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CANADIAN NATIONAL RAILWAY CO. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 02 October 2026.

40Reported items
486Asset managers
6,775Fund votes
2024-04-26Meeting date

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

Explore CANADIAN NATIONAL RAILWAY CO. in the interactive database Compare manager voting policies

How asset managers voted at the CANADIAN NATIONAL RAILWAY CO. 2023-2024 meeting

Each item below shows how the 486 asset managers that disclosed a CANADIAN NATIONAL RAILWAY CO. 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 CANADIAN NATIONAL RAILWAY CO.’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. Non-binding advisory resolution (the full text of which is set out on page 15 of the management proxy circular) to accept the approach to executive compensation disclosed in the management proxy circular.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 8 wordings of this item as funds reported it.

99.2% fund support · no official result

FOR 99.2%

The 324 asset managers below cast 99.2% of the shares they voted on this item FOR (36,754,819 for, 272,631 against).

FOR: 36,754,819 (99.2%)AGAINST: 272,631 (0.7%)NOT VOTED: 18,425 (0.0%)

Largest asset managers voting on “Non-binding advisory resolution (the full text of which is set out on page 15 of the management proxy circular” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
1832 Asset Management L.P.	10,273,471	0	For
JARISLOWSKY, FRASER Ltd	6,029,283	51,758	For
SCOTIA CAPITAL INC.	3,403,994	0	For
JPMorgan	2,963,015	0	For
HARDING LOEVNER LP	2,573,023	0	For
HARDING LOEVNER FUNDS INC	1,356,551	0	For
Northern Trust	1,059,564	0	For
Manning & Napier	873,785	0	For
Bridge Builder Trust	865,140	0	For
RIVULET CAPITAL, LLC	824,965	0	For
ENVESTNET ASSET MANAGEMENT INC	627,281	0	For
Cardinal Capital Management, Inc.	457,839	0	For
AMANA MUTUAL FUNDS TRUST	384,000	0	For
Nekton Capital Ltd.	355,877	0	For
REAVES UTILITY INCOME FUND	330,000	0	For
AGF MANAGEMENT LTD	327,836	0	For
Value Partners Investments Inc.	225,493	0	For
Korea Investment CORP	222,346	0	For
GW&K Investment Management, LLC	212,768	0	For
Natixis	195,018	0	For
Cohen & Steers	164,490	0	For
ROCKEFELLER FINANCIAL LLC	154,401	0	For
COBBLESTONE CAPITAL ADVISORS LLC /NY/	150,836	0	For
RBB FUND, INC.	123,718	0	For
Jackson National	117,989	0	For

Showing the 25 largest of 324 asset managers. See all 324 in the interactive database.

2. ELECTION OF DIRECTOR: DAVID FREEMAN

DIRECTOR ELECTIONS

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.8%

The 121 asset managers below cast 99.8% of the shares they voted on this item FOR (76,449,509 for, 78,057 against).

FOR: 76,449,509 (99.9%)AGAINST: 78,057 (0.1%)UNKNOWN: 29,928 (0.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: DAVID FREEMAN” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	31,265,983	0	For
Capital Group	6,912,186	0	For
MFS	5,204,462	0	For
Fidelity	4,194,782	0	For
BlackRock	3,881,028	0	For
JPMorgan	2,757,604	0	For
T. Rowe Price	1,892,080	0	For
Putnam	1,598,100	0	For
HARDING LOEVNER FUNDS INC	1,356,551	0	For
BNY Mellon	1,344,637	0	For
Charles Schwab	1,275,627	0	For
Hartford	1,135,063	0	For
Dimensional	996,891	0	For
Bridge Builder Trust	956,714	0	For
Artisan	927,600	0	For
TIAA	926,927	0	For
Northern Trust	760,248	41,577	For
Brighthouse	790,698	0	For
State Street	723,004	0	For
New York Life	639,649	0	For
First Trust	478,162	0	For
Prudential/PGIM	472,215	0	For
AMANA MUTUAL FUNDS TRUST	384,000	0	For
AllianceBernstein	372,062	0	For
Principal	348,547	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

3. ELECTION OF DIRECTOR: DENISE GRAY

DIRECTOR ELECTIONS

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.7% fund support · no official result

FOR 99.7%

The 121 asset managers below cast 99.7% of the shares they voted on this item FOR (76,364,530 for, 163,036 against).

FOR: 76,364,530 (99.7%)AGAINST: 163,036 (0.2%)UNKNOWN: 29,928 (0.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: DENISE GRAY” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	31,265,983	0	For
Capital Group	6,912,186	0	For
MFS	5,204,462	0	For
Fidelity	4,194,782	0	For
BlackRock	3,881,028	0	For
JPMorgan	2,757,604	0	For
T. Rowe Price	1,892,080	0	For
Putnam	1,598,100	0	For
HARDING LOEVNER FUNDS INC	1,356,551	0	For
BNY Mellon	1,344,637	0	For
Charles Schwab	1,275,627	0	For
Hartford	1,135,063	0	For
Dimensional	996,891	0	For
Bridge Builder Trust	956,714	0	For
Artisan	927,600	0	For
TIAA	926,927	0	For
Northern Trust	760,248	41,577	For
Brighthouse	790,698	0	For
State Street	723,004	0	For
New York Life	639,649	0	For
First Trust	478,162	0	For
Prudential/PGIM	472,215	0	For
AMANA MUTUAL FUNDS TRUST	384,000	0	For
AllianceBernstein	372,062	0	For
Principal	348,547	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

4. Election of Director: Jo-ann dePass Olsovsky

DIRECTOR ELECTIONS

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 121 asset managers below cast 99.9% of the shares they voted on this item FOR (76,486,602 for, 40,964 against).

FOR: 76,486,602 (99.9%)AGAINST: 40,964 (0.1%)UNKNOWN: 29,928 (0.0%)

Largest asset managers voting on “Election of Director: Jo-ann dePass Olsovsky” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Vanguard	31,265,983	For
Capital Group	6,912,186	For
MFS	5,204,462	For
Fidelity	4,194,782	For
BlackRock	3,881,028	For
JPMorgan	2,757,604	For
T. Rowe Price	1,892,080	For
Putnam	1,598,100	For
HARDING LOEVNER FUNDS INC	1,356,551	For
BNY Mellon	1,344,637	For
Charles Schwab	1,275,627	For
Hartford	1,135,063	For
Dimensional	996,891	For
Bridge Builder Trust	956,714	For
Artisan	927,600	For
TIAA	926,927	For
Northern Trust	801,825	For
Brighthouse	790,698	For
State Street	723,004	For
New York Life	639,649	For
First Trust	478,162	For
Prudential/PGIM	472,215	For
AMANA MUTUAL FUNDS TRUST	384,000	For
AllianceBernstein	372,062	For
Principal	348,547	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

5. ELECTION OF DIRECTOR: JUSTIN M. HOWELL

DIRECTOR ELECTIONS

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.8%

The 121 asset managers below cast 99.8% of the shares they voted on this item FOR (76,429,981 for, 97,585 against).

