Company: TRTN-PA
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001660734-25-000004
Chunk: 72

Company: Triton International Ltd
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 72
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 of the partner and the activities of the partnership. A holder that is a partnership and the partners in such partnership should consult their tax advisors about the U. S. federal income tax consequences of an investment in our preference shares.

For purposes of this discussion, the term "U. S. Holder" means a beneficial owner of our preference shares that is, for U. S. federal income tax purposes:

• an individual citizen or resident of the United States;

• a corporation, or entity treated as a corporation, organized in or under the laws of the United States or any state thereof or the District of Columbia;

• a trust if (a) a court within the United States is able to exercise primary supervision over the administration of the trust and one or more U. S. persons have the authority to control all substantial decisions of the trust, or (b) such trust has made a valid election to be treated as a U. S. person for U. S. federal income tax purposes; or

• an estate, the income of which is includible in gross income for U. S. federal income tax purposes, regardless of its source.

This discussion does not address any non-income tax considerations, the potential application of the Medicare tax on net investment income, or any foreign, state or local tax consequences. Each holder of our preference shares is urged to consult with such holder’s tax advisor with respect to the particular tax consequences to such holder.

THIS DISCUSSION IS NOT A COMPREHENSIVE DESCRIPTION OF ALL OF THE U. S. FEDERAL TAX CONSEQUENCES THAT MAY BE RELEVANT WITH RESPECT TO AN INVESTMENT IN OUR PREFERENCE SHARES. WE URGE YOU TO CONSULT YOUR OWN TAX ADVISOR REGARDING YOUR PARTICULAR CIRCUMSTANCES AND THE U. S. FEDERAL INCOME AND ESTATE TAX CONSEQUENCES TO YOU OF OWNING AND DISPOSING OUR PREFERENCE SHARES, AS WELL AS ANY TAX CONSEQUENCES ARISING UNDER THE LAWS OF ANY STATE, LOCAL, FOREIGN OR OTHER TAX JURISDICTION AND THE POSSIBLE EFFECTS OF CHANGES IN U. S. FEDERAL OR OTHER TAX LAWS.

Tax Consequences to U. S. Holders

Distributions

Distributions paid with respect to our 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.