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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum Tricon Residential Inc T.TCN

Tricon Residential Inc. is an owner, operator, and developer of a portfolio of approximately 38,000 single-family rental homes in the United States Sun Belt and multi-family apartments in Canada. The Company provides rental housing options for families across the United States and Canada through its technology-enabled operating platform and on-the-ground operating teams. The Company's segments... see more

TSX:TCN - Post Discussion

Tricon Residential Inc > At Last
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Post by retiredcf on Aug 27, 2020 9:42am

At Last

Someone with some real weight in the market has finally stepped forward and recognized what a bargain TCN is at this price. GLTA

Validation of Tricon's Business – The Investment demonstrates the financial strength of Tricon and that Blackstone Real Estate, a global leader in real estate investing, believes in the value and stability of Tricon's rental housing portfolio.

Exchangeable Preferred Issuance at Attractive Pricing – The exchange price of US$8.50 per share (approximately C$11.18) represents a 16% premium to Tricon's 30-day volume weighted average trading price ("VWAP") as of August 26, 2020 and is in line with the Company's reported IFRS book value per share as at Q2 2020.

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Tricon Residential Inc