Home › Companies › CANADIAN PACIFIC KANSAS CITY LTD. › 2023-2024

CANADIAN PACIFIC KANSAS CITY LTD. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and CANADIAN PACIFIC KANSAS CITY LTD.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

26Reported items
560Asset managers
7,261Fund votes
2024-04-24Meeting date

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

Explore CANADIAN PACIFIC KANSAS CITY LTD. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by CANADIAN PACIFIC KANSAS CITY LTD.

These tallies are CANADIAN PACIFIC KANSAS CITY LTD.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

CANADIAN PACIFIC KANSAS CITY LTD. — official shareholder meeting results, meeting held 2024-04-24
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Appointment of Auditor. The shareholders voted to approve the appointment of Ernst & Young LLP as CPKC's auditor until the close of CPKC's next annual meeting of shareholders.	759,380,945	0	1,311,398	1,311,398	8,504	Majority: yes
3) Advisory Vote to Approve CPKC's Approach to Say on Climate. The advisory vote on approach to climate change was approved.	658,264,300	79,167,565	0	0	23,268,982	Majority: yes
Elect Director: The Hon. John Baird	725,946,594	11,485,279	0	0	23,268,974	Majority: yes
Elect Director: Isabelle Courville	721,998,807	15,433,068	0	0	23,268,972	Majority: yes
Elect Director: Keith E. Creel	736,673,640	758,235	0	0	23,268,972	Majority: yes
Elect Director: Amb. Antonio Garza (Ret.)	735,296,274	2,135,595	0	0	23,268,973	Majority: yes
Elect Director: The Hon. Edward Hamberger	736,503,463	928,403	0	0	23,268,976	Majority: yes
Elect Director: Janet Kennedy	735,896,910	1,534,962	0	0	23,268,975	Majority: yes
Elect Director: Henry Maier	709,487,622	27,944,247	0	0	23,268,973	Majority: yes
Elect Director: Matthew Paull	724,103,045	13,328,825	0	0	23,268,972	Majority: yes
Elect Director: Jane Peverett	723,685,704	13,754,669	0	0	23,260,474	Majority: yes
Elect Director: Andrea Robertson	731,563,421	5,863,216	0	0	23,274,205	Majority: yes
Elect Director: Gordon Trafton	736,579,965	860,406	0	0	23,260,471	Majority: yes

This meeting is also recorded here as 2024-04-25; both records come from the same filing, so the date should be checked against it.

Source: CANADIAN PACIFIC KANSAS CITY LTD., Form 8-K — read the filing on EDGAR.

How asset managers voted at the CANADIAN PACIFIC KANSAS CITY LTD. 2023-2024 meeting

Each item below shows how the 560 asset managers that disclosed a CANADIAN PACIFIC KANSAS CITY LTD. 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 PACIFIC KANSAS CITY LTD.’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. Advisory vote to approve the Corporation's approach to executive compensation as described in the Proxy Circular.

COMPENSATION

Meeting held 2024-04-24.

Combines 11 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 414 asset managers below cast 98% of the shares they voted on this item FOR (96,609,013 for, 2,349,065 against).

FOR: 96,609,013 (97.6%)AGAINST: 2,349,065 (2.4%)ABSTAIN: 3,860 (0.0%)NOT VOTED: 38,280 (0.0%)

Largest asset managers voting on “Advisory vote to approve the Corporation's approach to executive compensation as described in the Proxy Circul” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
WCM INVESTMENT MANAGEMENT, LLC	18,596,855	0	For
1832 Asset Management L.P.	13,555,138	0	For
Investment Managers Series Trust	11,464,061	0	For
Bridge Builder Trust	6,020,781	554,363	For
Coronation Fund Managers Ltd.	5,969,071	0	For
Fiera Capital Corp	5,208,848	0	For
Northern Trust	4,317,491	6,371	For
SCOTIA CAPITAL INC.	4,174,775	0	For
JPMorgan	3,487,024	0	For
Meritage Group LP	2,081,187	0	For
Jackson National	1,881,298	0	For
ENVESTNET ASSET MANAGEMENT INC	1,543,591	0	For
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC	1,383,267	0	For
BAILLIE GIFFORD OVERSEAS LTD	0	1,307,832	Against
John Hancock	1,239,348	0	For
Cardinal Capital Management, Inc.	1,190,757	0	For
LOCUST WOOD CAPITAL ADVISERS, LLC	966,936	0	For
BRISTOL JOHN W & CO INC /NY/	856,564	0	For
Corient Private Wealth LLC	671,580	0	For
REAVES UTILITY INCOME FUND	642,000	0	For
Natixis	638,090	0	For
Skye Global Management LP	497,021	0	For
PNC BANK, NATIONAL ASSOCIATION	402,017	0	For
J. Goldman & Co LP	348,954	0	For
Bowie Capital Management, LLC	348,330	0	For

Showing the 25 largest of 414 asset managers. See all 414 in the interactive database.

2. ELECTION OF DIRECTOR: ANDREA ROBERTSON

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 3 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 731,563,421AGAINST: 5,863,216

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Andrea Robertson”): 731,563,421 for, 5,863,216 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 78% for, 0.7% against (79% of the company cast a for/against vote).

The 149 asset managers below cast 98% of the shares they voted on this item FOR (153,826,245 for, 2,720,012 against).

