Company: TRTN-PA
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001660734-25-000004
Chunk: 132

Company: Triton International Ltd
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 132
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 third-party investor and Parent in December 2024, Triton expects to distribute all of the equity interests in TCF VIII, a special purpose securitization subsidiary of Triton, to Parent (the "TCF VIII Distribution"). As of December 31, 2024, TCF VIII had total assets of approximately $1.9billion and total indebtedness of approximately $1.4billion, and for the year ended December 31, 2024, TCF VIII had leasing revenues of approximately $0.3billion. The TCF VIII Distribution is expected to reduce Triton’s total shareholders’ equity by approximately $0.5billion. Following the completion of the TCF VIII Distribution, the Company will continue to manage the containers in the TCF VIII securitization portfolio, for which the Company will be entitled to receive management fees. The TCF VIII Distribution is subject to a number of conditions precedent, including regulatory approvals, and is expected to be completed during the first half of 2025.

Note 17 - Subsequent Events

On February 14, 2025, the Company's Board of Directors approved and declared a cash dividend of $ 150.0

On January 27, 2025 the Company's Board of Directors approved and declared a cash dividend on its issued and outstanding preference shares, payable on March 15, 2025 or the next business day thereafter to holders of record at the close of business on March 10, 2025 as follows:

  Preference Share Series      Dividend Rate      Dividend Per Share  
 ──────────────────────────────────────────────────────────────────────
  Series A                            8.500%             $ 0.5312500  
  Series B                            8.000%             $ 0.5000000  
  Series C                            7.375%             $ 0.4609375  
  Series D                            6.875%             $ 0.4296875  
  Series E                            5.750%             $ 0.3593750  

On February 6, 2025, the Company completed a public offering of the Series F Preference Shares and received $ 144.6 5.4

F-34