Company: TRTN-PA
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001660734-25-000004
Chunk: 126

Company: Triton International Ltd
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 126
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 events, holders of preference shares may have the right to convert their preference shares into common shares. Specifically for Series E only, the Company may redeem the Series E Preference Shares if an a pplicable rating agency changes the methodology or criteria that were employed in assigning equity credit to securities similar to the Series E Preference Shares when originally issued, which either (a) shortens the period of time during which equity credit pertaining to the Series E Preference Shares would have been in effect had the methodology not been changed or (b) reduces the amount of equity credit as compared with the amount of equity credit that the rating agency had assigned to the Series E Preference Shares when originally issued.

Holders of preference shares generally have no voting rights. If the Company fails to pay dividends for six or more quarterly periods (whether or not consecutive), holders will be entitled to elect two additional directors to the Board of Directors and the size of the Board of Directors will be increased to accommodate such election. Such right to elect two directors will continue until such time as there are no accumulated and unpaid dividends in arrears.

Dividends

Dividends on shares of each Preference Series are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of March, June, September and December of each year, when, as and if declared by the Company's Board of Directors. Dividends will be payable equal to the stated rate per annum of the $ 25.00

The Company paid the following quarterly dividends on its issued and outstanding Series (in millions except for the per-share amounts):

              Year ended December 31,                                                                                           
                                 2024                                          2023                             2022            
  Series            Per Share Payment      Aggregate Payment      Per Share Payment                Per Share Payment            
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  A (1)                        $ 2.12                   $7.2                 $ 2.12       7.2                 $ 2.12       7.2  
  B                            $ 2.00                  $11.6                 $ 2.00      11.6                 $ 2.00      11.6  
  C (1)                        $ 1.84                  $12.8                 $ 1.84      12.8                 $ 1.84      12.8  
  D (1)                        $ 1.72                  $10