FOR 98%

FOR: 153,826,245 (98.3%)AGAINST: 2,720,012 (1.7%)

Largest asset managers voting on “ELECTION OF DIRECTOR: ANDREA ROBERTSON” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
Vanguard	22,948,837	0	For
Fidelity	21,403,837	0	For
Putnam	20,801,438	0	For
Capital Group	13,418,674	0	For
Investment Managers Series Trust	11,464,061	0	For
Bridge Builder Trust	6,575,144	0	For
BlackRock	5,606,920	0	For
MFS	4,774,040	0	For
T. Rowe Price	3,756,660	0	For
Legg Mason	3,310,572	0	For
JPMorgan	3,302,173	0	For
RWC Asset Management LLP	0	2,644,640	Against
Artisan	2,384,762	0	For
Jackson National	1,881,298	0	For
Charles Schwab	1,837,682	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	0	For
Morgan Stanley	1,669,425	0	For
OLD WESTBURY FUNDS INC	1,358,058	0	For
Franklin Custodian Funds	1,346,949	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	0	For
Northern Trust	1,279,139	5,332	For
John Hancock	1,239,348	0	For
Invesco	1,235,914	0	For
Thornburg	1,105,425	0	For
State Street	1,082,635	0	For

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

3. Elect Director Antonio Garza

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 4 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%

FOR: 735,296,274AGAINST: 2,135,595

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Amb. Antonio Garza (Ret.)”): 735,296,274 for, 2,135,595 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 79% for, 0.3% against (79% of the company cast a for/against vote).

The 149 asset managers below cast 100% of the shares they voted on this item FOR (153,917,136 for, 0 against).

FOR 100%

FOR: 153,917,136 (100.0%)

Largest asset managers voting on “Elect Director Antonio Garza” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Vote
Vanguard	22,948,837	For
Fidelity	21,403,837	For
Putnam	20,801,438	For
Capital Group	13,418,674	For
Investment Managers Series Trust	11,464,061	For
Bridge Builder Trust	6,575,144	For
BlackRock	5,606,920	For
MFS	4,774,040	For
T. Rowe Price	3,756,660	For
Legg Mason	3,310,572	For
JPMorgan	3,302,173	For
Artisan	2,384,762	For
Jackson National	1,881,298	For
Charles Schwab	1,837,682	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	For
Morgan Stanley	1,669,425	For
OLD WESTBURY FUNDS INC	1,358,058	For
Franklin Custodian Funds	1,346,949	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	For
Northern Trust	1,284,471	For
John Hancock	1,239,348	For
Invesco	1,235,914	For
Thornburg	1,105,425	For
State Street	1,082,635	For
Brighthouse	1,008,165	For

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

4. Elect Director Edward R. Hamberger

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 5 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 736,503,463AGAINST: 928,403

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: The Hon. Edward Hamberger”): 736,503,463 for, 928,403 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 79% for, 0.1% against (79% of the company cast a for/against vote).

The 149 asset managers below cast 100% of the shares they voted on this item FOR (153,917,136 for, 0 against).

FOR 100%

FOR: 153,917,136 (100.0%)

Largest asset managers voting on “Elect Director Edward R. Hamberger” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Vote
Vanguard	22,948,837	For
Fidelity	21,403,837	For
Putnam	20,801,438	For
Capital Group	13,418,674	For
Investment Managers Series Trust	11,464,061	For
Bridge Builder Trust	6,575,144	For
BlackRock	5,606,920	For
MFS	4,774,040	For
T. Rowe Price	3,756,660	For
Legg Mason	3,310,572	For
JPMorgan	3,302,173	For
Artisan	2,384,762	For
Jackson National	1,881,298	For
Charles Schwab	1,837,682	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	For
Morgan Stanley	1,669,425	For
OLD WESTBURY FUNDS INC	1,358,058	For
Franklin Custodian Funds	1,346,949	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	For
Northern Trust	1,284,471	For
John Hancock	1,239,348	For
Invesco	1,235,914	For
Thornburg	1,105,425	For
State Street	1,082,635	For
Brighthouse	1,008,165	For

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

5. ELECTION OF DIRECTOR: GORDON T. TRAFTON

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 4 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 736,579,965AGAINST: 860,406

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Gordon Trafton”): 736,579,965 for, 860,406 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 79% for, 0.1% against (79% of the company cast a for/against vote).

The 149 asset managers below cast 100% of the shares they voted on this item FOR (153,917,136 for, 0 against).

FOR 100%

FOR: 153,917,136 (100.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: GORDON T. TRAFTON” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Vote
Vanguard	22,948,837	For
Fidelity	21,403,837	For
Putnam	20,801,438	For
Capital Group	13,418,674	For
Investment Managers Series Trust	11,464,061	For
Bridge Builder Trust	6,575,144	For
BlackRock	5,606,920	For
MFS	4,774,040	For
T. Rowe Price	3,756,660	For
Legg Mason	3,310,572	For
JPMorgan	3,302,173	For
Artisan	2,384,762	For
Jackson National	1,881,298	For
Charles Schwab	1,837,682	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	For
Morgan Stanley	1,669,425	For
OLD WESTBURY FUNDS INC	1,358,058	For
Franklin Custodian Funds	1,346,949	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	For
Northern Trust	1,284,471	For
John Hancock	1,239,348	For
Invesco	1,235,914	For
Thornburg	1,105,425	For
State Street	1,082,635	For
Brighthouse	1,008,165	For

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

6. ELECTION OF DIRECTOR: HENRY J. MAIER

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 3 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 709,487,622AGAINST: 27,944,247

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Henry Maier”): 709,487,622 for, 27,944,247 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 76% for, 3% against (79% of the company cast a for/against vote).

