Tricon Residential Inc. (TCN)

Review of Tricon Residential Inc.

MAY 30, 2024 - The acquisition of TCN by Blackstone was initially announced in mid-January 2024, where Blackstone made a cash offer of U$11.25 per TCN share. The acquisition was approved and closed on May 1, 2024, and trading was halted effective May 2, 2024. Due to the takeover by Blackstone, we are dropping coverage on Tricon Residential (TCN).

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Q: Hi there,
Part of the $11.25Us settlement for TCN is return of capital ($3.10). Do we have to adjust the ACB for this amount, or this is only wording ?

Read Answer Asked by Denise on May 15, 2024

Tricon Residential Inc. (TCN)

Q: I have held TCN and am waiting for the deal to close. Do you know the date of closure and when money should be deposited in accounts?

Read Answer Asked on May 02, 2024

Tricon Residential Inc. (TCN)

Q: I CURRENTLY HAVE 500 TCN SHARES IN MY TFSA IN CDN $
I HAVE REQUESTED TO HAVE THE BUY OUT BY BLACKSTONE PAID TO ME IN $US AND THEN WILL TRANSFER THEM OUT OF THE TFSA INTO MY NON REGUISTERED ACCOUNT.
QUESTION. IN JAN 2025 I INTEND TO REPLACE THE VALUE OF THE TCN SHARES BACK INTO MY TFSA. WHAT WILL BE THE VALUE THAT I CAN PUT BACK?

Read Answer Asked by John on April 22, 2024