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Tricon Announces Third Quarter 2010 Results

^{Published on 2010-11-10 03:40:42 - Market Wire}
 

 Highlights: - Fundraising efforts were formally initiated for successor Canadian fund Tricon XII. - Adjusted EBITDA of $1,331,000 for the quarter and $4,523,000 year-to- date; in line with the prior year's results. - Canadian fund Tricon X and U.S. distressed fund Tricon IX expected to be substantially committed by the end of 2010 and Q1 2011, respectively. 

 Selected Financial Summary Three Months Ended Nine Months Ended September 30 September 30 ----------------------------- ----------------------------- 2010 2009 2010 2009 ------------------------------------------------------------------------- Assets Under Management 876,984,000 1,002,820,000 Revenue 2,949,000 2,973,000 9,264,000 8,713,000 Adjusted EBITDA 1,331,000 1,559,000 4,523,000 4,719,000 Net Income (Loss)(1) 115,000 (411,000) (8,975,000) (320,000) Adjusted Net Income 633,000 750,000 1,995,000 2,434,000 Net Income (Loss) - Per Share 0.01 (0.05) (0.72) (0.04) Adjusted Net Income - Per Share 0.03 0.10 0.16 0.31 ------------------------------------------------------------------------- (1) Net Income includes several Non-Recurring items, including a significant LTIP accrual as mandated by IFRS. Please see MD&A for additional detail.