The 149 asset managers below cast 98% of the shares they voted on this item FOR (150,827,151 for, 3,089,985 against).

FOR 98%

FOR: 150,827,151 (98.0%)AGAINST: 3,089,985 (2.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: HENRY J. MAIER” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
Vanguard	22,948,837	0	For
Fidelity	21,403,837	0	For
Putnam	20,801,438	0	For
Capital Group	13,418,674	0	For
Investment Managers Series Trust	11,464,061	0	For
Bridge Builder Trust	6,575,144	0	For
BlackRock	5,606,920	0	For
MFS	4,774,040	0	For
T. Rowe Price	3,756,660	0	For
Legg Mason	3,310,572	0	For
JPMorgan	3,302,173	0	For
Artisan	2,384,762	0	For
Jackson National	1,750,387	130,911	For
Charles Schwab	1,837,682	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	0	For
Morgan Stanley	1,669,425	0	For
OLD WESTBURY FUNDS INC	1,358,058	0	For
Franklin Custodian Funds	1,346,949	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	0	For
Northern Trust	1,284,471	0	For
John Hancock	1,207,248	32,100	For
Invesco	157,968	1,077,946	Against
Thornburg	1,105,425	0	For
State Street	0	1,082,635	Against
Brighthouse	327,800	680,365	Against

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

7. ELECTION OF DIRECTOR: ISABELLE COURVILLE

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 721,998,807AGAINST: 15,433,068

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Isabelle Courville”): 721,998,807 for, 15,433,068 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 77% for, 2% against (79% of the company cast a for/against vote).

The 149 asset managers below cast 99.9% of the shares they voted on this item FOR (153,901,664 for, 15,472 against).

FOR 99.9%

FOR: 153,901,664 (100.0%)AGAINST: 15,472 (0.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: ISABELLE COURVILLE” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Vote
Vanguard	22,948,837	For
Fidelity	21,403,837	For
Putnam	20,801,438	For
Capital Group	13,418,674	For
Investment Managers Series Trust	11,464,061	For
Bridge Builder Trust	6,575,144	For
BlackRock	5,606,920	For
MFS	4,774,040	For
T. Rowe Price	3,756,660	For
Legg Mason	3,310,572	For
JPMorgan	3,302,173	For
Artisan	2,384,762	For
Jackson National	1,881,298	For
Charles Schwab	1,837,682	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	For
Morgan Stanley	1,669,425	For
OLD WESTBURY FUNDS INC	1,358,058	For
Franklin Custodian Funds	1,346,949	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	For
Northern Trust	1,284,471	For
John Hancock	1,239,348	For
Invesco	1,235,914	For
Thornburg	1,105,425	For
State Street	1,082,635	For
Brighthouse	1,008,165	For

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

8. ELECTION OF DIRECTOR: JANE L. PEVERETT

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 723,685,704AGAINST: 13,754,669

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Jane Peverett”): 723,685,704 for, 13,754,669 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 78% for, 1% against (79% of the company cast a for/against vote).

The 149 asset managers below cast 99.4% of the shares they voted on this item FOR (153,008,604 for, 908,532 against).

FOR 99.4%

FOR: 153,008,604 (99.4%)AGAINST: 908,532 (0.6%)

Largest asset managers voting on “ELECTION OF DIRECTOR: JANE L. PEVERETT” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
Vanguard	22,948,837	0	For
Fidelity	21,403,837	0	For
Putnam	20,801,438	0	For
Capital Group	13,418,674	0	For
Investment Managers Series Trust	11,464,061	0	For
Bridge Builder Trust	6,575,144	0	For
BlackRock	5,606,920	0	For
MFS	4,774,040	0	For
T. Rowe Price	3,756,660	0	For
Legg Mason	3,310,572	0	For
JPMorgan	3,302,173	0	For
Artisan	2,384,762	0	For
Jackson National	1,881,298	0	For
Charles Schwab	1,837,682	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	0	For
Morgan Stanley	1,669,425	0	For
OLD WESTBURY FUNDS INC	1,358,058	0	For
Franklin Custodian Funds	1,346,949	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	0	For
Northern Trust	1,279,139	5,332	For
John Hancock	1,239,348	0	For
Invesco	1,235,914	0	For
Thornburg	1,105,425	0	For
State Street	1,082,635	0	For
Brighthouse	1,008,165	0	For

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

9. ELECTION OF DIRECTOR: JANET H. KENNEDY

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 4 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%

FOR: 735,896,910AGAINST: 1,534,962

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Janet Kennedy”): 735,896,910 for, 1,534,962 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 79% for, 0.2% against (79% of the company cast a for/against vote).

The 149 asset managers below cast 100% of the shares they voted on this item FOR (153,917,136 for, 0 against).

FOR 100%

FOR: 153,917,136 (100.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: JANET H. KENNEDY” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Vote
Vanguard	22,948,837	For
Fidelity	21,403,837	For
Putnam	20,801,438	For
Capital Group	13,418,674	For
Investment Managers Series Trust	11,464,061	For
Bridge Builder Trust	6,575,144	For
BlackRock	5,606,920	For
MFS	4,774,040	For
T. Rowe Price	3,756,660	For
Legg Mason	3,310,572	For
JPMorgan	3,302,173	For
Artisan	2,384,762	For
Jackson National	1,881,298	For
Charles Schwab	1,837,682	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	For
Morgan Stanley	1,669,425	For
OLD WESTBURY FUNDS INC	1,358,058	For
Franklin Custodian Funds	1,346,949	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	For
Northern Trust	1,284,471	For
John Hancock	1,239,348	For
Invesco	1,235,914	For
Thornburg	1,105,425	For
State Street	1,082,635	For
Brighthouse	1,008,165	For

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

10. Elect Director John Baird

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 725,946,594AGAINST: 11,485,279

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: The Hon. John Baird”): 725,946,594 for, 11,485,279 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 78% for, 1% against (79% of the company cast a for/against vote).

