Tricon Announces Voting Results from Annual and Special Meeting of Shareholders

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES./

TORONTO, May 20, 2015 /CNW/ - Tricon Capital Group Inc. ("Tricon" or the "Company") (TSX: TCN), a principal investor and asset manager focused on the residential real estate industry, is pleased to announce that it has received shareholder approval for all resolutions voted upon at its annual and special meeting of shareholders held on May 20, 2015 (the "Meeting"). In particular, all nominees listed in the Company's information circular dated April 14, 2015 were elected as directors of the Company. The results of the voting for each nominee are as follows:

Nominee	Votes For		Votes Withheld
	Number	%	Number	%
David Berman	51,683,986	93.40	3,652,519	6.60
Eric Duff Scott	53,750,832	97.13	1,585,673	2.87
J. Michael Knowlton	54,514,857	98.52	821,648	1.48
Peter D. Sacks	54,514,358	98.51	822,147	1.49
Sian M. Matthews	55,192,156	99.74	144,349	0.26
Gary Berman	51,780,617	93.57	3,555,888	6.43
Geoff Matus	54,358,898	98.23	977,607	1.77

In addition, Tricon reports that the appointment of PricewaterhouseCoopers LLP as Tricon's auditors for the 2015 fiscal year and the resolution to fix the number of directors of the Company were passed by a majority of the votes represented at the Meeting.

About Tricon Capital Group Inc.

Tricon is a principal investor and asset manager focused on the residential real estate industry in North America with approximately $2.4 billion (C$3.0 billion) of assets under management.  Tricon owns, or manages on behalf of third party investors, a portfolio of investments in land and homebuilding assets, single-family rental homes, and manufactured housing communities.  Our business objective is to invest for investment income and capital appreciation through our Principal Investment business and to earn fee income through our Private Funds and Advisory business.  Since its inception in 1988, Tricon has invested in real estate and development projects valued at approximately $15 billion. More information about Tricon is available at www.triconcapital.com.

SOURCE Tricon Capital Group Inc.

Gary Berman, President & Chief Executive Officer, Tel: [phone], Email: [email protected]; Wissam Francis, Executive Vice President - Corporate Finance, Tel: [phone], Email: [email protected]