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CANADIAN PACIFIC KANSAS CITY LTD. 2024-2025 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.

29Reported items
559Asset managers
7,201Fund votes
2025-04-30Meeting date

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

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

Official 2024-2025 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 2025-04-30
Ballot item	For	Against	Broker non-votes	Outcome
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	61,399,266	23,029,105	Majority: yes
4) By-Law No. 2 The shareholders voted to approve By-Law No. 2.	410,455,002	325,917,864	23,029,161	Majority: yes
Elect Director: The Hon. John Baird	718,286,406	18,086,068	23,029,553	Majority: yes
Elect Director: Isabelle Courville	721,544,340	14,827,611	23,029,106	Majority: yes
Elect Director: Keith E. Creel	735,237,084	1,135,841	23,029,102	Majority: yes
Elect Director: Amb. Antonio Garza (Ret.)	728,966,142	7,406,032	23,029,203	Majority: yes
Elect Director: Arturo Gutiérrez Hernández	716,184,276	20,188,651	23,029,100	Majority: yes
Elect Director: The Hon. Edward Hamberger	734,981,670	1,391,255	23,029,102	Majority: yes
Elect Director: Janet Kennedy	735,404,063	968,862	23,029,102	Majority: yes
Elect Director: Henry Maier	729,578,685	6,794,238	23,029,104	Majority: yes
Elect Director: Matthew Paull	718,298,232	18,074,695	23,029,100	Majority: yes
Elect Director: Jane Peverett	726,342,295	10,030,626	23,029,106	Majority: yes
Elect Director: Andrea Robertson	725,466,263	10,906,658	23,029,106	Majority: yes
Elect Director: Gordon T. Trafton	729,391,507	6,981,418	23,029,102	Majority: yes

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. 2024-2025 meeting

Each item below shows how the 559 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.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-30.

Combines 9 wordings of this item as funds reported it.

94% fund support · no official result

FOR 94%

The 414 asset managers below cast 94% of the shares they voted on this item FOR (128,568,563 for, 8,184,739 against).

FOR: 128,568,563 (94.0%)AGAINST: 8,184,739 (6.0%)ABSTAIN: 9,754 (0.0%)NO VOTE: 685 (0.0%)NOT VOTED: 685 (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., 2024-2025
Asset manager	For	Against	Vote
BlackRock	36,517,494	107,414	For
1832 Asset Management L.P.	14,968,475	0	For
Pershing Square	14,799,796	0	For
WCM INVESTMENT MANAGEMENT, LLC	12,091,592	334,762	For
Investment Managers Series Trust	6,624,067	0	For
Fiera Capital Corp	5,348,496	0	For
SCOTIA CAPITAL INC.	5,075,290	0	For
Bridge Builder Trust	4,218,479	551,181	For
JPMorgan	3,340,093	0	For
Northern Trust	3,154,910	0	For
Meritage Group LP	2,973,506	0	For
Jackson National	1,735,974	2,000	For
RIVULET CAPITAL, LLC	1,356,450	0	For
Cardinal Capital Management, Inc.	1,284,391	0	For
John Hancock	1,205,899	0	For
ENVESTNET ASSET MANAGEMENT INC	0	1,102,369	Against
BRISTOL JOHN W & CO INC /NY/	1,027,204	0	For
Calamos	869,614	18,922	For
Maren Capital LLC	0	854,551	Against
M.D. Sass, LLC	843,595	0	For
Natixis	0	805,232	Against
BAILLIE GIFFORD OVERSEAS LTD	0	772,727	Against
LOCUST WOOD CAPITAL ADVISERS, LLC	759,955	0	For
Corient Private Wealth LLC	627,537	1,162	For
Value Partners Investments Inc.	518,571	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 2025-04-30.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 725,466,263AGAINST: 10,906,658

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Andrea Robertson”): 725,466,263 for, 10,906,658 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 933,500,000 outstanding shares: 78% for, 1% against (79% of the company cast a for/against vote).

The 147 asset managers below cast 99.8% of the shares they voted on this item FOR (108,602,359 for, 185,944 against).