The 149 asset managers below cast 99% of the shares they voted on this item FOR (154,436,938 for, 2,109,319 against).

FOR 99%

FOR: 154,436,938 (98.7%)AGAINST: 2,109,319 (1.3%)

Largest asset managers voting on “Elect Director John Baird” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
Vanguard	22,948,837	0	For
Fidelity	21,403,837	0	For
Putnam	20,801,438	0	For
Capital Group	13,418,674	0	For
Investment Managers Series Trust	11,464,061	0	For
Bridge Builder Trust	6,575,144	0	For
BlackRock	5,606,920	0	For
MFS	4,774,040	0	For
T. Rowe Price	3,756,660	0	For
Legg Mason	3,310,572	0	For
JPMorgan	3,302,173	0	For
RWC Asset Management LLP	2,644,640	0	For
Artisan	2,384,762	0	For
Jackson National	1,750,387	130,911	For
Charles Schwab	1,837,682	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	0	For
Morgan Stanley	1,664,604	4,821	For
OLD WESTBURY FUNDS INC	1,358,058	0	For
Franklin Custodian Funds	1,346,949	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	0	For
Northern Trust	1,279,139	5,332	For
John Hancock	1,239,348	0	For
Invesco	157,968	1,077,946	Against
Thornburg	1,105,425	0	For
State Street	1,082,635	0	For

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

11. ELECTION OF DIRECTOR: KEITH E. CREEL

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 3 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 736,673,640AGAINST: 758,235

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Keith E. Creel”): 736,673,640 for, 758,235 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 79% for, 0.1% against (79% of the company cast a for/against vote).

The 149 asset managers below cast 100% of the shares they voted on this item FOR (153,917,136 for, 0 against).

FOR 100%

FOR: 153,917,136 (100.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: KEITH E. CREEL” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Vote
Vanguard	22,948,837	For
Fidelity	21,403,837	For
Putnam	20,801,438	For
Capital Group	13,418,674	For
Investment Managers Series Trust	11,464,061	For
Bridge Builder Trust	6,575,144	For
BlackRock	5,606,920	For
MFS	4,774,040	For
T. Rowe Price	3,756,660	For
Legg Mason	3,310,572	For
JPMorgan	3,302,173	For
Artisan	2,384,762	For
Jackson National	1,881,298	For
Charles Schwab	1,837,682	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	For
Morgan Stanley	1,669,425	For
OLD WESTBURY FUNDS INC	1,358,058	For
Franklin Custodian Funds	1,346,949	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	For
Northern Trust	1,284,471	For
John Hancock	1,239,348	For
Invesco	1,235,914	For
Thornburg	1,105,425	For
State Street	1,082,635	For
Brighthouse	1,008,165	For

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

12. ELECTION OF DIRECTOR: MATTHEW H. PAULL

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 724,103,045AGAINST: 13,328,825

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Matthew Paull”): 724,103,045 for, 13,328,825 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 78% for, 1% against (79% of the company cast a for/against vote).

The 149 asset managers below cast 100% of the shares they voted on this item FOR (153,917,136 for, 0 against).

FOR 100%

FOR: 153,917,136 (100.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: MATTHEW H. PAULL” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Vote
Vanguard	22,948,837	For
Fidelity	21,403,837	For
Putnam	20,801,438	For
Capital Group	13,418,674	For
Investment Managers Series Trust	11,464,061	For
Bridge Builder Trust	6,575,144	For
BlackRock	5,606,920	For
MFS	4,774,040	For
T. Rowe Price	3,756,660	For
Legg Mason	3,310,572	For
JPMorgan	3,302,173	For
Artisan	2,384,762	For
Jackson National	1,881,298	For
Charles Schwab	1,837,682	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	For
Morgan Stanley	1,669,425	For
OLD WESTBURY FUNDS INC	1,358,058	For
Franklin Custodian Funds	1,346,949	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	For
Northern Trust	1,284,471	For
John Hancock	1,239,348	For
Invesco	1,235,914	For
Thornburg	1,105,425	For
State Street	1,082,635	For
Brighthouse	1,008,165	For

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

13. Advisory Vote on Executive Compensation Approach

COMPENSATION

Meeting held 2024-04-24.

99% fund support · no official result

FOR 98%

The 106 asset managers below cast 99% of the shares they voted on this item FOR (120,199,923 for, 1,472,909 against).

