Triton’s preference shares will remain outstanding post-acquisition

Chicago, Aug. 24 – Triton International Ltd.’s shareholders voted to approve the acquisition of the company by Brookfield Infrastructure Partners LP on Thursday at a special general meeting, according to a press release.

Upon closing, Triton’s common shares will be delisted from the New York Stock Exchange.

However, a special note was made in the press release that the company’s preference shares will remain outstanding.

The same dividends and other preferences and privileges will be available to shareholders, remaining an obligation of Triton.

The company expects to continue paying normal quarterly dividends on these shares. Triton expects that the preference shares will continue to be listed on the NYSE immediately following the closing.

The acquisition transaction is expected to close in the third quarter of 2023.

Triton is a Hamilton, Bermuda-based shipping container leasing company.

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