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Home › Companies › Boralex Inc. › 2024-2025

Boralex Inc. 2024-2025 Proxy Voting Records

At Boralex Inc.'s shareholder meeting held May 14, 2025, in the 2024-2025 proxy season, 57 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,056 separate fund positions. Their filings are grouped here into 22 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — ELECTION OF DIRECTOR: DANY ST-PIERRE — the reporting funds cast 99.9% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 22Reported items
  • 57Asset managers
  • 1,056Fund votes
  • May 14, 2025Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from Boralex Inc. has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Boralex Inc. in the interactive database Compare manager voting policies

How asset managers voted at the Boralex Inc. 2024-2025 meeting

Each item below shows how the 57 asset managers that disclosed a Boralex Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Boralex Inc.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. ELECTION OF DIRECTOR: DANY ST-PIERRE

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 40 asset managers

The 40 asset managers below reported 6,843,582 for, 1,169 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,843,582AGAINST: 1,169
Largest asset managers voting on “ELECTION OF DIRECTOR: DANY ST-PIERRE” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
BlackRock1,573,6090 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
Charles Schwab227,9040 00For
First Trust216,4480 00For
NEW ALTERNATIVES FUND125,0000 00For
Total Fund Solution115,6530 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Brookfield Investment Funds47,1320 00For
Calvert44,1540 00For
Principal39,5920 00For
Global X29,3300 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For

Showing the 25 largest of 40 asset managers. All 40 are in the interactive database (link above).

2. ELECTION OF DIRECTOR: LISE CROTEAU

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 40 asset managers

The 40 asset managers below reported 6,844,751 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,844,751
Largest asset managers voting on “ELECTION OF DIRECTOR: LISE CROTEAU” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
BlackRock1,573,6090 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
Charles Schwab227,9040 00For
First Trust216,4480 00For
NEW ALTERNATIVES FUND125,0000 00For
Total Fund Solution115,6530 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Brookfield Investment Funds47,1320 00For
Calvert44,1540 00For
Principal39,5920 00For
Global X29,3300 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For

Showing the 25 largest of 40 asset managers. All 40 are in the interactive database (link above).

3. ELECTION OF DIRECTOR: MARIE-CLAUDE DUMAS

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 40 asset managers

The 40 asset managers below reported 6,844,751 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,844,751
Largest asset managers voting on “ELECTION OF DIRECTOR: MARIE-CLAUDE DUMAS” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
BlackRock1,573,6090 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
Charles Schwab227,9040 00For
First Trust216,4480 00For
NEW ALTERNATIVES FUND125,0000 00For
Total Fund Solution115,6530 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Brookfield Investment Funds47,1320 00For
Calvert44,1540 00For
Principal39,5920 00For
Global X29,3300 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For

Showing the 25 largest of 40 asset managers. All 40 are in the interactive database (link above).

4. ELECTION OF DIRECTOR: NADIA MARTEL

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 40 asset managers

The 40 asset managers below reported 6,844,751 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,844,751
Largest asset managers voting on “ELECTION OF DIRECTOR: NADIA MARTEL” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
BlackRock1,573,6090 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
Charles Schwab227,9040 00For
First Trust216,4480 00For
NEW ALTERNATIVES FUND125,0000 00For
Total Fund Solution115,6530 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Brookfield Investment Funds47,1320 00For
Calvert44,1540 00For
Principal39,5920 00For
Global X29,3300 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For

Showing the 25 largest of 40 asset managers. All 40 are in the interactive database (link above).

5. ELECTION OF DIRECTOR: PATRICK DECOSTRE

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 40 asset managers

The 40 asset managers below reported 6,844,751 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,844,751
Largest asset managers voting on “ELECTION OF DIRECTOR: PATRICK DECOSTRE” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
BlackRock1,573,6090 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
Charles Schwab227,9040 00For
First Trust216,4480 00For
NEW ALTERNATIVES FUND125,0000 00For
Total Fund Solution115,6530 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Brookfield Investment Funds47,1320 00For
Calvert44,1540 00For
Principal39,5920 00For
Global X29,3300 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For

Showing the 25 largest of 40 asset managers. All 40 are in the interactive database (link above).

