Company: TRTN-PA
Filing Date: 2025-01-31
Form Type: 424B5
Source: 0001193125-25-018485
Chunk: 10

Company: Triton International Ltd
Filing Date: 2025-01-31
Form: 424B5
Chunk 10
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 Series F Preference Shares will have the right (unless we have provided                                                                                                      
 notice of our election to redeem the Series F Preference Shares) to convert some or all of the Series F Preference Shares held by such holder on the Change of Control Conversion Date (as defined herein) into a number of our common shares per Series 
 F Preference Share to be converted equal to the quotient obtained by dividing (i) the sum of the $25.00 liquidation preference                                                                                                                           |

S-4

| plus the amount of all accumulated and unpaid dividends to, but not including, the Change of Control Conversion Date (unless the Change of Control Conversion Date is after a record date for a                                                  
 Series F Preference Share dividend payment and prior to the corresponding Dividend Payment Date, in which case no additional amount for such accumulated and unpaid dividend will be included in this sum) by (ii) the Common Share Price (as    
 defined herein), subject, to certain adjustments and provisions for (x) the payment of any Alternative Conversion Consideration (as defined herein) and (y) splits, combinations and dividends in the form of equity issuances. If, prior to     
 the Change of Control Conversion Date, we exercise our redemption rights relating to the Series F Preference Shares, holders of the Series F Preference Shares that we have elected to redeem will not have the conversion right described under 
 “Description of the Series F Preference Shares— Conversion Right upon a Change of Control Triggering Event.”                                                                                                                                     |

| Notwithstanding the foregoing, the holders of Series F Preference Shares will not have a conversion right upon a Change of Control Triggering Event if the acquiror in the Change of Control or its direct or indirect 
 parent has shares listed or quoted on the NYSE, the NYSE American or Nasdaq or listed or quoted on an exchange or quotation system that is a successor to the NYSE, the NYSE American or Nasdaq.                       |

| For definitions of “Alternative Conversion Consideration,” “Change of Control Conversion Date,” and “Common Share Price,” and the restrictions on cash payments under a Change of Control 
 Triggering Event hereunder, see “Description of the Series F Preference Shares— Conversion Right upon a Change of Control Triggering Event.”                                              |

| Voting Rights | Holders of the Series F Preference Shares generally have no voting rights. However, if and whenever dividends payable on the Series F Preference Shares                                                                                                   
 are in arrears for six or more quarterly periods, whether or not consecutive, holders of the Series F Preference Shares (v