Company: TRTN-PA
Filing Date: 2025-01-31
Form Type: 424B5
Source: 0001193125-25-018485
Chunk: 20

Company: Triton International Ltd
Filing Date: 2025-01-31
Form: 424B5
Chunk 20
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 Preference Shares will increase your reliance on the secondary market for liquidity purposes.

The Series F Preference Shares are a new issue of securities with no established trading market. In addition, since the securities have no
stated maturity date, investors seeking liquidity will be limited to selling their shares in the secondary market absent redemption by us. We intend to apply to list the Series F Preference Shares on the NYSE, but there can be no assurance that the
NYSE will accept the Series F Preference Shares for listing. Even if the Series F Preference Shares are approved for listing by the NYSE, an active trading market on the NYSE for the shares may not develop or, even if it develops, may not last, in
which case the trading price of the shares of Series F Preference Shares could be adversely affected and your ability to transfer your shares will be limited. If an active trading market does develop on the NYSE, our Series F Preference Shares may
trade at prices lower than the offering price. The trading price of our Series F Preference Shares will depend on many factors, including those described above under “Risk Factors – The price of our preference shares has been volatile and
may decrease regardless of our operating performance and the Series F Preference Shares are subject to the same risks.”

We have been
advised by the underwriters that they intend to make a market in the Series F Preference Shares pending any listing of the Series F Preference Shares on the NYSE, but they are not obligated to do so and may discontinue market-making at any time
without notice.

The Series F Preference Shares are expected to initially be rated below investment grade.

The Series F Preference Shares are expected to initially be rated below investment grade, and there can be no assurance that they will be rated
investment grade in the future or otherwise be upgraded. Further, the Series F Preference Shares may be subject to a higher risk of price volatility than similar, higher-rated securities. In addition, increases in leverage or deteriorating outlooks
for an issuer, or volatile markets, could lead to continued significant deterioration in market prices of below-investment grade rated securities, such as the Series F Preference Shares.

Ratings only reflect the views of the issuing rating agency or agencies and such ratings could at any time be revised downward, placed on a
watch list or withdrawn entirely at the discretion of the issuing rating agency. Further, a rating is not a recommendation to purchase, sell or hold any particular security, including the Series F Preference Shares. In addition, ratings do not
reflect market prices or suitability