FOR: 76,429,981 (99.8%)AGAINST: 97,585 (0.1%)UNKNOWN: 29,928 (0.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: JUSTIN M. HOWELL” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	31,265,983	0	For
Capital Group	6,912,186	0	For
MFS	5,204,462	0	For
Fidelity	4,194,782	0	For
BlackRock	3,881,028	0	For
JPMorgan	2,757,604	0	For
T. Rowe Price	1,892,080	0	For
Putnam	1,598,100	0	For
HARDING LOEVNER FUNDS INC	1,356,551	0	For
BNY Mellon	1,344,637	0	For
Charles Schwab	1,275,627	0	For
Hartford	1,135,063	0	For
Dimensional	996,891	0	For
Bridge Builder Trust	956,714	0	For
Artisan	927,600	0	For
TIAA	926,927	0	For
Northern Trust	760,248	41,577	For
Brighthouse	790,698	0	For
State Street	723,004	0	For
New York Life	639,649	0	For
First Trust	478,162	0	For
Prudential/PGIM	472,215	0	For
AMANA MUTUAL FUNDS TRUST	384,000	0	For
AllianceBernstein	372,062	0	For
Principal	348,547	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

6. Election of Director: Margaret A. McKenzie

DIRECTOR ELECTIONS

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.8%

The 121 asset managers below cast 99.8% of the shares they voted on this item FOR (76,449,509 for, 78,057 against).

FOR: 76,449,509 (99.9%)AGAINST: 78,057 (0.1%)UNKNOWN: 29,928 (0.0%)

Largest asset managers voting on “Election of Director: Margaret A. McKenzie” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	31,265,983	0	For
Capital Group	6,912,186	0	For
MFS	5,204,462	0	For
Fidelity	4,194,782	0	For
BlackRock	3,881,028	0	For
JPMorgan	2,757,604	0	For
T. Rowe Price	1,892,080	0	For
Putnam	1,598,100	0	For
HARDING LOEVNER FUNDS INC	1,356,551	0	For
BNY Mellon	1,344,637	0	For
Charles Schwab	1,275,627	0	For
Hartford	1,135,063	0	For
Dimensional	996,891	0	For
Bridge Builder Trust	956,714	0	For
Artisan	927,600	0	For
TIAA	926,927	0	For
Northern Trust	760,248	41,577	For
Brighthouse	790,698	0	For
State Street	723,004	0	For
New York Life	639,649	0	For
First Trust	478,162	0	For
Prudential/PGIM	472,215	0	For
AMANA MUTUAL FUNDS TRUST	384,000	0	For
AllianceBernstein	372,062	0	For
Principal	348,547	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

7. ELECTION OF DIRECTOR: MICHEL LETELLIER

DIRECTOR ELECTIONS

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.8%

The 121 asset managers below cast 99.8% of the shares they voted on this item FOR (76,449,509 for, 78,057 against).

FOR: 76,449,509 (99.9%)AGAINST: 78,057 (0.1%)UNKNOWN: 29,928 (0.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: MICHEL LETELLIER” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	31,265,983	0	For
Capital Group	6,912,186	0	For
MFS	5,204,462	0	For
Fidelity	4,194,782	0	For
BlackRock	3,881,028	0	For
JPMorgan	2,757,604	0	For
T. Rowe Price	1,892,080	0	For
Putnam	1,598,100	0	For
HARDING LOEVNER FUNDS INC	1,356,551	0	For
BNY Mellon	1,344,637	0	For
Charles Schwab	1,275,627	0	For
Hartford	1,135,063	0	For
Dimensional	996,891	0	For
Bridge Builder Trust	956,714	0	For
Artisan	927,600	0	For
TIAA	926,927	0	For
Northern Trust	760,248	41,577	For
Brighthouse	790,698	0	For
State Street	723,004	0	For
New York Life	639,649	0	For
First Trust	478,162	0	For
Prudential/PGIM	472,215	0	For
AMANA MUTUAL FUNDS TRUST	384,000	0	For
AllianceBernstein	372,062	0	For
Principal	348,547	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

8. ELECTION OF DIRECTOR: ROBERT KNIGHT

DIRECTOR ELECTIONS

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 121 asset managers below cast 99.9% of the shares they voted on this item FOR (76,508,038 for, 19,528 against).

FOR: 76,508,038 (99.9%)AGAINST: 19,528 (0.0%)UNKNOWN: 29,928 (0.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: ROBERT KNIGHT” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Vanguard	31,265,983	For
Capital Group	6,912,186	For
MFS	5,204,462	For
Fidelity	4,194,782	For
BlackRock	3,881,028	For
JPMorgan	2,757,604	For
T. Rowe Price	1,892,080	For
Putnam	1,598,100	For
HARDING LOEVNER FUNDS INC	1,356,551	For
BNY Mellon	1,344,637	For
Charles Schwab	1,275,627	For
Hartford	1,135,063	For
Dimensional	996,891	For
Bridge Builder Trust	956,714	For
Artisan	927,600	For
TIAA	926,927	For
Northern Trust	801,825	For
Brighthouse	790,698	For
State Street	723,004	For
New York Life	639,649	For
First Trust	478,162	For
Prudential/PGIM	472,215	For
AMANA MUTUAL FUNDS TRUST	384,000	For
AllianceBernstein	372,062	For
Principal	348,547	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

9. ELECTION OF DIRECTOR: SUSAN C. JONES

DIRECTOR ELECTIONS

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 121 asset managers below cast 99.9% of the shares they voted on this item FOR (76,508,038 for, 19,528 against).

FOR: 76,508,038 (99.9%)AGAINST: 19,528 (0.0%)UNKNOWN: 29,928 (0.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: SUSAN C. JONES” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Vanguard	31,265,983	For
Capital Group	6,912,186	For
MFS	5,204,462	For
Fidelity	4,194,782	For
BlackRock	3,881,028	For
JPMorgan	2,757,604	For
T. Rowe Price	1,892,080	For
Putnam	1,598,100	For
HARDING LOEVNER FUNDS INC	1,356,551	For
BNY Mellon	1,344,637	For
Charles Schwab	1,275,627	For
Hartford	1,135,063	For
Dimensional	996,891	For
Bridge Builder Trust	956,714	For
Artisan	927,600	For
TIAA	926,927	For
Northern Trust	801,825	For
Brighthouse	790,698	For
State Street	723,004	For
New York Life	639,649	For
First Trust	478,162	For
Prudential/PGIM	472,215	For
AMANA MUTUAL FUNDS TRUST	384,000	For
AllianceBernstein	372,062	For
Principal	348,547	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

10. ELECTION OF DIRECTOR: TRACY ROBINSON

DIRECTOR ELECTIONS

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 121 asset managers below cast 99.9% of the shares they voted on this item FOR (76,506,130 for, 21,436 against).

FOR: 76,506,130 (99.9%)AGAINST: 21,436 (0.0%)UNKNOWN: 29,928 (0.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: TRACY ROBINSON” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Vanguard	31,265,983	For
Capital Group	6,912,186	For
MFS	5,204,462	For
Fidelity	4,194,782	For
BlackRock	3,881,028	For
JPMorgan	2,757,604	For
T. Rowe Price	1,892,080	For
Putnam	1,598,100	For
HARDING LOEVNER FUNDS INC	1,356,551	For
BNY Mellon	1,344,637	For
Charles Schwab	1,275,627	For
Hartford	1,135,063	For
Dimensional	996,891	For
Bridge Builder Trust	956,714	For
Artisan	927,600	For
TIAA	926,927	For
Northern Trust	801,825	For
Brighthouse	790,698	For
State Street	723,004	For
New York Life	639,649	For
First Trust	478,162	For
Prudential/PGIM	472,215	For
AMANA MUTUAL FUNDS TRUST	384,000	For
AllianceBernstein	372,062	For
Principal	348,547	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

11. ELECTION OF DIRECTOR: SHAUNEEN BRUDER

DIRECTOR ELECTIONS

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.8%

The 120 asset managers below cast 99.8% of the shares they voted on this item FOR (76,429,981 for, 97,585 against).