6. ELECTION OF DIRECTOR: PATRICK LEMAIRE

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 40 asset managers

The 40 asset managers below reported 6,844,751 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,844,751
Largest asset managers voting on “ELECTION OF DIRECTOR: PATRICK LEMAIRE” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
BlackRock1,573,6090 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
Charles Schwab227,9040 00For
First Trust216,4480 00For
NEW ALTERNATIVES FUND125,0000 00For
Total Fund Solution115,6530 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Brookfield Investment Funds47,1320 00For
Calvert44,1540 00For
Principal39,5920 00For
Global X29,3300 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For

Showing the 25 largest of 40 asset managers. All 40 are in the interactive database (link above).

7. ELECTION OF DIRECTOR: RICKY FONTAINE

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 40 asset managers

The 40 asset managers below reported 6,844,751 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,844,751
Largest asset managers voting on “ELECTION OF DIRECTOR: RICKY FONTAINE” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
BlackRock1,573,6090 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
Charles Schwab227,9040 00For
First Trust216,4480 00For
NEW ALTERNATIVES FUND125,0000 00For
Total Fund Solution115,6530 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Brookfield Investment Funds47,1320 00For
Calvert44,1540 00For
Principal39,5920 00For
Global X29,3300 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For

Showing the 25 largest of 40 asset managers. All 40 are in the interactive database (link above).

8. ELECTION OF DIRECTOR: ZIN SMATI

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: votes by 40 asset managers

The 40 asset managers below reported 6,843,582 for, 1,169 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,843,582AGAINST: 1,169
Largest asset managers voting on “ELECTION OF DIRECTOR: ZIN SMATI” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
BlackRock1,573,6090 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
Charles Schwab227,9040 00For
First Trust216,4480 00For
NEW ALTERNATIVES FUND125,0000 00For
Total Fund Solution115,6530 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Brookfield Investment Funds47,1320 00For
Calvert44,1540 00For
Principal39,5920 00For
Global X29,3300 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For

Showing the 25 largest of 40 asset managers. All 40 are in the interactive database (link above).

9. ELECTION OF DIRECTOR: ALAIN RHEAUME

No official resultsDIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

99.3% of fund votes cast · no official result

FOR
Details: votes by 38 asset managers

The 38 asset managers below reported 6,684,760 for, 44,154 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,684,760AGAINST: 44,154
Largest asset managers voting on “ELECTION OF DIRECTOR: ALAIN RHEAUME” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
BlackRock1,573,6090 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
Charles Schwab227,9040 00For
First Trust216,4480 00For
NEW ALTERNATIVES FUND125,0000 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Brookfield Investment Funds47,1320 00For
Calvert044,154 00Against
Principal39,5920 00For
Global X29,3300 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For
John Hancock9,1060 00For

Showing the 25 largest of 38 asset managers. All 38 are in the interactive database (link above).

10. ELECTION OF DIRECTOR: ANDRE COURVILLE

No official resultsDIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 38 asset managers

The 38 asset managers below reported 6,728,914 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,728,914
Largest asset managers voting on “ELECTION OF DIRECTOR: ANDRE COURVILLE” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
BlackRock1,573,6090 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
Charles Schwab227,9040 00For
First Trust216,4480 00For
NEW ALTERNATIVES FUND125,0000 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Brookfield Investment Funds47,1320 00For
Calvert44,1540 00For
Principal39,5920 00For
Global X29,3300 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For
John Hancock9,1060 00For

Showing the 25 largest of 38 asset managers. All 38 are in the interactive database (link above).

11. ELECTION OF DIRECTOR: DOMINIQUE MINIERE

No official resultsDIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 38 asset managers

The 38 asset managers below reported 6,728,914 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,728,914
Largest asset managers voting on “ELECTION OF DIRECTOR: DOMINIQUE MINIERE” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
BlackRock1,573,6090 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
Charles Schwab227,9040 00For
First Trust216,4480 00For
NEW ALTERNATIVES FUND125,0000 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Brookfield Investment Funds47,1320 00For
Calvert44,1540 00For
Principal39,5920 00For
Global X29,3300 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For
John Hancock9,1060 00For

Showing the 25 largest of 38 asset managers. All 38 are in the interactive database (link above).

