Tricon Residential

09:58 AM EST - Tricon Residential : Announced today that it has priced its 2020- SFR2 securitization transaction. The transaction, involving the issuance and sale of six offered classes of fixed-rate certificates with a total face amount of $440.5 million , was priced at a weighted average coupon of approximately 1.83% with a term to maturity of approximately seven years. The anticipated transaction proceeds represent 67.0% of the value of the securitized portfolio of 3,319 single-family rental properties. The transaction is expected to close on or about November 10. Tricon Residential shares T.TCN are trading down $0.02 at $10.86.