FOR 99.8%

FOR: 108,602,359 (99.8%)AGAINST: 185,944 (0.2%)

Largest asset managers voting on “ELECTION OF DIRECTOR: ANDREA ROBERTSON” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Vote
Vanguard	23,914,694	0	For
Fidelity	15,174,613	0	For
Investment Managers Series Trust	6,624,067	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	0	For
Bridge Builder Trust	4,769,660	0	For
BlackRock	4,508,088	0	For
Allspring	3,678,942	0	For
MFS	3,454,587	0	For
JPMorgan	3,309,879	0	For
Putnam	2,539,386	0	For
Charles Schwab	2,147,158	0	For
Legg Mason	2,143,154	0	For
Jackson National	1,737,974	0	For
Invesco	1,709,133	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	0	For
Morgan Stanley	1,441,378	0	For
Northern Trust	1,338,459	3,686	For
Franklin Custodian Funds	1,294,021	0	For
Thornburg	1,293,989	0	For
State Street	1,259,974	0	For
John Hancock	1,205,899	0	For
TEMPLETON GROWTH FUND INC	1,116,747	0	For
AllianceBernstein	966,358	0	For
Dimensional	777,284	0	For
Calamos	738,463	0	For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

3. Elect Director Antonio Garza

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-30.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 728,966,142AGAINST: 7,406,032

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Amb. Antonio Garza (Ret.)”): 728,966,142 for, 7,406,032 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 933,500,000 outstanding shares: 78% for, 0.8% against (79% of the company cast a for/against vote).

The 147 asset managers below cast 99.8% of the shares they voted on this item FOR (108,594,239 for, 194,064 against).

FOR 99.8%

FOR: 108,594,239 (99.8%)AGAINST: 194,064 (0.2%)

Largest asset managers voting on “Elect Director Antonio Garza” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Vote
Vanguard	23,914,694	0	For
Fidelity	15,174,613	0	For
Investment Managers Series Trust	6,624,067	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	0	For
Bridge Builder Trust	4,769,660	0	For
BlackRock	4,508,088	0	For
Allspring	3,678,942	0	For
MFS	3,454,587	0	For
JPMorgan	3,309,879	0	For
Putnam	2,539,386	0	For
Charles Schwab	2,147,158	0	For
Legg Mason	2,143,154	0	For
Jackson National	1,737,974	0	For
Invesco	1,709,133	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	0	For
Morgan Stanley	1,441,378	0	For
Northern Trust	1,338,459	3,686	For
Franklin Custodian Funds	1,294,021	0	For
Thornburg	1,293,989	0	For
State Street	1,259,974	0	For
John Hancock	1,205,899	0	For
TEMPLETON GROWTH FUND INC	1,116,747	0	For
AllianceBernstein	966,358	0	For
Dimensional	777,284	0	For
Calamos	738,463	0	For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

4. Elect Director Edward R. Hamberger

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-30.

Combines 7 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 734,981,670AGAINST: 1,391,255

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: The Hon. Edward Hamberger”): 734,981,670 for, 1,391,255 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 933,500,000 outstanding shares: 79% for, 0.2% against (79% of the company cast a for/against vote).

The 147 asset managers below cast 100% of the shares they voted on this item FOR (108,788,303 for, 0 against).

FOR 100%

FOR: 108,788,303 (100.0%)

Largest asset managers voting on “Elect Director Edward R. Hamberger” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Vote
Vanguard	23,914,694	For
Fidelity	15,174,613	For
Investment Managers Series Trust	6,624,067	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	For
Bridge Builder Trust	4,769,660	For
BlackRock	4,508,088	For
Allspring	3,678,942	For
MFS	3,454,587	For
JPMorgan	3,309,879	For
Putnam	2,539,386	For
Charles Schwab	2,147,158	For
Legg Mason	2,143,154	For
Jackson National	1,737,974	For
Invesco	1,709,133	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	For
Morgan Stanley	1,441,378	For
Northern Trust	1,342,145	For
Franklin Custodian Funds	1,294,021	For
Thornburg	1,293,989	For
State Street	1,259,974	For
John Hancock	1,205,899	For
TEMPLETON GROWTH FUND INC	1,116,747	For
AllianceBernstein	966,358	For
Dimensional	777,284	For
Calamos	738,463	For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

5. ELECTION OF DIRECTOR: GORDON T. TRAFTON

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-30.

Combines 6 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%

FOR: 729,391,507AGAINST: 6,981,418

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Gordon T. Trafton”): 729,391,507 for, 6,981,418 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 933,500,000 outstanding shares: 78% for, 0.8% against (79% of the company cast a for/against vote).