FOR: 76,429,981 (99.9%)AGAINST: 97,585 (0.1%)

Largest asset managers voting on “ELECTION OF DIRECTOR: SHAUNEEN BRUDER” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	31,265,983	0	For
Capital Group	6,912,186	0	For
MFS	5,204,462	0	For
Fidelity	4,194,782	0	For
BlackRock	3,881,028	0	For
JPMorgan	2,757,604	0	For
T. Rowe Price	1,892,080	0	For
Putnam	1,598,100	0	For
HARDING LOEVNER FUNDS INC	1,356,551	0	For
BNY Mellon	1,344,637	0	For
Charles Schwab	1,275,627	0	For
Hartford	1,135,063	0	For
Dimensional	996,891	0	For
Bridge Builder Trust	956,714	0	For
Artisan	927,600	0	For
TIAA	926,927	0	For
Northern Trust	760,248	41,577	For
Brighthouse	790,698	0	For
State Street	723,004	0	For
New York Life	639,649	0	For
First Trust	478,162	0	For
Prudential/PGIM	472,215	0	For
AMANA MUTUAL FUNDS TRUST	384,000	0	For
AllianceBernstein	372,062	0	For
Principal	348,547	0	For

Showing the 25 largest of 120 asset managers. See all 120 in the interactive database.

12. ELECTION OF DIRECTOR: AL MONACO

DIRECTOR ELECTIONS

Meeting held 2024-04-26; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 110 asset managers below cast 99.7% of the shares they voted on this item FOR (55,282,628 for, 119,021 against).

FOR: 55,282,628 (99.8%)AGAINST: 119,021 (0.2%)

Largest asset managers voting on “ELECTION OF DIRECTOR: AL MONACO” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	15,318,016	0	For
Capital Group	6,912,186	0	For
MFS	5,204,462	0	For
Fidelity	4,194,782	0	For
BlackRock	3,881,028	0	For
JPMorgan	2,757,604	0	For
T. Rowe Price	1,892,080	0	For
HARDING LOEVNER FUNDS INC	1,356,551	0	For
BNY Mellon	1,344,637	0	For
Dimensional	996,891	0	For
Bridge Builder Trust	956,714	0	For
Artisan	927,600	0	For
TIAA	926,927	0	For
Northern Trust	760,248	41,577	For
State Street	723,004	0	For
New York Life	518,140	0	For
First Trust	478,162	0	For
AMANA MUTUAL FUNDS TRUST	384,000	0	For
AllianceBernstein	372,062	0	For
Principal	348,547	0	For
REAVES UTILITY INCOME FUND	330,000	0	For
Thrivent	326,787	0	For
INTERNATIONAL GROWTH & INCOME FUND	324,483	0	For
Prudential/PGIM	298,557	0	For
Manning & Napier	289,795	0	For

Showing the 25 largest of 110 asset managers. See all 110 in the interactive database.

13. Advisory Vote on Executive Compensation Approach

COMPENSATION

Meeting held 2024-04-26; no official results are on file for this meeting.

91% fund support · no official result

FOR 91%9%

The 84 asset managers below cast 91% of the shares they voted on this item FOR (62,525,030 for, 6,283,987 against).

FOR: 62,525,030 (90.9%)AGAINST: 6,283,987 (9.1%)

Largest asset managers voting on “Advisory Vote on Executive Compensation Approach” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	15,318,016	0	For
Walter Scott & Partners Ltd	7,373,380	0	For
Capital Group	6,912,186	0	For
Desjardins Global Asset Management Inc.	0	6,119,928	Against
MFS	5,204,462	0	For
Fidelity	4,194,782	0	For
BlackRock	3,881,028	0	For
JPMorgan	3,220,878	0	For
T. Rowe Price	1,892,080	0	For
APG Asset Management US Inc.	1,345,955	0	For
BNY Mellon	1,344,637	0	For
Dimensional	996,891	0	For
Artisan	927,600	0	For
TIAA	926,927	0	For
Dixon Mitchell Investment Counsel Inc.	923,274	0	For
Northern Trust	801,825	0	For
MONTRUSCO BOLTON INVESTMENTS INC.	754,353	0	For
State Street	723,004	0	For
New York Life	518,140	0	For
First Trust	478,162	0	For
AllianceBernstein	372,062	0	For
Principal	348,547	0	For
Thrivent	326,787	0	For
INTERNATIONAL GROWTH & INCOME FUND	324,483	0	For
Prudential/PGIM	298,557	0	For

Showing the 25 largest of 84 asset managers. See all 84 in the interactive database.

14. Amend Long-Term Incentive Plan

COMPENSATION

Meeting held 2024-04-26; no official results are on file for this meeting.

99.8% fund support · no official result

FOR 99.8%

The 74 asset managers below cast 99.8% of the shares they voted on this item FOR (49,270,761 for, 97,406 against).

FOR: 49,270,761 (99.8%)AGAINST: 97,406 (0.2%)

Largest asset managers voting on “Amend Long-Term Incentive Plan” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Vanguard	15,318,016	For
Capital Group	6,912,186	For
MFS	5,204,462	For
Fidelity	4,194,782	For
BlackRock	3,881,028	For
T. Rowe Price	1,892,080	For
BNY Mellon	1,344,637	For
Dimensional	996,891	For
Artisan	927,600	For
TIAA	926,927	For
Dixon Mitchell Investment Counsel Inc.	923,274	For
Northern Trust	801,825	For
State Street	723,004	For
New York Life	518,140	For
First Trust	478,162	For
AllianceBernstein	372,062	For
Principal	348,547	For
Thrivent	326,787	For
INTERNATIONAL GROWTH & INCOME FUND	324,483	For
Prudential/PGIM	298,557	For
Brighthouse	282,664	For
Columbia Threadneedle	252,530	For
Invesco	180,891	For
WILLIAM BLAIR FUNDS	167,315	For
Pacific Life	146,877	For

Showing the 25 largest of 74 asset managers. See all 74 in the interactive database.

15. Approve Advance Notice Requirement

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2024-04-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 72 asset managers below cast 100% of the shares they voted on this item FOR (48,306,992 for, 0 against).

