nominee	Votes For			Votes Withheld
	Number	%		Number	%
David Berman	215,211,317	98.86	%	2,483,559	1.14	%
J. Michael Knowlton	215,383,973	98.94	%	2,310,902	1.06	%
Peter D. Sacks	213,131,949	97.90	%	4,562,926	2.10	%
Siân M. Matthews	211,083,715	96.96	%	6,611,160	3.04	%
Ira Gluskin	217,530,618	99.93	%	164,257	0.07	%
Camille Douglas	217,577,413	99.95	%	117,462	0.05	%
Frank Cohen	216,149,341	99.29	%	1,545,535	0.71	%
Renee L. Glover	217,624,757	99.97	%	70,118	0.03	%
Gary Berman	217,050,387	99.70	%	644,488	0.30	%
Geoff Matus	216,719,992	99.55	%	974,883	0.45	%

In addition, Tricon reports that the appointment of PricewaterhouseCoopers LLP as Tricon’s auditor, and the resolution to continue, amend and restate Tricon’s shareholder rights plan, were approved by the affirmative vote of 99.90% and 95.02%, respectively, of the votes represented at the Meeting.

The Company’s full report of voting results on matters presented at the Meeting can be found at www.sedar.com.

About Tricon Residential Inc.

Tricon Residential Inc. is an owner and operator of a growing portfolio of approximately 39,000 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220622005963/en/

Wissam Francis

EVP & Chief Financial Officer

Email: investorsupport@triconresidential.com

Wojtek Nowak

Managing Director, Capital Markets

Source: Tricon Residential Inc.

FAQ

What resolutions did Tricon Residential Inc. shareholders approve on June 22, 2022?

Shareholders approved all resolutions, including the election of directors and the appointment of auditors.

What percentage of votes were in favor of the directors at Tricon's annual meeting?

Over 98% of votes were in favor of each director nominee.

Who was appointed as the auditor for Tricon Residential Inc.?

PricewaterhouseCoopers LLP was appointed as the auditor.

What is the stock symbol for Tricon Residential Inc.?

The stock symbol for Tricon Residential Inc. is TCN.

How many rental properties does Tricon Residential Inc. manage?

Tricon manages approximately 39,000 single-family rental homes and multi-family apartments.