The 147 asset managers below cast 99.8% of the shares they voted on this item FOR (108,624,169 for, 164,134 against).

FOR 99.8%

FOR: 108,624,169 (99.8%)AGAINST: 164,134 (0.2%)

Largest asset managers voting on “ELECTION OF DIRECTOR: GORDON T. TRAFTON” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Vote
Vanguard	23,914,694	For
Fidelity	15,174,613	For
Investment Managers Series Trust	6,624,067	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	For
Bridge Builder Trust	4,769,660	For
BlackRock	4,508,088	For
Allspring	3,678,942	For
MFS	3,454,587	For
JPMorgan	3,309,879	For
Putnam	2,539,386	For
Charles Schwab	2,147,158	For
Legg Mason	2,143,154	For
Jackson National	1,737,974	For
Invesco	1,709,133	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	For
Morgan Stanley	1,441,378	For
Northern Trust	1,342,145	For
Franklin Custodian Funds	1,294,021	For
Thornburg	1,293,989	For
State Street	1,259,974	For
John Hancock	1,205,899	For
TEMPLETON GROWTH FUND INC	1,116,747	For
AllianceBernstein	966,358	For
Dimensional	777,284	For
Calamos	738,463	For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

6. ELECTION OF DIRECTOR: HENRY J. MAIER

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-30.

Combines 5 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%

FOR: 729,578,685AGAINST: 6,794,238

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Henry Maier”): 729,578,685 for, 6,794,238 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 933,500,000 outstanding shares: 78% for, 0.8% against (79% of the company cast a for/against vote).

The 147 asset managers below cast 99.8% of the shares they voted on this item FOR (108,616,049 for, 172,254 against).

FOR 99.8%

FOR: 108,616,049 (99.8%)AGAINST: 172,254 (0.2%)

Largest asset managers voting on “ELECTION OF DIRECTOR: HENRY J. MAIER” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Vote
Vanguard	23,914,694	For
Fidelity	15,174,613	For
Investment Managers Series Trust	6,624,067	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	For
Bridge Builder Trust	4,769,660	For
BlackRock	4,508,088	For
Allspring	3,678,942	For
MFS	3,454,587	For
JPMorgan	3,309,879	For
Putnam	2,539,386	For
Charles Schwab	2,147,158	For
Legg Mason	2,143,154	For
Jackson National	1,737,974	For
Invesco	1,709,133	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	For
Morgan Stanley	1,441,378	For
Northern Trust	1,342,145	For
Franklin Custodian Funds	1,294,021	For
Thornburg	1,293,989	For
State Street	1,259,974	For
John Hancock	1,205,899	For
TEMPLETON GROWTH FUND INC	1,116,747	For
AllianceBernstein	966,358	For
Dimensional	777,284	For
Calamos	738,463	For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

7. ELECTION OF DIRECTOR: ISABELLE COURVILLE

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-30.

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 721,544,340AGAINST: 14,827,611

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Isabelle Courville”): 721,544,340 for, 14,827,611 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 933,500,000 outstanding shares: 77% for, 2% against (79% of the company cast a for/against vote).

The 147 asset managers below cast 100% of the shares they voted on this item FOR (108,788,303 for, 0 against).

FOR 100%

FOR: 108,788,303 (100.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: ISABELLE COURVILLE” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Vote
Vanguard	23,914,694	For
Fidelity	15,174,613	For
Investment Managers Series Trust	6,624,067	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	For
Bridge Builder Trust	4,769,660	For
BlackRock	4,508,088	For
Allspring	3,678,942	For
MFS	3,454,587	For
JPMorgan	3,309,879	For
Putnam	2,539,386	For
Charles Schwab	2,147,158	For
Legg Mason	2,143,154	For
Jackson National	1,737,974	For
Invesco	1,709,133	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	For
Morgan Stanley	1,441,378	For
Northern Trust	1,342,145	For
Franklin Custodian Funds	1,294,021	For
Thornburg	1,293,989	For
State Street	1,259,974	For
John Hancock	1,205,899	For
TEMPLETON GROWTH FUND INC	1,116,747	For
AllianceBernstein	966,358	For
Dimensional	777,284	For
Calamos	738,463	For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

8. ELECTION OF DIRECTOR: JANE L. PEVERETT

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-30.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 726,342,295AGAINST: 10,030,626

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Jane Peverett”): 726,342,295 for, 10,030,626 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 933,500,000 outstanding shares: 78% for, 1% against (79% of the company cast a for/against vote).