FOR: 48,306,992 (100.0%)

Largest asset managers voting on “Approve Advance Notice Requirement” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Vanguard	15,318,016	For
Capital Group	6,912,186	For
MFS	5,204,462	For
Fidelity	4,194,782	For
BlackRock	3,881,028	For
T. Rowe Price	1,892,080	For
BNY Mellon	1,344,637	For
Dimensional	996,891	For
Artisan	927,600	For
TIAA	926,927	For
Northern Trust	801,825	For
State Street	723,004	For
New York Life	518,140	For
First Trust	478,162	For
AllianceBernstein	372,062	For
Principal	348,547	For
Thrivent	326,787	For
INTERNATIONAL GROWTH & INCOME FUND	324,483	For
Prudential/PGIM	298,557	For
Brighthouse	282,664	For
Columbia Threadneedle	252,530	For
Invesco	180,891	For
WILLIAM BLAIR FUNDS	167,315	For
Pacific Life	146,877	For
Franklin Templeton	138,816	For

Showing the 25 largest of 72 asset managers. See all 72 in the interactive database.

16. Management Advisory Vote on Climate Change

ENVIRONMENT OR CLIMATE

Meeting held 2024-04-26; no official results are on file for this meeting.

97% fund support · no official result

FOR 97%

The 72 asset managers below cast 97% of the shares they voted on this item FOR (46,984,714 for, 1,322,002 against).

FOR: 46,984,714 (97.3%)AGAINST: 1,322,002 (2.7%)

Largest asset managers voting on “Management Advisory Vote on Climate Change” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	15,318,016	0	For
Capital Group	6,912,186	0	For
MFS	5,204,462	0	For
Fidelity	4,194,782	0	For
BlackRock	3,881,028	0	For
T. Rowe Price	1,892,080	0	For
BNY Mellon	1,344,637	0	For
Dimensional	0	996,891	Against
Artisan	927,600	0	For
TIAA	926,927	0	For
Northern Trust	801,825	0	For
State Street	723,004	0	For
New York Life	518,140	0	For
First Trust	478,162	0	For
AllianceBernstein	372,062	0	For
Principal	348,547	0	For
Thrivent	326,787	0	For
INTERNATIONAL GROWTH & INCOME FUND	324,483	0	For
Prudential/PGIM	298,557	0	For
Brighthouse	282,664	0	For
Columbia Threadneedle	0	252,530	Against
Invesco	180,891	0	For
WILLIAM BLAIR FUNDS	167,315	0	For
Pacific Life	146,877	0	For
Franklin Templeton	138,816	0	For

Showing the 25 largest of 72 asset managers. See all 72 in the interactive database.

17. Ratify KPMG LLP as Auditors

AUDIT-RELATED

Meeting held 2024-04-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 72 asset managers below cast 100% of the shares they voted on this item FOR (48,306,992 for, 0 against).

FOR: 48,306,992 (100.0%)

Largest asset managers voting on “Ratify KPMG LLP as Auditors” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Vanguard	15,318,016	For
Capital Group	6,912,186	For
MFS	5,204,462	For
Fidelity	4,194,782	For
BlackRock	3,881,028	For
T. Rowe Price	1,892,080	For
BNY Mellon	1,344,637	For
Dimensional	996,891	For
Artisan	927,600	For
TIAA	926,927	For
Northern Trust	801,825	For
State Street	723,004	For
New York Life	518,140	For
First Trust	478,162	For
AllianceBernstein	372,062	For
Principal	348,547	For
Thrivent	326,787	For
INTERNATIONAL GROWTH & INCOME FUND	324,483	For
Prudential/PGIM	298,557	For
Brighthouse	282,664	For
Columbia Threadneedle	252,530	For
Invesco	180,891	For
WILLIAM BLAIR FUNDS	167,315	For
Pacific Life	146,877	For
Franklin Templeton	138,816	For

Showing the 25 largest of 72 asset managers. See all 72 in the interactive database.

18. SP 1: Adopt a Paid Sick Leave Policy

DIVERSITY, EQUITY, AND INCLUSION

Meeting held 2024-04-26; no official results are on file for this meeting.

1% fund support · no official result

AGAINST 99%

The 72 asset managers below cast 1% of the shares they voted on this item FOR (687,489 for, 47,619,503 against).

FOR: 687,489 (1.4%)AGAINST: 47,619,503 (98.6%)

Largest asset managers voting on “SP 1: Adopt a Paid Sick Leave Policy” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	0	15,318,016	Against
Capital Group	0	6,912,186	Against
MFS	0	5,204,462	Against
Fidelity	940	4,193,842	Against
BlackRock	0	3,881,028	Against
T. Rowe Price	0	1,892,080	Against
BNY Mellon	0	1,344,637	Against
Dimensional	0	996,891	Against
Artisan	0	927,600	Against
TIAA	0	926,927	Against
Northern Trust	41,577	760,248	Against
State Street	0	723,004	Against
New York Life	2,082	516,058	Against
First Trust	0	478,162	Against
AllianceBernstein	0	372,062	Against
Principal	4,300	344,247	Against
Thrivent	0	326,787	Against
INTERNATIONAL GROWTH & INCOME FUND	0	324,483	Against
Prudential/PGIM	0	298,557	Against
Brighthouse	0	282,664	Against
Columbia Threadneedle	0	252,530	Against
Invesco	0	180,891	Against
WILLIAM BLAIR FUNDS	167,315	0	For
Pacific Life	0	146,877	Against
Franklin Templeton	138,816	0	For

Showing the 25 largest of 72 asset managers. See all 72 in the interactive database.

19. Non-binding advisory resolution (the full text of which is set out on page 15 of the Information Circular) to accept the approach to executive compensation disclosed in the Information Circular

COMPENSATION

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.6% fund support · no official result

FOR 99.6%

The 43 asset managers below cast 99.6% of the shares they voted on this item FOR (5,672,676 for, 17,511 against).

FOR: 5,672,676 (99.7%)AGAINST: 17,511 (0.3%)

Largest asset managers voting on “Non-binding advisory resolution (the full text of which is set out on page 15 of the Information Circular) to ” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Fiera Capital Corp	4,590,953	0	For
Northern Trust	462,649	4,112	For
John Hancock	123,079	0	For
Janney Montgomery Scott LLC	119,120	0	For
Bridge Builder Trust	91,574	0	For
JARISLOWSKY, FRASER Ltd	58,045	0	For
Korea Investment CORP	35,527	0	For
Investment Managers Series Trust	34,420	0	For
CHEMUNG CANAL TRUST CO	24,846	0	For
Advisors' Inner Circle Fund III	19,500	0	For
FIRST MERCHANTS CORP	16,635	0	For
TRUST FOR PROFESSIONAL MANAGERS	14,940	0	For
Northern Lights Fund Trust IV	0	13,399	Against
Ativo Capital Management LLC	12,640	0	For
BECK MACK & OLIVER LLC	8,100	0	For
Torrington Savings Bank	7,828	0	For
Listed Funds Trust	5,712	0	For
HARDING LOEVNER LP	5,641	0	For
Trust Co of the South	4,870	0	For
Allianz	4,779	0	For
Sanibel Captiva Trust Company, Inc.	3,977	0	For
Tidal ETF Trust	3,910	0	For
Trust Point Inc.	3,601	0	For
South Dakota Investment Council	3,370	0	For
Glenview Trust Co	3,289	0	For

Showing the 25 largest of 43 asset managers. See all 43 in the interactive database.

20. APPOINTMENT OF KPMG LLP AS AUDITORS.

AUDIT-RELATED

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.7% fund support · no official result

FOR 99.7%

The 41 asset managers below cast 99.7% of the shares they voted on this item FOR (7,074,334 for, 19,500 against).