FOR: 120,199,923 (98.1%)AGAINST: 1,472,909 (1.2%)ABSTAIN: 842,156 (0.7%)

Largest asset managers voting on “Advisory Vote on Executive Compensation Approach” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	22,948,837	0	0	For
Fidelity	21,403,837	0	0	For
Capital Group	13,418,674	0	0	For
Desjardins Global Asset Management Inc.	7,285,470	0	0	For
BlackRock	5,606,920	0	0	For
MFS	4,774,040	0	0	For
JPMorgan	3,906,146	0	0	For
T. Rowe Price	3,756,660	0	0	For
NAYA CAPITAL MANAGEMENT UK LTD	2,719,399	0	842,156	For
Legg Mason	3,310,572	0	0	For
Findlay Park Partners LLP	2,609,396	0	0	For
Artisan	2,384,762	0	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	0	0	For
Morgan Stanley	1,669,425	0	0	For
OLD WESTBURY FUNDS INC	1,358,058	0	0	For
Franklin Custodian Funds	1,346,949	0	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	0	0	For
Northern Trust	1,284,471	0	0	For
Invesco	1,235,914	0	0	For
Thornburg	1,105,425	0	0	For
State Street	1,082,635	0	0	For
Brighthouse	1,002,565	0	0	For
APG Asset Management US Inc.	0	987,577	0	Against
Lazard	986,061	0	0	For
BNY Mellon	887,093	0	0	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

14. Ratify Ernst & Young LLP as Auditors

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 2 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 759,380,945WITHHELD: 1,311,398

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Appointment of Auditor. The shareholders voted to approve the appointment of Ernst & Young LLP as CPKC's auditor until the close of CPKC's next annual meeting of shareholders.”): 759,380,945 for, 1,311,398 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 81% for, 0.2% withheld (82% of the company cast a for/withheld vote).

The 104 asset managers below cast 99.8% of the shares they voted on this item FOR (126,559,231 for, 166,232 against).

FOR 99.5%

FOR: 126,559,231 (99.6%)AGAINST: 166,232 (0.1%)ABSTAIN: 397,435 (0.3%)

Largest asset managers voting on “Ratify Ernst & Young LLP as Auditors” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Vote
Vanguard	22,948,837	For
Fidelity	21,403,837	For
Putnam	20,801,438	For
Capital Group	13,418,674	For
BlackRock	5,606,920	For
MFS	4,774,040	For
T. Rowe Price	3,756,660	For
Legg Mason	3,310,572	For
Artisan	2,384,762	For
Charles Schwab	1,837,682	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	For
Morgan Stanley	1,669,425	For
OLD WESTBURY FUNDS INC	1,358,058	For
Franklin Custodian Funds	1,346,949	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	For
Northern Trust	1,284,471	For
Invesco	1,235,914	For
Thornburg	1,105,425	For
State Street	1,082,635	For
Brighthouse	1,008,165	For
Lazard	986,061	For
BNY Mellon	887,093	For
American Century	838,497	For
Hartford	833,610	For
TIAA	800,183	For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

15. SP 1: Adopt a Paid Sick Leave Policy

DIVERSITY, EQUITY, AND INCLUSION

Meeting held 2024-04-24.

2% fund support · no official result

AGAINST 97%

The 92 asset managers below cast 2% of the shares they voted on this item FOR (1,883,963 for, 99,332,346 against).

FOR: 1,883,963 (1.8%)AGAINST: 99,332,346 (97.0%)ABSTAIN: 1,225,756 (1.2%)

Largest asset managers voting on “SP 1: Adopt a Paid Sick Leave Policy” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	0	22,948,837	0	Against
Fidelity	98,005	21,305,832	0	Against
Capital Group	0	13,418,674	0	Against
BlackRock	0	5,606,920	0	Against
MFS	0	4,774,040	0	Against
T. Rowe Price	0	3,756,660	0	Against
Legg Mason	0	3,310,572	0	Against
Artisan	0	2,384,762	0	Against
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	0	1,827,256	0	Against
Morgan Stanley	8,476	1,660,949	0	Against
OLD WESTBURY FUNDS INC	0	1,358,058	0	Against
Franklin Custodian Funds	0	1,346,949	0	Against
CAUSEWAY CAPITAL MANAGEMENT TRUST	0	1,345,729	0	Against
Northern Trust	5,332	1,279,139	0	Against
Invesco	0	1,235,914	0	Against
Thornburg	207,253	0	898,172	Abstain
State Street	0	1,082,635	0	Against
Brighthouse	0	1,002,565	0	Against
Lazard	0	986,061	0	Against
BNY Mellon	0	887,093	0	Against
American Century	0	838,497	0	Against
TIAA	0	800,183	0	Against
Principal	0	656,237	0	Against
WILLIAM BLAIR FUNDS	556,189	0	0	For
Allspring	0	469,093	0	Against

Showing the 25 largest of 92 asset managers. See all 92 in the interactive database.

16. Management Advisory Vote on Climate Change

ENVIRONMENT OR CLIMATE

Meeting held 2024-04-24.

97% fund support · no official result

FOR 97%

The 91 asset managers below cast 97% of the shares they voted on this item FOR (99,555,228 for, 3,308,762 against).

FOR: 99,555,228 (96.8%)AGAINST: 3,308,762 (3.2%)

Largest asset managers voting on “Management Advisory Vote on Climate Change” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
Vanguard	22,948,837	0	For
Fidelity	21,305,832	98,005	For
Capital Group	13,418,674	0	For
BlackRock	5,606,920	0	For
MFS	4,774,040	0	For
T. Rowe Price	3,756,660	0	For
Legg Mason	3,310,572	0	For
Artisan	2,384,762	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,827,256	0	For
Morgan Stanley	1,664,604	4,821	For
OLD WESTBURY FUNDS INC	1,358,058	0	For
Franklin Custodian Funds	1,346,949	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	1,345,729	0	For
Northern Trust	1,279,139	5,332	For
Invesco	1,235,914	0	For
Thornburg	0	1,105,425	Against
State Street	1,082,635	0	For
Brighthouse	1,002,565	0	For
Lazard	986,061	0	For
BNY Mellon	887,093	0	For
American Century	838,497	0	For
TIAA	800,183	0	For
Principal	656,237	0	For
WILLIAM BLAIR FUNDS	0	556,189	Against
RWC Asset Management LLP	488,000	0	For

Showing the 25 largest of 91 asset managers. See all 91 in the interactive database.

