The Ontario Securities Commission (OSC) granted consent to Tricon Residential Inc. to continue as a corporation under the Business Corporations Act (British Columbia) (BCBCA) pursuant to section 181 of the Business Corporations Act (Ontario) (OBCA). This decision follows Tricon’s acquisition by Creedence Acquisition ULC, a British Columbia entity, under a court-approved arrangement. The arrangement was overwhelmingly approved by Tricon’s shareholders, and no dissent rights were exercised. Post-acquisition, Tricon plans to delist from the Toronto Stock Exchange and New York Stock Exchange, cease being a reporting issuer, and undergo restructuring, including the continuance under the BCBCA. The OSC found that the continuance would not prejudice the public interest, and Tricon is in compliance with relevant laws and regulations.
