Tricon Announces Voting Results from Annual and Special Meeting of Shareholders

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES./

TORONTO, May 25, 2016 /CNW/ - Tricon Capital Group Inc. ("Tricon" or the "Company") (TSX: TCN), a principal investor and asset manager focused on the residential real estate industry, is pleased to announce that it has received shareholder approval for all resolutions voted upon at its annual and special meeting of shareholders held on May 25, 2016 (the "Meeting"). In particular, all nominees listed in the Company's information circular dated April 6, 2016 were elected as directors of the Company. The results of the voting for each nominee are as follows:

Nominee

Votes For

Votes Withheld

Number

%

Number

%

David Berman

73,900,009

94.69

4,146,734

5.31

Eric Duff Scott

76,682,982

98.25

1,363,761

1.75

J. Michael Knowlton

76,686,717

98.26

1,360,026

1.74

Peter D. Sacks

76,688,968

98.26

1,357,775

1.74

Sian M. Matthews

77,931,309

99.85

115,434

0.15

Gary Berman

74,667,003

95.67

3,379,740

4.33

Geoff Matus

67,070,974

85.94

10,975,769

14.06

 

In addition, Tricon reports that the appointment of PricewaterhouseCoopers LLP as Tricon's auditors and a resolution to continue, amend and restate Tricon's shareholder rights plan were approved by the affirmative vote of a majority of the votes represented at the Meeting.

About Tricon Capital Group Inc.

Tricon is a principal investor and asset manager focused on the residential real estate industry in North America with approximately $2.8 billion (C$3.6 billion) of assets under management. Tricon owns, or manages on behalf of third party investors, a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities, and multi-family development projects. Our business objective is to invest for investment income and capital appreciation through our Principal Investment business and to earn fee income through our Private Funds and Advisory business. Since its inception in 1988, Tricon has invested in real estate and development projects valued at approximately $17 billion. More information about Tricon is available at www.triconcapital.com.

SOURCE Tricon Capital Group Inc.

For further information: Wissam Francis, Chief Financial Officer, Tel: 416-323-2484, Email: wfrancis@triconcapital.com; Wojtek Nowak, Director, Corporate Finance and Investor Relations, Tel: 416-925-2409, Email: wnowak@triconcapital.com

RELATED LINKS
www.triconcapital.com

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