Company: TRTN-PA
Filing Date: 2025-01-31
Form Type: 424B5
Source: 0001193125-25-018485
Chunk: 23

Company: Triton International Ltd
Filing Date: 2025-01-31
Form: 424B5
Chunk 23
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 Triton is governed by the Bermuda Companies Act. The Bermuda Companies Act differs in some material respects from laws generally applicable to U.S. corporations and shareholders,
including the provisions relating to interested directors, mergers, amalgamations and acquisitions, takeovers, shareholder lawsuits and indemnification of directors. See “Description of Share Capital” in the accompanying prospectus.

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There can be no assurance that we will not be classified as a passive foreign investment company for U.S. federal income tax purposes for any taxable year, which could result in adverse U.S. federal income tax consequences to U.S. Holders of our Series F Preference Shares.

A non-U.S. corporation will be classified as a passive foreign investment company (“PFIC”)
for any taxable year if either (1) at least 75% of its gross income for such year consists of certain types of “passive” income; or (2) at least 50% of the value of its assets (based on an average of the quarterly values of the
assets) during such year is attributable to assets that produce passive income or are held for the production of passive income. Based on our current and expected income and valuation of our assets, we do not presently expect to be a PFIC for the
current taxable year or the foreseeable future. However, because the PFIC determination is made by taking into account all of the relevant facts and circumstances regarding our business without the benefit of clearly defined bright line rules, it is
possible we may be a PFIC for any taxable year or that the Internal Revenue Service (the “IRS”) may challenge our determination concerning our PFIC status.

If we were to be or become a PFIC for any taxable year during which a U.S. Holder (defined below under “Tax Considerations—Material
U.S. Federal Income Tax Considerations”) holds our Series F Preference Shares, certain adverse U.S. federal income tax consequences could apply to such U.S. Holder. See “Tax Considerations—Material U.S. Federal Income Tax
Considerations—Tax Consequences to U.S. Holders—PFIC Considerations”.

S-14

USE OF PROCEEDS

We expect to receive net proceeds from this offering of approximately $144.6 million after deducting the underwriting discount and
estimated offering expenses payable by us.

We expect to use the net proceeds from the sale of Series F Preference Shares by us for
general corporate purposes, including the purchase of containers, payment of dividends and repayment or repurchase