Edition:
United Kingdom

Tricon To Acquire U.S. Multi-Family Portfolio For About $1.4 Bln


Tuesday, 2 Apr 2019 

April 2 (Reuters) - Tricon Capital Group Inc ::TRICON TO ACQUIRE ~7,300 UNIT, 2012 VINTAGE U.S. MULTI-FAMILY PORTFOLIO FOR APPROXIMATELY $1.4 BILLION.TRICON CAPITAL GROUP INC - TRICON WILL ALSO INDIRECTLY ASSUME APPROXIMATELY $916 MILLION OF FUND'S EXISTING DEBT FROM DEAL.TRICON CAPITAL GROUP - DEAL TO BE FUNDED BY ISSUING 50.8 MILLION TRICON SHARES TO FUND'S UNITHOLDERS AT AN IMPLIED PRICE OF C$13.10 PER TRICON SHARE.TRICON CAPITAL GROUP INC - TRANSACTION HAS RECEIVED UNANIMOUS APPROVAL FROM BOARD OF DIRECTORS OF EACH OF TRICON AND FUND'S GENERAL PARTNER.TRICON CAPITAL GROUP - WILL ACQUIRE ALL OF ISSUED & OUTSTANDING LIMITED PARTNERSHIP UNITS OF STARLIGHT U.S. MULTI-FAMILY (NO. 5) CORE FUND.TRICON CAPITAL GROUP INC - TRANSACTION INCLUDES EQUITY CONSIDERATION OF APPROXIMATELY $496 MILLION. 

Company Quote

10.48
-0.07 -0.66%
17 May 2019