FOR: 7,074,334 (99.7%)AGAINST: 19,500 (0.3%)ABSTAIN: 28 (0.0%)WITHHOLD/ABSTAIN: 795 (0.0%)

Largest asset managers voting on “APPOINTMENT OF KPMG LLP AS AUDITORS.” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
JPMorgan	2,757,604	0	For
HARDING LOEVNER FUNDS INC	1,356,551	0	For
Bridge Builder Trust	956,714	0	For
AMANA MUTUAL FUNDS TRUST	384,000	0	For
REAVES UTILITY INCOME FUND	330,000	0	For
Manning & Napier	289,795	0	For
Cohen & Steers	164,490	0	For
RBB FUND, INC.	123,718	0	For
John Hancock	123,079	0	For
Jackson National	117,989	0	For
YCG Funds	113,392	0	For
BUFFALO FUNDS	110,601	0	For
Brown Advisory Funds	72,685	0	For
Investment Managers Series Trust	34,420	0	For
Northern Lights Fund Trust IV	21,436	0	For
Advisors' Inner Circle Fund III	0	19,500	Against
TRUST FOR PROFESSIONAL MANAGERS	14,940	0	For
Morningstar Funds Trust	13,450	0	For
SATURNA INVESTMENT TRUST	12,000	0	For
HOMESTEAD FUNDS INC	10,749	0	For
Guardian Variable Products Trust	10,445	0	For
SCHWARTZ INVESTMENT TRUST	8,000	0	For
CULLEN FUNDS TRUST	7,548	0	For
Listed Funds Trust	5,712	0	For
Pacer Funds Trust	5,686	0	For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

21. RESOLUTION (THE FULL TEXT OF WHICH IS SET OUT ON PAGE 14 OF THE MANAGEMENT PROXY CIRCULAR) TO APPROVE PROPOSED AMENDMENTS TO THE MANAGEMENT LONG-TERM INCENTIVE PLAN.

OTHER

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 35 asset managers below cast 99.9% of the shares they voted on this item FOR (6,957,294 for, 228 against).

FOR: 6,957,294 (100.0%)AGAINST: 228 (0.0%)

Largest asset managers voting on “RESOLUTION (THE FULL TEXT OF WHICH IS SET OUT ON PAGE 14 OF THE MANAGEMENT PROXY CIRCULAR) TO APPROVE PROPOSED” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
JPMorgan	2,757,604	For
HARDING LOEVNER FUNDS INC	1,356,551	For
Bridge Builder Trust	865,140	For
AMANA MUTUAL FUNDS TRUST	384,000	For
REAVES UTILITY INCOME FUND	330,000	For
Manning & Napier	289,795	For
Cohen & Steers	164,490	For
RBB FUND, INC.	123,718	For
Jackson National	117,989	For
YCG Funds	113,392	For
BUFFALO FUNDS	110,601	For
NORTHSTAR ASSET MANAGEMENT INC	95,434	For
Callahan Advisors, LLC	74,123	For
Brown Advisory Funds	72,685	For
Morningstar Funds Trust	13,450	For
SATURNA INVESTMENT TRUST	12,000	For
HOMESTEAD FUNDS INC	10,749	For
Guardian Variable Products Trust	10,445	For
Birch Capital Management, LLC	8,695	For
Northern Lights Fund Trust IV	8,037	For
SCHWARTZ INVESTMENT TRUST	8,000	For
CULLEN FUNDS TRUST	7,548	For
Pacer Funds Trust	5,171	For
Ultimus Managers Trust	4,928	For
CITY NATIONAL ROCHDALE FUNDS	4,351	For

Showing the 25 largest of 35 asset managers. See all 35 in the interactive database.

22. NON-BINDING ADVISORY RESOLUTION (THE FULL TEXT OF WHICH IS SET OUT ON PAGE 15 OF THE MANAGEMENT PROXY CIRCULAR) TO ACCEPT THE CLIMATE ACTION PLAN AS DISCLOSED IN THE MANAGEMENT PROXY CIRCULAR.

OTHER

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.8%

The 31 asset managers below cast 99.8% of the shares they voted on this item FOR (6,767,133 for, 12,137 against).

FOR: 6,767,133 (99.8%)AGAINST: 12,137 (0.2%)

Largest asset managers voting on “NON-BINDING ADVISORY RESOLUTION (THE FULL TEXT OF WHICH IS SET OUT ON PAGE 15 OF THE MANAGEMENT PROXY CIRCULAR” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
JPMorgan	2,757,604	0	For
HARDING LOEVNER FUNDS INC	1,356,551	0	For
Bridge Builder Trust	865,140	0	For
AMANA MUTUAL FUNDS TRUST	384,000	0	For
REAVES UTILITY INCOME FUND	330,000	0	For
Manning & Napier	289,795	0	For
Cohen & Steers	164,490	0	For
RBB FUND, INC.	123,718	0	For
Jackson National	114,089	3,900	For
YCG Funds	113,392	0	For
BUFFALO FUNDS	110,601	0	For
Brown Advisory Funds	72,685	0	For
Morningstar Funds Trust	13,450	0	For
SATURNA INVESTMENT TRUST	12,000	0	For
HOMESTEAD FUNDS INC	10,749	0	For
Guardian Variable Products Trust	10,445	0	For
Northern Lights Fund Trust IV	0	8,037	Against
SCHWARTZ INVESTMENT TRUST	8,000	0	For
CULLEN FUNDS TRUST	7,548	0	For
Pacer Funds Trust	5,171	0	For
Ultimus Managers Trust	4,928	0	For
CITY NATIONAL ROCHDALE FUNDS	4,351	0	For
Gateway Trust	3,371	0	For
HOWLAND CAPITAL MANAGEMENT LLC	3,244	0	For
Decatur Capital Management, Inc.	795	0	For

Showing the 25 largest of 31 asset managers. See all 31 in the interactive database.

23. RESOLUTION (THE FULL TEXT OF WHICH IS SET OUT ON PAGE 14 OF THE MANAGEMENT PROXY CIRCULAR) TO CONFIRM THE ADOPTION OF AND TO RATIFY BY-LAW NO. 2 RELATING TO THE ADVANCE NOMINATIONS OF DIRECTORS.

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 31 asset managers below cast 100% of the shares they voted on this item FOR (6,779,270 for, 0 against).

FOR: 6,779,270 (100.0%)

Largest asset managers voting on “RESOLUTION (THE FULL TEXT OF WHICH IS SET OUT ON PAGE 14 OF THE MANAGEMENT PROXY CIRCULAR) TO CONFIRM THE ADOP” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
JPMorgan	2,757,604	For
HARDING LOEVNER FUNDS INC	1,356,551	For
Bridge Builder Trust	865,140	For
AMANA MUTUAL FUNDS TRUST	384,000	For
REAVES UTILITY INCOME FUND	330,000	For
Manning & Napier	289,795	For
Cohen & Steers	164,490	For
RBB FUND, INC.	123,718	For
Jackson National	117,989	For
YCG Funds	113,392	For
BUFFALO FUNDS	110,601	For
Brown Advisory Funds	72,685	For
Morningstar Funds Trust	13,450	For
SATURNA INVESTMENT TRUST	12,000	For
HOMESTEAD FUNDS INC	10,749	For
Guardian Variable Products Trust	10,445	For
Northern Lights Fund Trust IV	8,037	For
SCHWARTZ INVESTMENT TRUST	8,000	For
CULLEN FUNDS TRUST	7,548	For
Pacer Funds Trust	5,171	For
Ultimus Managers Trust	4,928	For
CITY NATIONAL ROCHDALE FUNDS	4,351	For
Gateway Trust	3,371	For
HOWLAND CAPITAL MANAGEMENT LLC	3,244	For
Decatur Capital Management, Inc.	795	For

Showing the 25 largest of 31 asset managers. See all 31 in the interactive database.