12. ELECTION OF DIRECTOR: REMI G. LALONDE

No official resultsDIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 38 asset managers

The 38 asset managers below reported 6,728,914 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 6,728,914
Largest asset managers voting on “ELECTION OF DIRECTOR: REMI G. LALONDE” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
BlackRock1,573,6090 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
Charles Schwab227,9040 00For
First Trust216,4480 00For
NEW ALTERNATIVES FUND125,0000 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Brookfield Investment Funds47,1320 00For
Calvert44,1540 00For
Principal39,5920 00For
Global X29,3300 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For
John Hancock9,1060 00For

Showing the 25 largest of 38 asset managers. All 38 are in the interactive database (link above).

13. Elect Alain Rh?aume

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 2 asset managers

The 2 asset managers below reported 115,837 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 115,837
Largest asset managers voting on “Elect Alain Rh?aume” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Total Fund Solution115,6530 00For
Northern Lights Fund Trust IV1840 00For

14. Elect Andr? Courville

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 2 asset managers

The 2 asset managers below reported 115,837 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 115,837
Largest asset managers voting on “Elect Andr? Courville” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Total Fund Solution115,6530 00For
Northern Lights Fund Trust IV1840 00For

15. Elect Dominique Mini?re

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 2 asset managers

The 2 asset managers below reported 115,837 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 115,837
Largest asset managers voting on “Elect Dominique Mini?re” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Total Fund Solution115,6530 00For
Northern Lights Fund Trust IV1840 00For

16. Elect R?mi G. Lalonde

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 2 asset managers

The 2 asset managers below reported 115,837 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 115,837
Largest asset managers voting on “Elect R?mi G. Lalonde” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Total Fund Solution115,6530 00For
Northern Lights Fund Trust IV1840 00For

17. Advisory Vote on Executive Compensation Approach

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 30 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 26 asset managers voting on “Advisory Vote on Executive Compensation Approach” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
First Trust216,4480 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Calvert44,1540 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For
JANUS ASPEN SERIES8,8410 00For
Lincoln Financial7,7750 00For
Brighthouse4,3800 00For
M FUND INC3,3620 00For
FINANCIAL INVESTORS TRUST3,1520 00For
Federated Hermes2,2520 00For
New York Life1,1690 00For

Fund voting reports, all 26 managers: 4,670,313 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 4 asset managers voting on “Advisory Vote on Executive Compensation Approach” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Desjardins Global Asset Management Inc.497,7840 00For
Resolution Capital Ltd63,3960 00For
CIDEL ASSET MANAGEMENT INC32,3040 00For
Plato Investment Management Ltd2,8180 00For

Institutional-manager reports, all 4 managers: 596,302 for.

18. To adopt the non-binding advisory resolution agreeing to the Corporation's approach to executive compensation.

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

Combines 2 wordings of this item as funds reported it.

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 17 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 7 asset managers voting on “To adopt the non-binding advisory resolution agreeing to the Corporation's approach to executive compensation.” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,573,6090 00For
NEW ALTERNATIVES FUND125,0000 00For
Brookfield Investment Funds47,1320 00For
John Hancock9,1060 00For
Allianz2,4510 00For
Gabelli1,3000 00For
Jackson National510 00For

Fund voting reports, all 7 managers: 1,758,649 for.

Institutional-manager reports: 11 asset managers voting on “To adopt the non-binding advisory resolution agreeing to the Corporation's approach to executive compensation.” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock2,577,2810 00For
1832 Asset Management L.P.1,284,4390 00For
NATIONAL BANK INVESTMENTS INC.172,7960 00For
SCOTIA CAPITAL INC.143,8270 00For
BANK OF NOVA SCOTIA125,0000 00For
Northern Trust38,3970 00For
JARISLOWSKY, FRASER Ltd24,1700 00For
National Bank Financial Inc.9,3720 00For
Cumberland Partners Ltd2,0300 00For
One Capital Management, LLC3050 00For
Pacifica Partners Inc.2000 00For

Institutional-manager reports, all 11 managers: 4,377,817 for.

19. Advisory Vote to Ratify Named Executive Officers' Compensation

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 11 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 7 asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab227,9040 00For
Total Fund Solution115,6530 00For
Principal39,5920 00For
Global X29,3300 00For
VanEck ETF Trust3,0630 00For
Northern Lights Fund Trust IV1840 00For
PACE SELECT ADVISORS TRUST630 00For

Fund voting reports, all 7 managers: 415,789 for.

