Company: TRTN-PA
Filing Date: 2025-01-31
Form Type: 424B5
Source: 0001193125-25-018485
Chunk: 45

Company: Triton International Ltd
Filing Date: 2025-01-31
Form: 424B5
Chunk 45
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ERSHIP AND DISPOSITION OF OUR SERIES F PREFERENCE SHARES, AS WELL AS ANY CONSEQUENCES TO YOU ARISING UNDER STATE, LOCAL AND NON-U.S.TAX LAWS.

Tax Consequences to U.S. Holders

Distributions

Distributions paid
with respect to our Series F Preference Shares will generally be taxed as ordinary income to U.S. Holders to the extent that they are paid out of Triton’s current or accumulated earnings and profits, as determined under U.S. federal income tax
principles. To the extent that the amount of any distribution exceeds our current and accumulated earnings and profits for a taxable year, the excess will first be treated as a tax-free return of capital to
the extent of the holder’s adjusted basis in the Series F Preference Share, causing a reduction in such adjusted basis in the same amount. The balance of the excess, if any, will be taxed as capital gain, which will be long-term capital gain if
the Series F Preference Share has been held for more than one year at the time the distribution is received (as described below under “—Sale, Exchange or Other Taxable Disposition”). Any dividend paid with respect to our Series F
Preference Shares may be characterized for U.S. federal income tax purposes as any of the foregoing, in whole or in part, depending on the facts and circumstances at the level of the holder or Triton.

Subject to the PFIC rules discussed below, the gross amount of the dividends, if any, paid by Triton to individuals and other non-corporate U.S. Holders may be eligible to be taxed at lower rates applicable to certain qualified dividends, provided that (i) in the year such dividends are paid by Triton, the Series F Preference Shares
are readily tradable on an established securities market in the United States and (ii) such individual or other non-corporate U.S. Holder satisfies certain holding period requirements and does not engage
in hedging transactions. We intend to apply to list the Series F Preference Shares on the NYSE and we therefore expect that dividends on the Series F Preference Shares will be qualified dividend income. Dividends will be treated as foreign-source
income for U.S. foreign tax credit purposes. Dividends with respect to our Series F Preference Shares will not be eligible for the dividends-received deduction generally allowed to U.S. corporations under the Code.

Sale, Exchange or Other Taxable Disposition

Subject to the discussion below relating to the redemption of the Series F Preference Shares and