24. Shareholder proposal (the full text of which and supporting statement, together with the Board of Directors' response and voting recommendation, is set out in Schedule "E" of the management proxy circular).

OTHER

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

6% fund support · no official result

AGAINST 94%

The 29 asset managers below cast 6% of the shares they voted on this item FOR (425,589 for, 6,340,203 against).

FOR: 425,589 (6.3%)AGAINST: 6,340,203 (93.7%)

Largest asset managers voting on “Shareholder proposal (the full text of which and supporting statement, together with the Board of Directors' r” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
JPMorgan	0	2,757,604	Against
HARDING LOEVNER FUNDS INC	0	1,356,551	Against
Bridge Builder Trust	0	865,140	Against
AMANA MUTUAL FUNDS TRUST	0	384,000	Against
REAVES UTILITY INCOME FUND	0	330,000	Against
Manning & Napier	289,795	0	For
Cohen & Steers	0	164,490	Against
RBB FUND, INC.	123,718	0	For
Jackson National	0	117,989	Against
YCG Funds	0	113,392	Against
BUFFALO FUNDS	0	110,601	Against
Brown Advisory Funds	0	72,685	Against
SATURNA INVESTMENT TRUST	0	12,000	Against
HOMESTEAD FUNDS INC	0	10,749	Against
Guardian Variable Products Trust	0	10,445	Against
Northern Lights Fund Trust IV	8,037	0	For
SCHWARTZ INVESTMENT TRUST	0	8,000	Against
CULLEN FUNDS TRUST	0	7,548	Against
Pacer Funds Trust	0	5,171	Against
Ultimus Managers Trust	0	4,928	Against
CITY NATIONAL ROCHDALE FUNDS	0	4,351	Against
Gateway Trust	0	3,371	Against
HOWLAND CAPITAL MANAGEMENT LLC	3,244	0	For
Decatur Capital Management, Inc.	795	0	For
EA Series Trust	0	645	Against

Showing the 25 largest of 29 asset managers. See all 29 in the interactive database.

25. Advisory Vote to Ratify Named Executive Officers' Compensation

COMPENSATION

Meeting held 2024-04-26; no official results are on file for this meeting.

99% fund support · no official result

FOR 99%

The 24 asset managers below cast 99% of the shares they voted on this item FOR (34,065,368 for, 430,965 against).

FOR: 34,065,368 (98.8%)AGAINST: 430,965 (1.2%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	15,947,967	0	For
TD ASSET MANAGEMENT INC	12,910,018	0	For
Putnam	1,598,100	0	For
Charles Schwab	1,275,627	0	For
Hartford	1,135,063	0	For
Brighthouse	508,034	0	For
Russell Investments	280,360	0	For
Regime de rentes du Mouvement Desjardins	0	199,891	Against
Prudential/PGIM	173,658	0	For
New York Life	121,509	0	For
Genus Capital Management Inc.	0	116,450	Against
Union Investment Privatfonds GmbH	0	114,624	Against
Partners Group Private Equity (Master Fund), LLC	33,222	0	For
MassMutual	25,130	0	For
Triasima Portfolio Management inc.	20,925	0	For
Capitol Series Trust	12,785	0	For
IMPAX FUNDS SERIES TRUST III	10,954	0	For
Financiere des Professionnels - Fonds d,investissement inc.	7,480	0	For
Federated Hermes	1,651	0	For
Delaware/Macquarie	1,156	0	For
Edgemoor Investment Advisors, Inc.	878	0	For
Northern Lights Fund Trust IV	501	0	For
Mercer Funds	200	0	For
Hanson & Doremus Investment Management	150	0	For

26. Amendment to the Management Long-Term Incentive Plan

COMPENSATION

Meeting held 2024-04-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 17 asset managers below cast 100% of the shares they voted on this item FOR (21,240,541 for, 0 against).

FOR: 21,240,541 (100.0%)

Largest asset managers voting on “Amendment to the Management Long-Term Incentive Plan” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Vanguard	15,947,967	For
Putnam	1,598,100	For
Charles Schwab	1,275,627	For
Hartford	1,135,063	For
Brighthouse	508,034	For
Russell Investments	280,360	For
Prudential/PGIM	173,658	For
New York Life	121,509	For
Union Investment Privatfonds GmbH	114,624	For
Partners Group Private Equity (Master Fund), LLC	33,222	For
MassMutual	25,130	For
Capitol Series Trust	12,785	For
IMPAX FUNDS SERIES TRUST III	10,954	For
Federated Hermes	1,651	For
Delaware/Macquarie	1,156	For
Northern Lights Fund Trust IV	501	For
Mercer Funds	200	For

27. Adoption of Advance Notice By-Law

CORPORATE GOVERNANCE

Meeting held 2024-04-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 16 asset managers below cast 100% of the shares they voted on this item FOR (21,125,917 for, 0 against).

FOR: 21,125,917 (100.0%)

Largest asset managers voting on “Adoption of Advance Notice By-Law” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Vanguard	15,947,967	For
Putnam	1,598,100	For
Charles Schwab	1,275,627	For
Hartford	1,135,063	For
Brighthouse	508,034	For
Russell Investments	280,360	For
Prudential/PGIM	173,658	For
New York Life	121,509	For
Partners Group Private Equity (Master Fund), LLC	33,222	For
MassMutual	25,130	For
Capitol Series Trust	12,785	For
IMPAX FUNDS SERIES TRUST III	10,954	For
Federated Hermes	1,651	For
Delaware/Macquarie	1,156	For
Northern Lights Fund Trust IV	501	For
Mercer Funds	200	For

28. Advisory Vote on Climate Action Plan

ENVIRONMENT OR CLIMATE

Meeting held 2024-04-26; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 16 asset managers below cast 99.9% of the shares they voted on this item FOR (21,114,963 for, 10,954 against).

FOR: 21,114,963 (99.9%)AGAINST: 10,954 (0.1%)

Largest asset managers voting on “Advisory Vote on Climate Action Plan” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	15,947,967	0	For
Putnam	1,598,100	0	For
Charles Schwab	1,275,627	0	For
Hartford	1,135,063	0	For
Brighthouse	508,034	0	For
Russell Investments	280,360	0	For
Prudential/PGIM	173,658	0	For
New York Life	121,509	0	For
Partners Group Private Equity (Master Fund), LLC	33,222	0	For
MassMutual	25,130	0	For
Capitol Series Trust	12,785	0	For
IMPAX FUNDS SERIES TRUST III	0	10,954	Against
Federated Hermes	1,651	0	For
Delaware/Macquarie	1,156	0	For
Northern Lights Fund Trust IV	501	0	For
Mercer Funds	200	0	For

29. Appointment of Auditor

AUDIT-RELATED

Meeting held 2024-04-26; no official results are on file for this meeting.

