Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Tricon Shareholders Vote FOR the Arrangement Resolution Approving Transaction with Blackstone Real Estate

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) is pleased to announce that leading independent proxy advisory firms Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have each recommended that shareholders of Tricon (“Company Shareholders”) vote “FOR” the resolution (the “Arrangement Resolution”) approving the statutory plan of arrangement under the Business Corporations Act (Ontario), pursuant to which Blackstone Real Estate Partners X L.P., together with Blackstone Real Estate Income Trust, Inc., will acquire all outstanding common shares of Tricon (“Common Shares”) for US$11.25 per Common Share in cash (the “Transaction”), at the upcoming special meeting of Company Shareholders (the “Special Meeting”) to be held on Thursday, March 28, 2024 at 10:00 a.m. (Toronto time).

Vote Today

Company Shareholders are reminded that the deadline to vote is fast approaching. Company Shareholders are encouraged to submit their vote in advance by completing the instructions in their form of proxy (in the case of registered Company Shareholders) or voting instruction form (in the case of non-registered Company Shareholders. Registered Company Shareholders must submit their proxies before 10:00 am (Toronto time) on Tuesday, March 26, 2024, or for beneficial Company Shareholders, such earlier time as specified by their intermediaries in the voting instruction form received.

On the unanimous recommendation of the Special Committee, the Board of Directors of Tricon recommends that Company Shareholders vote FOR the Arrangement Resolution

YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAY

Special Meeting Details

The Special Meeting will be held online at https://web.lumiconnect.com/#/411155572, Password: tricon2024 (case sensitive) and Meeting ID: 411-155-572, on March 28, 2024 at 10:00 a.m. (Toronto time).

Visit Tricon’s Investor Relations website at www.triconresidential.com to access materials and information related to the upcoming Special Meeting.

The management information circular (the “Circular”) and related proxy materials in respect of the Special Meeting have been mailed to Company Shareholders and are filed and available under Tricon’s profile on SEDAR+ at www.sedarplus.ca. A Schedule 13E-3 Transaction Statement (the “Schedule 13E-3”), which includes the Circular and related proxy materials, has been filed with the U.S. Securities and Exchange Commission (“SEC”) and is available under Tricon’s profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.