The 147 asset managers below cast 99.8% of the shares they voted on this item FOR (108,594,239 for, 194,064 against).

FOR 99.8%

FOR: 108,594,239 (99.8%)AGAINST: 194,064 (0.2%)

Largest asset managers voting on “ELECTION OF DIRECTOR: JANE L. PEVERETT” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Vote
Vanguard	23,914,694	0	For
Fidelity	15,174,613	0	For
Investment Managers Series Trust	6,624,067	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	0	For
Bridge Builder Trust	4,769,660	0	For
BlackRock	4,508,088	0	For
Allspring	3,678,942	0	For
MFS	3,454,587	0	For
JPMorgan	3,309,879	0	For
Putnam	2,539,386	0	For
Charles Schwab	2,147,158	0	For
Legg Mason	2,143,154	0	For
Jackson National	1,737,974	0	For
Invesco	1,709,133	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	0	For
Morgan Stanley	1,441,378	0	For
Northern Trust	1,338,459	3,686	For
Franklin Custodian Funds	1,294,021	0	For
Thornburg	1,293,989	0	For
State Street	1,259,974	0	For
John Hancock	1,205,899	0	For
TEMPLETON GROWTH FUND INC	1,116,747	0	For
AllianceBernstein	966,358	0	For
Dimensional	777,284	0	For
Calamos	738,463	0	For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

9. ELECTION OF DIRECTOR: JANET H. KENNEDY

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-30.

Combines 6 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 735,404,063AGAINST: 968,862

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Janet Kennedy”): 735,404,063 for, 968,862 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 933,500,000 outstanding shares: 79% for, 0.2% against (79% of the company cast a for/against vote).

The 147 asset managers below cast 100% of the shares they voted on this item FOR (108,788,303 for, 0 against).

FOR 100%

FOR: 108,788,303 (100.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: JANET H. KENNEDY” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Vote
Vanguard	23,914,694	For
Fidelity	15,174,613	For
Investment Managers Series Trust	6,624,067	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	For
Bridge Builder Trust	4,769,660	For
BlackRock	4,508,088	For
Allspring	3,678,942	For
MFS	3,454,587	For
JPMorgan	3,309,879	For
Putnam	2,539,386	For
Charles Schwab	2,147,158	For
Legg Mason	2,143,154	For
Jackson National	1,737,974	For
Invesco	1,709,133	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	For
Morgan Stanley	1,441,378	For
Northern Trust	1,342,145	For
Franklin Custodian Funds	1,294,021	For
Thornburg	1,293,989	For
State Street	1,259,974	For
John Hancock	1,205,899	For
TEMPLETON GROWTH FUND INC	1,116,747	For
AllianceBernstein	966,358	For
Dimensional	777,284	For
Calamos	738,463	For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

10. Elect Director John Baird

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-30.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 718,286,406AGAINST: 18,086,068

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: The Hon. John Baird”): 718,286,406 for, 18,086,068 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 933,500,000 outstanding shares: 77% for, 2% against (79% of the company cast a for/against vote).

The 147 asset managers below cast 99.7% of the shares they voted on this item FOR (108,495,623 for, 292,680 against).

FOR 99.7%

FOR: 108,495,623 (99.7%)AGAINST: 292,680 (0.3%)

Largest asset managers voting on “Elect Director John Baird” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Vote
Vanguard	23,914,694	0	For
Fidelity	15,174,613	0	For
Investment Managers Series Trust	6,624,067	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	0	For
Bridge Builder Trust	4,769,660	0	For
BlackRock	4,508,088	0	For
Allspring	3,678,942	0	For
MFS	3,454,587	0	For
JPMorgan	3,309,879	0	For
Putnam	2,539,386	0	For
Charles Schwab	2,147,158	0	For
Legg Mason	2,143,154	0	For
Jackson National	1,737,974	0	For
Invesco	1,709,133	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	0	For
Morgan Stanley	1,434,618	6,760	For
Northern Trust	1,338,459	3,686	For
Franklin Custodian Funds	1,294,021	0	For
Thornburg	1,293,989	0	For
State Street	1,259,974	0	For
John Hancock	1,205,899	0	For
TEMPLETON GROWTH FUND INC	1,116,747	0	For
AllianceBernstein	966,358	0	For
Dimensional	777,284	0	For
Calamos	738,463	0	For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

11. ELECTION OF DIRECTOR: KEITH E. CREEL

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-30.