94% fund support · no official result

FOR 93%

The 16 asset managers below cast 94% of the shares they voted on this item FOR (19,749,138 for, 1,253,467 against).

FOR: 19,749,138 (93.5%)AGAINST: 1,253,467 (5.9%)ABSTAIN: 123,312 (0.6%)

Largest asset managers voting on “Appointment of Auditor” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	14,596,818	1,253,467	97,682	For
Putnam	1,598,100	0	0	For
Charles Schwab	1,275,627	0	0	For
Hartford	1,127,917	0	7,146	For
Brighthouse	502,335	0	5,699	For
Russell Investments	280,360	0	0	For
Prudential/PGIM	173,658	0	0	For
New York Life	121,509	0	0	For
Partners Group Private Equity (Master Fund), LLC	33,222	0	0	For
MassMutual	25,130	0	0	For
Capitol Series Trust	0	0	12,785	Abstain
IMPAX FUNDS SERIES TRUST III	10,954	0	0	For
Federated Hermes	1,651	0	0	For
Delaware/Macquarie	1,156	0	0	For
Northern Lights Fund Trust IV	501	0	0	For
Mercer Funds	200	0	0	For

30. Elect Al Monaco

DIRECTOR ELECTIONS

Meeting held 2024-04-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 16 asset managers below cast 100% of the shares they voted on this item FOR (21,125,917 for, 0 against).

FOR: 21,125,917 (100.0%)

Largest asset managers voting on “Elect Al Monaco” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Vanguard	15,947,967	For
Putnam	1,598,100	For
Charles Schwab	1,275,627	For
Hartford	1,135,063	For
Brighthouse	508,034	For
Russell Investments	280,360	For
Prudential/PGIM	173,658	For
New York Life	121,509	For
Partners Group Private Equity (Master Fund), LLC	33,222	For
MassMutual	25,130	For
Capitol Series Trust	12,785	For
IMPAX FUNDS SERIES TRUST III	10,954	For
Federated Hermes	1,651	For
Delaware/Macquarie	1,156	For
Northern Lights Fund Trust IV	501	For
Mercer Funds	200	For

31. Shareholder Proposal Regarding Paid Sick Leave

HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE

Meeting held 2024-04-26; no official results are on file for this meeting.

0.2% fund support · no official result

AGAINST 99.8%

The 16 asset managers below cast 0.2% of the shares they voted on this item FOR (23,739 for, 21,102,178 against).

FOR: 23,739 (0.1%)AGAINST: 21,102,178 (99.9%)

Largest asset managers voting on “Shareholder Proposal Regarding Paid Sick Leave” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
Vanguard	0	15,947,967	Against
Putnam	0	1,598,100	Against
Charles Schwab	0	1,275,627	Against
Hartford	0	1,135,063	Against
Brighthouse	0	508,034	Against
Russell Investments	0	280,360	Against
Prudential/PGIM	0	173,658	Against
New York Life	0	121,509	Against
Partners Group Private Equity (Master Fund), LLC	0	33,222	Against
MassMutual	0	25,130	Against
Capitol Series Trust	12,785	0	For
IMPAX FUNDS SERIES TRUST III	10,954	0	For
Federated Hermes	0	1,651	Against
Delaware/Macquarie	0	1,156	Against
Northern Lights Fund Trust IV	0	501	Against
Mercer Funds	0	200	Against

32. NON-BINDING ADVISORY RESOLUTION (THE FULL TEXT OF WHICH IS SET OUT ON PAGE 15 OF THE INFORMATION CIRCULAR) TO ACCEPT THE CLIMATE ACTION PLAN AS DISCLOSED IN THE INFORMATION CIRCULAR

OTHER

Meeting held 2024-04-26; no official results are on file for this meeting.

94% fund support · no official result

FOR 93%

The 13 asset managers below cast 94% of the shares they voted on this item FOR (292,349 for, 17,326 against).

FOR: 292,349 (92.7%)AGAINST: 17,326 (5.5%)ABSTAIN: 5,712 (1.8%)

Largest asset managers voting on “NON-BINDING ADVISORY RESOLUTION (THE FULL TEXT OF WHICH IS SET OUT ON PAGE 15 OF THE INFORMATION CIRCULAR) TO ” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Abstain	Vote
John Hancock	123,079	0	0	For
Bridge Builder Trust	91,574	0	0	For
Investment Managers Series Trust	34,420	0	0	For
Advisors' Inner Circle Fund III	19,500	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	14,940	0	0	For
Northern Lights Fund Trust IV	0	13,399	0	Against
Listed Funds Trust	0	0	5,712	Abstain
Allianz	3,579	1,200	0	For
Tidal ETF Trust	3,910	0	0	For
TIMOTHY PLAN	0	2,727	0	Against
SP Funds Trust	601	0	0	For
Pacer Funds Trust	515	0	0	For
GPS Funds I	231	0	0	For

33. RESOLUTION (THE FULL TEXT OF WHICH IS SET OUT ON PAGE 14 OF THE INFORMATION CIRCULAR) CONFIRMING THE ADOPTION OF AND RATIFYING BY-LAW NO. 2 RELATING TO THE ADVANCE NOMINATIONS OF DIRECTORS

OTHER

Meeting held 2024-04-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (315,387 for, 0 against).

FOR: 315,387 (100.0%)

Largest asset managers voting on “RESOLUTION (THE FULL TEXT OF WHICH IS SET OUT ON PAGE 14 OF THE INFORMATION CIRCULAR) CONFIRMING THE ADOPTION ” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
John Hancock	123,079	For
Bridge Builder Trust	91,574	For
Investment Managers Series Trust	34,420	For
Advisors' Inner Circle Fund III	19,500	For
TRUST FOR PROFESSIONAL MANAGERS	14,940	For
Northern Lights Fund Trust IV	13,399	For
Listed Funds Trust	5,712	For
Allianz	4,779	For
Tidal ETF Trust	3,910	For
TIMOTHY PLAN	2,727	For
SP Funds Trust	601	For
Pacer Funds Trust	515	For
GPS Funds I	231	For

34. RESOLUTION (THE FULL TEXT OF WHICH IS SET OUT ON PAGE 14 OF THE INFORMATION CIRCULAR) TO APPROVE PROPOSED AMENDMENTS TO THE MANAGEMENT LONG- TERM INCENTIVE PLAN

CAPITAL STRUCTURE

Meeting held 2024-04-26; no official results are on file for this meeting.

93% fund support · no official result

FOR 93%7%

The 13 asset managers below cast 93% of the shares they voted on this item FOR (293,160 for, 22,227 against).

