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TORONTO, Feb. 4, 2014 /CNW/ - Tricon Capital Group (TSX:TCN) ("Tricon" or the "Company") announced today that Jonathan Ellenzweig has been promoted to
Managing Director and Craig Mode has been promoted to Director. Both
were previously Vice Presidents.
The Company also announced that Glenn Watchorn, the Co-Chief Operating
Officer of the Company, has resigned from Tricon effective immediately.
Mr. Watchorn's responsibilities will be assumed by other members of
senior management. The Board of Directors and management of Tricon wish
to thank Mr. Watchorn for his contribution to the Company over the
years and wish him success in his future endeavors.
About Tricon Capital Group Inc.
Founded in 1988, Tricon is one of North America's leading residential
real estate investment companies with approximately $1.8 billion of
assets under management and a portfolio of over 3,000 U.S.
single-family rental homes. Tricon provides financing to local
operators or developers in select markets in the United States and
Canada, with a primary focus on for-sale housing in growing markets.
Since inception, Tricon has invested in approximately 160 transactions
for development projects valued at more than $11 billion. More
information about Tricon is available at www.triconcapital.com.
This press release may contain forward-looking statements relating to
expected future events and financial and operating results and
projections of the Company, including statements regarding future
plans, objectives or economic performance that involve risks and
uncertainties. Forward-looking information and statements are based on
management's expectations, intentions and assumptions. If unknown risks
arise, or if any of the assumptions underlying the forward-looking
statements prove incorrect, actual results may differ materially from
management expectations as projected in such forward-looking
statements. Examples of such risks include, but are not limited to, the
risks disclosed in the Company's short form prospectus dated August 6,
2013 and the Company's annual information form for the year ended
December 31, 2012 dated March 12, 2013, and the risks described in the
Company's continuous disclosure materials from time-to-time, as
available on SEDAR at www.sedar.com. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, unless required by applicable law.
SOURCE: Tricon Capital Group Inc.
For further information:
Chief Financial Officer