Institutional-manager reports: 4 asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
TD ASSET MANAGEMENT INC268,9220 00For
TD Waterhouse Canada Inc.247,4080 00For
Regime de rentes du Mouvement Desjardins3,2050 00For
LOUISBOURG INVESTMENTS INC.750 00For

Institutional-manager reports, all 4 managers: 519,610 for.

20. Ratify PricewaterhouseCoopers LLP as Auditors

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 26 asset managers

The 26 asset managers below reported 4,670,313 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,670,313
Largest asset managers voting on “Ratify PricewaterhouseCoopers LLP as Auditors” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,303,1930 00For
Dimensional888,9760 00For
Victory Capital561,2550 00For
TIAA244,2740 00For
First Trust216,4480 00For
American Century74,1920 00For
GuideStone74,1670 00For
Fidelity63,3630 00For
Calvert44,1540 00For
JANUS INVESTMENT FUND23,8180 00For
Voya22,7450 00For
State Street22,4640 00For
Invesco19,4750 00For
ALPS ETF Trust19,1730 00For
Morgan Stanley15,6410 00For
Goldman Sachs15,4100 00For
Northern Trust15,3590 00For
AllianceBernstein14,4750 00For
JANUS ASPEN SERIES8,8410 00For
Lincoln Financial7,7750 00For
Brighthouse4,3800 00For
M FUND INC3,3620 00For
FINANCIAL INVESTORS TRUST3,1520 00For
Federated Hermes2,2520 00For
New York Life1,1690 00For

Showing the 25 largest of 26 asset managers. All 26 are in the interactive database (link above).

21. Appointment of Auditor

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 7 asset managers

The 7 asset managers below reported 415,789 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 415,789
Largest asset managers voting on “Appointment of Auditor” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab227,9040 00For
Total Fund Solution115,6530 00For
Principal39,5920 00For
Global X29,3300 00For
VanEck ETF Trust3,0630 00For
Northern Lights Fund Trust IV1840 00For
PACE SELECT ADVISORS TRUST630 00For

22. To appoint Pricewaterhousecoopers llp/s.r.l./s.e.n.c.r.l., chartered professional accountants, as independent auditor…

No official resultsAUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 7 asset managers

Description as filed by funds: TO APPOINT PRICEWATERHOUSECOOPERS LLP/S.R.L./S.E.N.C.R.L., CHARTERED PROFESSIONAL ACCOUNTANTS, AS INDEPENDENT AUDITOR OF THE CORPORATION FOR THE ENSUING YEAR

The 7 asset managers below reported 1,758,649 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,758,649
Largest asset managers voting on “TO APPOINT PRICEWATERHOUSECOOPERS LLP/S.R.L./S.E.N.C.R.L., CHARTERED PROFESSIONAL ACCOUNTANTS, AS INDEPENDENT ” at Boralex Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,573,6090 00For
NEW ALTERNATIVES FUND125,0000 00For
Brookfield Investment Funds47,1320 00For
John Hancock9,1060 00For
Allianz2,4510 00For
Gabelli1,3000 00For
Jackson National510 00For

Largest Boralex Inc. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top Boralex Inc. shareholders by shares voted on “ELECTION OF DIRECTOR: DANY ST-PIERRE”, 2024-2025
#Asset manager Shares voted
1Vanguard 2,303,193
2BlackRock 1,573,609
3Dimensional 888,976
4Victory Capital 561,255
5TIAA 244,274
6Charles Schwab 227,904
7First Trust 216,448
8NEW ALTERNATIVES FUND 125,000
9Total Fund Solution 115,653
10American Century 74,192
Institutional-manager reports: top Boralex Inc. shareholders by shares voted on “To adopt the non-binding advisory resolution agreeing to the Corporation's approach to…”, 2024-2025
#Asset manager Shares voted
1BlackRock 2,577,281
21832 Asset Management L.P. 1,284,439
3NATIONAL BANK INVESTMENTS INC. 172,796
4SCOTIA CAPITAL INC. 143,827
5BANK OF NOVA SCOTIA 125,000
6Northern Trust 38,397
7JARISLOWSKY, FRASER Ltd 24,170
8National Bank Financial Inc. 9,372
9Cumberland Partners Ltd 2,030
10One Capital Management, LLC 305

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Boralex Inc. for the 2024-2025 season, so there is no denominator to divide by.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

Boralex Inc. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Cite this page

proxyvotesnow.com, “Boralex Inc. 2025 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/boralex-inc/2025 (version of November 9, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.