17. ADVISORY VOTE TO APPROVE THE CORPORATION'S APPROACH TO CLIMATE CHANGE AS DESCRIBED IN THE PROXY CIRCULAR.

OTHER

Meeting held 2024-04-24.

Combines 4 wordings of this item as funds reported it.

79% fund support · no official result

FOR 79%AGAINST 21%

The 50 asset managers below cast 79% of the shares they voted on this item FOR (21,924,421 for, 5,756,863 against).

FOR: 21,924,421 (79.2%)AGAINST: 5,756,863 (20.8%)NOT VOTED: 74 (0.0%)

Largest asset managers voting on “ADVISORY VOTE TO APPROVE THE CORPORATION'S APPROACH TO CLIMATE CHANGE AS DESCRIBED IN THE PROXY CIRCULAR.” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
Investment Managers Series Trust	11,464,061	0	For
Bridge Builder Trust	2,321,953	4,253,191	Against
JPMorgan	3,302,173	0	For
Jackson National	1,735,974	145,324	For
John Hancock	32,100	1,207,248	Against
Coronation Fund Managers Ltd.	746,333	0	For
REAVES UTILITY INCOME FUND	642,000	0	For
Goldman Sachs	263,290	0	For
BBH Trust	197,516	0	For
YCG Funds	169,715	0	For
PERMANENT PORTFOLIO FAMILY OF FUNDS	165,000	0	For
Cohen & Steers	160,641	0	For
HARBOR FUNDS	133,870	0	For
TIMOTHY PLAN	0	94,548	Against
Gateway Trust	92,053	0	For
AMG Funds I	90,236	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	57,200	0	For
PFM Multi-Manager Series Trust	51,280	0	For
BAILLIE GIFFORD FUNDS	48,033	0	For
Gabelli	0	38,840	Against
American Beacon Institutional Funds Trust	38,298	0	For
Calamos	37,905	0	For
WILSHIRE MUTUAL FUNDS INC	33,020	0	For
Guardian Variable Products Trust	19,582	0	For
Advisors' Inner Circle Fund II	14,124	0	For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

18. Appointment of the Auditor as named in the Proxy Circular.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2024-04-24.

Combines 3 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 759,380,945WITHHELD: 1,311,398

The 49 asset managers below cast 100% of the shares they voted on this item FOR (26,944,951 for, 0 against).

FOR 100%

FOR: 26,944,951 (100.0%)

Largest asset managers voting on “Appointment of the Auditor as named in the Proxy Circular.” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Vote
Investment Managers Series Trust	11,464,061	For
Bridge Builder Trust	6,575,144	For
JPMorgan	3,302,173	For
Jackson National	1,881,298	For
John Hancock	1,239,348	For
REAVES UTILITY INCOME FUND	642,000	For
Goldman Sachs	263,290	For
BBH Trust	197,516	For
YCG Funds	169,715	For
PERMANENT PORTFOLIO FAMILY OF FUNDS	165,000	For
Cohen & Steers	160,641	For
HARBOR FUNDS	133,870	For
TIMOTHY PLAN	94,548	For
Gateway Trust	92,053	For
AMG Funds I	90,236	For
PROFESSIONALLY MANAGED PORTFOLIOS	57,200	For
PFM Multi-Manager Series Trust	51,280	For
BAILLIE GIFFORD FUNDS	48,033	For
Gabelli	38,840	For
American Beacon Institutional Funds Trust	38,298	For
Calamos	37,905	For
WILSHIRE MUTUAL FUNDS INC	33,020	For
Guardian Variable Products Trust	19,582	For
Advisors' Inner Circle Fund II	14,124	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	12,773	For

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

19. SHAREHOLDER PROPOSAL NO. 1

CORPORATE GOVERNANCE

Meeting held 2024-04-24.

1% fund support · no official result

AGAINST 99%

The 41 asset managers below cast 1% of the shares they voted on this item FOR (268,728 for, 25,636,518 against).

FOR: 268,728 (1.0%)AGAINST: 25,636,518 (98.8%)ABSTAIN: 39,628 (0.2%)

Largest asset managers voting on “SHAREHOLDER PROPOSAL NO. 1” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Abstain	Vote
Investment Managers Series Trust	0	11,463,540	0	Against
Bridge Builder Trust	86,556	5,934,225	0	Against
JPMorgan	0	3,302,173	0	Against
Jackson National	143,324	1,737,974	0	Against
John Hancock	32,023	1,047,043	0	Against
REAVES UTILITY INCOME FUND	0	642,000	0	Against
Goldman Sachs	0	263,290	0	Against
YCG Funds	0	169,715	0	Against
PERMANENT PORTFOLIO FAMILY OF FUNDS	0	165,000	0	Against
Cohen & Steers	0	160,641	0	Against
HARBOR FUNDS	0	133,870	0	Against
Gateway Trust	0	92,053	0	Against
TIMOTHY PLAN	0	90,806	0	Against
AMG Funds I	0	90,236	0	Against
PROFESSIONALLY MANAGED PORTFOLIOS	0	57,200	0	Against
PFM Multi-Manager Series Trust	0	51,280	0	Against
Gabelli	0	0	38,840	Abstain
American Beacon Institutional Funds Trust	0	38,298	0	Against
Calamos	0	37,905	0	Against
WILSHIRE MUTUAL FUNDS INC	0	33,020	0	Against
Guardian Variable Products Trust	0	19,582	0	Against
Advisors' Inner Circle Fund II	0	14,124	0	Against
CANTOR FITZGERALD INFRASTRUCTURE FUND	0	12,773	0	Against
Northern Lights Fund Trust IV	0	12,420	0	Against
CITY NATIONAL ROCHDALE FUNDS	0	10,974	0	Against