FOR: 293,160 (93.0%)AGAINST: 22,227 (7.0%)

Largest asset managers voting on “RESOLUTION (THE FULL TEXT OF WHICH IS SET OUT ON PAGE 14 OF THE INFORMATION CIRCULAR) TO APPROVE PROPOSED AMEN” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
John Hancock	123,079	0	For
Bridge Builder Trust	91,574	0	For
Investment Managers Series Trust	34,420	0	For
Advisors' Inner Circle Fund III	0	19,500	Against
TRUST FOR PROFESSIONAL MANAGERS	14,940	0	For
Northern Lights Fund Trust IV	13,399	0	For
Listed Funds Trust	5,712	0	For
Allianz	4,779	0	For
Tidal ETF Trust	3,910	0	For
TIMOTHY PLAN	0	2,727	Against
SP Funds Trust	601	0	For
Pacer Funds Trust	515	0	For
GPS Funds I	231	0	For

35. SHAREHOLDER PROPOSAL (THE FULL TEXT OF WHICH AND SUPPORTING STATEMENT, TOGETHER WITH THE BOARD OF DIRECTORS' RESPONSE AND VOTING RECOMMENDATION, IS SET OUT IN SCHEDULE ''E'' OF THE INFORMATION CIRCULAR)

OTHER

Meeting held 2024-04-26; no official results are on file for this meeting.

41% fund support · no official result

FOR 41%AGAINST 59%

The 13 asset managers below cast 41% of the shares they voted on this item FOR (130,185 for, 185,202 against).

FOR: 130,185 (41.3%)AGAINST: 185,202 (58.7%)

Largest asset managers voting on “SHAREHOLDER PROPOSAL (THE FULL TEXT OF WHICH AND SUPPORTING STATEMENT, TOGETHER WITH THE BOARD OF DIRECTORS' R” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Vote
John Hancock	0	123,079	Against
Bridge Builder Trust	91,574	0	For
Investment Managers Series Trust	0	34,420	Against
Advisors' Inner Circle Fund III	19,500	0	For
TRUST FOR PROFESSIONAL MANAGERS	0	14,940	Against
Northern Lights Fund Trust IV	13,399	0	For
Listed Funds Trust	5,712	0	For
Allianz	0	4,779	Against
Tidal ETF Trust	0	3,910	Against
TIMOTHY PLAN	0	2,727	Against
SP Funds Trust	0	601	Against
Pacer Funds Trust	0	515	Against
GPS Funds I	0	231	Against

36. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 8 asset managers below cast 100% of the shares they voted on this item FOR (163,397 for, 0 against).

FOR: 163,397 (100.0%)

Largest asset managers voting on “14A Executive Compensation” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Osher Van de Voorde Investment Management	140,759	For
Barnett & Company, Inc.	15,754	For
GRIMES & COMPANY, INC.	3,068	For
Penobscot Investment Management Company, Inc.	1,400	For
Lido Advisors, LLC	1,081	For
Sculati Wealth Management, LLC	960	For
VALUED ADVISERS TRUST	200	For
River Street Advisors LLC	175	For

37. Non-binding advisory resolution to accept the approach to executive compensation disclosed in the management proxy circular

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-04-26; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

100% fund support · no official result

FOR 92%8%

The 7 asset managers below cast 100% of the shares they voted on this item FOR (326,981 for, 0 against).

FOR: 326,981 (91.6%)UNKNOWN: 29,928 (8.4%)

Largest asset managers voting on “Non-binding advisory resolution to accept the approach to executive compensation disclosed in the management p” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Rempart Asset Management Inc.	184,477	For
WINDWARD CAPITAL MANAGEMENT CO /CA	87,233	For
Summerhill Capital Management lnc.	46,571	For
L. Roy Papp & Associates, LLP	0	Unknown
K.J. Harrison & Partners Inc	7,800	For
TIEMANN INVESTMENT ADVISORS, LLC	600	For
Financial Alternatives, Inc	300	For

38. Non-binding advisory resolution (the full text of which is set out on page 15 of the Information Circular) to accept the approach to executive compensation disclosed in the Information Circular.

SECTION 14A SAY-ON-PAY VOTES

Reported under meeting date 2025-05-02; no official results on file for that date (outside the 2023-2024 season's 1 July to 30 June window; reported in this season's filings).

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (247 for, 0 against).

FOR: 247 (100.0%)

Largest asset managers voting on “Non-binding advisory resolution (the full text of which is set out on page 15 of the Information Circular) to ” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Vote
Weil Company, Inc.	116	For
Meixler Investment Management, Ltd.	88	For
Foster Victor Wealth Advisors, LLC	43	For

39. Advisory Resolution on Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-04-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (566 for, 0 against).

FOR: 566 (100.0%)

Largest asset managers voting on “Advisory Resolution on Executive Compensation” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Abstain	Withheld	Vote
IQ EQ FUND MANAGEMENT (IRELAND) Ltd	566	0	0	0	For
IPConcept (Luxemburg) S.A.	0	0	0	0	--

40. Amend Omnibus Stock Plan

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-04-26; no official results are on file for this meeting.

0.1% fund support · no official result

AGAINST 99.9%

The 2 asset managers below cast 0.1% of the shares they voted on this item FOR (150 for, 199,891 against).

FOR: 150 (0.1%)AGAINST: 199,891 (99.9%)

Largest asset managers voting on “Amend Omnibus Stock Plan” at CANADIAN NATIONAL RAILWAY CO., 2023-2024
Asset manager	For	Against	Abstain	Withheld	Vote
Regime de rentes du Mouvement Desjardins	0	199,891	0	0	Against
Hanson & Doremus Investment Management	150	0	0	0	For

Largest CANADIAN NATIONAL RAILWAY CO. shareholders voting in 2023-2024

Ranked by the number of CANADIAN NATIONAL RAILWAY CO. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 642,700,000 shares outstanding at the time of that meeting.

Top CANADIAN NATIONAL RAILWAY CO. shareholders by shares voted, 2023-2024
#	Asset manager	% of shares outstanding
1	1832 Asset Management L.P.	1.60%
2	JARISLOWSKY, FRASER Ltd	0.95%
3	SCOTIA CAPITAL INC.	0.53%
4	JPMorgan	0.46%
5	HARDING LOEVNER LP	0.40%
6	HARDING LOEVNER FUNDS INC	0.21%
7	Northern Trust	0.16%
8	Manning & Napier	0.14%
9	Bridge Builder Trust	0.13%
10	RIVULET CAPITAL, LLC	0.13%

Reported CANADIAN NATIONAL RAILWAY CO. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

CANADIAN NATIONAL RAILWAY CO. beneficial owners on record for the 2023-2024 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	3.78%	13F
Wellington Management	3.11%	13F
BNY Mellon	2.07%	13F
Capital International	1.40%	13F
Norges Bank	0.94%	13F
T. Rowe Price	0.62%	13F
Goldman Sachs	0.54%	13F
JPMorgan Chase	0.43%	13F
Morgan Stanley	0.37%	13F
Geode Capital	0.36%	13F

Percentages above are of 642,700,000 shares outstanding, as reported by CANADIAN NATIONAL RAILWAY CO. on its Form 6-K dated 2023-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from CANADIAN NATIONAL RAILWAY CO.’s 6-K dated 2023-12-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At CANADIAN NATIONAL RAILWAY CO.'s shareholder meeting held 2024-04-26, in the 2023-2024 proxy season, 486 asset managers reported how they voted in their SEC Form N-PX filings, covering 6,775 separate fund positions. Their filings are grouped here into 40 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 — Non-binding advisory resolution (the full text of which is set out on page 15 of the management… — the reporting funds cast 99.2% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them 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.

CANADIAN NATIONAL RAILWAY CO. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.