Company: TRTN-PA
Filing Date: 2025-01-31
Form Type: 424B5
Source: 0001193125-25-018485
Chunk: 46

Company: Triton International Ltd
Filing Date: 2025-01-31
Form: 424B5
Chunk 46
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 subject to the PFIC rules discussed below, a
U.S. Holder will generally recognize taxable gain or loss on the sale, exchange or other taxable disposition of a Series F Preference Share in an amount equal to the difference between the amount realized on the sale, exchange or other taxable
disposition and the holder’s tax basis in the Series F Preference Share. Gain or loss, if any, will generally be U.S. source income for foreign tax credit limitation purposes.

Gain or loss realized on the sale, exchange or other taxable disposition of a Series F Preference Share generally will be capital gain or loss
and will be long-term capital gain or loss if the Series F Preference Share has been held for more than one year. Non-corporate U.S. Holders may be eligible for preferential rates of U.S. taxation in respect
of long-term capital gains. A U.S. Holder’s ability to deduct capital losses is subject to certain limitations.

Redemption of Series F Preference Shares

Subject to the discussion herein relating to the application of the PFIC rules, under Section 302 of the
Code, a redemption of the Series F Preference Shares will be treated as a dividend to the extent of Triton’s current and accumulated earnings and profits, unless such redemption satisfies the tests set forth under Section 302(b) of the
Code, which would treat the redemption as a sale or exchange subject to taxation as described above under “Sale,

S-29

Exchange or Other Taxable Disposition” in this prospectus supplement. A redemption will be treated as a sale or exchange if: (i) it is “substantially disproportionate,” (ii)
constitutes a “complete termination of the holder’s stock interest” in us, or (iii) is “not essentially equivalent to a dividend,” each within the meaning of Section 302(b) of the Code. In determining whether any
of these tests are satisfied, shares considered to be owned by a U.S. Holder by reason of certain constructive ownership rules set forth in the Code, as well as shares actually owned, must generally be taken into account. Because the determination
as to whether any of the alternative tests of Section 302(b) of the Code is satisfied with respect to a particular holder of the Series F Preference Shares will depend on the facts and circumstances as of the time the determination is made,
U.S. Holders should consult their tax advisors, at such time, to determine their tax treatment in light of their particular circumstances.

PFIC Considerations

A