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

20. Advisory Vote to Ratify Named Executive Officers' Compensation

COMPENSATION

Meeting held 2024-04-24.

88% fund support · no official result

FOR 88%12%

The 21 asset managers below cast 88% of the shares they voted on this item FOR (48,731,383 for, 6,766,673 against).

FOR: 48,731,383 (87.8%)AGAINST: 6,766,673 (12.2%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
TD ASSET MANAGEMENT INC	23,994,832	0	For
Putnam	20,801,438	0	For
Union Investment Privatfonds GmbH	0	6,709,929	Against
Charles Schwab	1,837,682	0	For
Hartford	833,160	450	For
SEI	272,889	0	For
Russell Investments	249,880	0	For
Neuberger Berman	231,631	0	For
Mercer Funds	185,539	0	For
Regime de rentes du Mouvement Desjardins	93,562	0	For
Triasima Portfolio Management inc.	68,240	2,680	For
TCW ETF Trust	55,307	0	For
Union Investment Institutional GmbH	0	47,057	Against
IMPAX FUNDS SERIES TRUST I	34,722	0	For
Frost Family of Funds	30,035	0	For
Prudential/PGIM	21,106	0	For
ADVISORS' INNER CIRCLE FUND	17,810	0	For
Brighthouse	0	5,600	Against
Northern Lights Fund Trust IV	3,052	0	For
Genus Capital Management Inc.	0	957	Against
Hanson & Doremus Investment Management	498	0	For

21. Shareholder Proposal Regarding Paid Sick Leave

HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE

Meeting held 2024-04-24.

0.3% fund support · no official result

AGAINST 99.7%

The 16 asset managers below cast 0.3% of the shares they voted on this item FOR (90,029 for, 31,247,258 against).

FOR: 90,029 (0.3%)AGAINST: 31,247,258 (99.7%)

Largest asset managers voting on “Shareholder Proposal Regarding Paid Sick Leave” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
Putnam	0	20,801,438	Against
Union Investment Privatfonds GmbH	0	6,709,929	Against
Charles Schwab	0	1,837,682	Against
Hartford	0	833,610	Against
SEI	0	272,889	Against
Russell Investments	0	249,880	Against
Neuberger Berman	0	231,631	Against
Mercer Funds	0	185,539	Against
TCW ETF Trust	55,307	0	For
Union Investment Institutional GmbH	0	47,057	Against
IMPAX FUNDS SERIES TRUST I	34,722	0	For
Frost Family of Funds	0	30,035	Against
Prudential/PGIM	0	21,106	Against
ADVISORS' INNER CIRCLE FUND	0	17,810	Against
Brighthouse	0	5,600	Against
Northern Lights Fund Trust IV	0	3,052	Against

22. Advisory Vote on Approach to Climate Change

ENVIRONMENT OR CLIMATE

Meeting held 2024-04-24.

99.8% fund support · no official result

FOR 99.8%

The 14 asset managers below cast 99.8% of the shares they voted on this item FOR (24,542,527 for, 37,774 against).

FOR: 24,542,527 (99.8%)AGAINST: 37,774 (0.2%)

Largest asset managers voting on “Advisory Vote on Approach to Climate Change” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
Putnam	20,801,438	0	For
Charles Schwab	1,837,682	0	For
Hartford	833,610	0	For
SEI	272,889	0	For
Russell Investments	249,880	0	For
Neuberger Berman	231,631	0	For
Mercer Funds	185,539	0	For
TCW ETF Trust	55,307	0	For
IMPAX FUNDS SERIES TRUST I	0	34,722	Against
Frost Family of Funds	30,035	0	For
Prudential/PGIM	21,106	0	For
ADVISORS' INNER CIRCLE FUND	17,810	0	For
Brighthouse	5,600	0	For
Northern Lights Fund Trust IV	0	3,052	Against

23. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: RESOLVED: SHAREHOLDERS ASK THE BOARD OF DIRECTORS TO NEGOTIATE PAID SICK LEAVE POLICIES WITH ALL UNIONS REPRESENTING CPKC'S U.S. WORKFORCE. THESE POLICIES SHOULD ENSURE THAT ALL CPKC EMPLOYEES ARE ABLE TO UTILIZE PAID SICK LEAVE BENEFITS WITHOUT BEING SUBJECT TO DISCIPLINE UNDER CPKC'S EMPLOYEE ATTENDANCE GUIDELINES

OTHER SOCIAL ISSUES

Meeting held 2024-04-24.

2% fund support · no official result

AGAINST 98%

The 12 asset managers below cast 2% of the shares they voted on this item FOR (16,789 for, 973,288 against).

