Company: TRTN-PA
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001660734-25-000004
Chunk: 125

Company: Triton International Ltd
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 125
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4, the Company paid cash dividends of $ 600.0 5.5 1.9

Preference Shares

Triton’s preference shares are listed on the New York Stock Exchange.

The following table summarizes the Company's preference share issuances as of December 31, 2024 (each, a "Series"):

  Preference Share Series                                                             Issuance           Liquidation Preference (in thousands)                               
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Series A 8.50% Cumulative Redeemable Perpetual Preference Shares ("Series A")       March 2019         $                                           86,250       3,450,000  
  Series B 8.00% Cumulative Redeemable Perpetual Preference Shares ("Series B")       June 2019                                                     143,750       5,750,000  
  Series C 7.375% Cumulative Redeemable Perpetual Preference Shares ("Series C")      November 2019                                                 175,000       7,000,000  
  Series D 6.875% Cumulative Redeemable Perpetual Preference Shares ("Series D")      January 2020                                                  150,000       6,000,000  
  Series E 5.75% Cumulative Redeemable Perpetual Preference Shares ("Series E")       August 2021                                                   175,000       7,000,000  
                                                                                                         $                                          730,000      29,200,000  

(1) Represents number of shares authorized, issued, and outstanding.

Each Series of preference shares may be redeemed at the Company's option, at any time after approximately five years from original issuance, in whole or in part at a redemption price, plus an amount equal to all accumulated and unpaid dividends, whether or not declared. The Company may also redeem each Series of preference shares prior to the lapse of the five year

F-26

TRITON INTERNATIONAL LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

period upon the occurrence of certain events as described in each instrument, such as transactions that either transfer ownership of substantially all assets to a single entity or establish a majority voting interest by a single entity, and cause a downgrade or withdrawal of rating by the rating agency within 60 days of the event. If the Company does not elect to redeem each Series upon the occurrence of the preceding