Tricon has agreed not to declare its quarterly dividend while the transaction is pending, and says its dividend reinvestment plan will be suspended.
The companies expect the deal to close in the second quarter of this year, but warn the deal is subject to customary closing conditions and needs regulatory approval.
Tricon is an owner, operator and developer of about 38,000 single-family rental homes in the
This report by The Canadian Press was first published
Companies in this story: (TSX:TCN)
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