April 16 (Reuters) - Tricon Capital Group Inc TCN.TO :
* TRICON PROVIDES COVID-19 RELATED BUSINESS UPDATE
* TRICON CAPITAL GROUP INC - AS OF APRIL 15, TRICON HAS COLLECTED 92% OF APRIL RENTS
* TRICON CAPITAL GROUP INC - IN U.S. MULTI-FAMILY BUSINESS, OCCUPANCY REMAINED STABLE AT 94% THROUGHOUT Q1
* TRICON CAPITAL GROUP INC - AS OF APRIL 15, EXPERIENCED A TEMPORARY PAUSE IN ACQUISITIONS OF SINGLE-FAMILY RENTAL HOMES
* TRICON CAPITAL GROUP INC - PROJECTED TO CLOSE ON 60-70 HOMES IN Q2 THAT WERE ALREADY UNDER BINDING CONTRACTS PRIOR TO PANDEMIC
* TRICON CAPITAL GROUP INC - LIQUIDITY CONSISTS OF A $500 MILLION CORPORATE CREDIT FACILITY WITH APPROXIMATELY $175 MILLION OF UNDRAWN CAPACITY AS AT MARCH 31
* TRICON CAPITAL GROUP INC - COMPANY ALSO HAD APPROXIMATELY $53 MILLION OF CASH ON HAND AS OF MARCH 31, 2020
* TRICON CAPITAL GROUP INC - TRICON'S U.S. MULTI-FAMILY BUSINESS HAS A $116 MILLION CREDIT FACILITY WITH A CANADIAN BANK WHICH MATURES IN DECEMBER 2020
* TRICON CAPITAL GROUP INC - COMPANY IS IN ACTIVE DISCUSSIONS WITH LENDER TO EXTEND $116 MILLION CREDIT FACILITY MATURITY TO END OF 2020