FOR: 16,789 (1.7%)AGAINST: 973,288 (98.3%)

Largest asset managers voting on “PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: RESOLVED: SHAREHOLDERS ASK THE BOARD OF DIRECTORS ” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
Bridge Builder Trust	0	554,363	Against
BBH Trust	0	197,516	Against
John Hancock	0	160,282	Against
BAILLIE GIFFORD FUNDS	0	48,033	Against
Listed Funds Trust	9,424	0	For
TOUCHSTONE STRATEGIC TRUST	7,365	0	For
Allianz	0	6,886	Against
TIMOTHY PLAN	0	3,742	Against
SP Funds Trust	0	959	Against
Pacer Funds Trust	0	746	Against
Investment Managers Series Trust	0	521	Against
GPS Funds I	0	240	Against

24. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-04-24.

65% fund support · no official result

FOR 65%AGAINST 35%

The 11 asset managers below cast 65% of the shares they voted on this item FOR (713,422 for, 376,425 against).

FOR: 713,422 (65.5%)AGAINST: 376,425 (34.5%)

Largest asset managers voting on “14A Executive Compensation” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
Port Capital LLC	648,895	0	For
BBR ALO Fund, LLC	0	245,000	Against
Heathbridge Capital Management Ltd.	0	131,425	Against
Concorde Financial Corp	37,249	0	For
Granite Investment Partners, LLC	12,764	0	For
BALLAST ADVISORS LLC	8,436	0	For
Barnett & Company, Inc.	4,525	0	For
GRIMES & COMPANY, INC.	1,158	0	For
TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV	213	0	For
Baker Avenue Asset Management, LP	182	0	For
Penobscot Investment Management Company, Inc.	0	0	--

25. Advisory vote to approve the Corporation's approach to executive compensation as described in the Proxy Circular.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-04-30 (outside the 2023-2024 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%

FOR: 674,973,656AGAINST: 61,399,266

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“3) Advisory Vote to Approve CPKC's Approach to Say on Climate. The advisory vote on approach to climate change was approved.”): 674,973,656 for, 61,399,266 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 932,600,000 outstanding shares: 72% for, 7% against (79% of the company cast a for/against vote).

The 4 asset managers below cast 99.5% of the shares they voted on this item FOR (251,048 for, 1,095 against).

FOR 99.5%

FOR: 251,048 (99.6%)AGAINST: 1,095 (0.4%)

Largest asset managers voting on “Advisory vote to approve the Corporation's approach to executive compensation as described in the Proxy Circul” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Vote
Foster Victor Wealth Advisors, LLC	250,354	0	For
Meixler Investment Management, Ltd.	0	1,095	Against
First County Bank /CT/	429	0	For
Weil Company, Inc.	265	0	For

26. Advisory vote to Approve Named Executive Officer Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-04-24.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,741 for, 0 against).

FOR: 1,741 (100.0%)

Largest asset managers voting on “Advisory vote to Approve Named Executive Officer Compensation” at CANADIAN PACIFIC KANSAS CITY LTD., 2023-2024
Asset manager	For	Against	Abstain	Withheld	Vote
NTV ASSET MANAGEMENT LLC	1,402	0	0	0	For
EAGLE HARBOR ASSET MANAGEMENT INC /ADV	339	0	0	0	For

Largest CANADIAN PACIFIC KANSAS CITY LTD. shareholders voting in 2023-2024

Ranked by the number of CANADIAN PACIFIC KANSAS CITY LTD. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 932,600,000 shares outstanding at the time of that meeting.

Top CANADIAN PACIFIC KANSAS CITY LTD. shareholders by shares voted, 2023-2024
#	Asset manager	% of shares outstanding
1	WCM INVESTMENT MANAGEMENT, LLC	1.99%
2	1832 Asset Management L.P.	1.45%
3	Investment Managers Series Trust	1.23%
4	Bridge Builder Trust	0.71%
5	Coronation Fund Managers Ltd.	0.64%
6	Fiera Capital Corp	0.56%
7	Northern Trust	0.46%
8	SCOTIA CAPITAL INC.	0.45%
9	JPMorgan	0.37%
10	Meritage Group LP	0.22%

Reported CANADIAN PACIFIC KANSAS CITY LTD. ownership

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

CANADIAN PACIFIC KANSAS CITY LTD. beneficial owners on record for the 2023-2024 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	4.15%	13F
JPMorgan Chase	1.69%	13F
FMR (Fidelity)	1.52%	13F
Goldman Sachs	1.29%	13F
T. Rowe Price	1.16%	13F
Invesco	0.74%	13F
Franklin Templeton	0.61%	13F
Morgan Stanley	0.47%	13F
Geode Capital	0.41%	13F
Northern Trust	0.28%	13F

Percentages above are of 932,600,000 shares outstanding, as reported by CANADIAN PACIFIC KANSAS CITY LTD. on its Form 10-Q dated 2024-03-31 (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 PACIFIC KANSAS CITY LTD.’s 10-Q dated 2024-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At CANADIAN PACIFIC KANSAS CITY LTD.'s shareholder meeting held 2024-04-24, in the 2023-2024 proxy season, 560 asset managers reported how they voted in their SEC Form N-PX filings, covering 7,261 separate fund positions. Their filings are grouped here into 26 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. CANADIAN PACIFIC KANSAS CITY LTD.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — Advisory vote to approve the Corporation's approach to executive compensation as described in… — the reporting funds cast 98% 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 PACIFIC KANSAS CITY LTD. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.