Combines 5 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 735,237,084AGAINST: 1,135,841

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Keith E. Creel”): 735,237,084 for, 1,135,841 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 933,500,000 outstanding shares: 79% for, 0.2% against (79% of the company cast a for/against vote).

The 147 asset managers below cast 100% of the shares they voted on this item FOR (108,788,303 for, 0 against).

FOR 100%

FOR: 108,788,303 (100.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: KEITH E. CREEL” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Vote
Vanguard	23,914,694	For
Fidelity	15,174,613	For
Investment Managers Series Trust	6,624,067	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	For
Bridge Builder Trust	4,769,660	For
BlackRock	4,508,088	For
Allspring	3,678,942	For
MFS	3,454,587	For
JPMorgan	3,309,879	For
Putnam	2,539,386	For
Charles Schwab	2,147,158	For
Legg Mason	2,143,154	For
Jackson National	1,737,974	For
Invesco	1,709,133	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	For
Morgan Stanley	1,441,378	For
Northern Trust	1,342,145	For
Franklin Custodian Funds	1,294,021	For
Thornburg	1,293,989	For
State Street	1,259,974	For
John Hancock	1,205,899	For
TEMPLETON GROWTH FUND INC	1,116,747	For
AllianceBernstein	966,358	For
Dimensional	777,284	For
Calamos	738,463	For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

12. ELECTION OF DIRECTOR: MATTHEW H. PAULL

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-30.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 718,298,232AGAINST: 18,074,695

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Matthew Paull”): 718,298,232 for, 18,074,695 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 933,500,000 outstanding shares: 77% for, 2% against (79% of the company cast a for/against vote).

The 147 asset managers below cast 99.8% of the shares they voted on this item FOR (108,624,169 for, 164,134 against).

FOR 99.8%

FOR: 108,624,169 (99.8%)AGAINST: 164,134 (0.2%)

Largest asset managers voting on “ELECTION OF DIRECTOR: MATTHEW H. PAULL” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Vote
Vanguard	23,914,694	For
Fidelity	15,174,613	For
Investment Managers Series Trust	6,624,067	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	For
Bridge Builder Trust	4,769,660	For
BlackRock	4,508,088	For
Allspring	3,678,942	For
MFS	3,454,587	For
JPMorgan	3,309,879	For
Putnam	2,539,386	For
Charles Schwab	2,147,158	For
Legg Mason	2,143,154	For
Jackson National	1,737,974	For
Invesco	1,709,133	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	For
Morgan Stanley	1,441,378	For
Northern Trust	1,342,145	For
Franklin Custodian Funds	1,294,021	For
Thornburg	1,293,989	For
State Street	1,259,974	For
John Hancock	1,205,899	For
TEMPLETON GROWTH FUND INC	1,116,747	For
AllianceBernstein	966,358	For
Dimensional	777,284	For
Calamos	738,463	For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

13. ELECTION OF DIRECTOR: ARTURO GUTIERREZ HERNANDEZ

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-30.

Combines 7 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 716,184,276AGAINST: 20,188,651

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“Elect Director: Arturo Gutiérrez Hernández”): 716,184,276 for, 20,188,651 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 933,500,000 outstanding shares: 77% for, 2% against (79% of the company cast a for/against vote).

The 142 asset managers below cast 99.9% of the shares they voted on this item FOR (108,311,100 for, 8,120 against).

FOR 99.9%

FOR: 108,311,100 (100.0%)AGAINST: 8,120 (0.0%)

Largest asset managers voting on “ELECTION OF DIRECTOR: ARTURO GUTIERREZ HERNANDEZ” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Vote
Vanguard	23,914,694	For
Fidelity	15,174,613	For
Investment Managers Series Trust	6,624,067	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	For
Bridge Builder Trust	4,769,660	For
BlackRock	4,508,088	For
Allspring	3,678,942	For
MFS	3,454,587	For
JPMorgan	3,309,879	For
Putnam	2,539,386	For
Charles Schwab	2,147,158	For
Legg Mason	2,143,154	For
Jackson National	1,737,974	For
Invesco	1,709,133	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	For
Morgan Stanley	1,441,378	For
Northern Trust	1,342,145	For
Franklin Custodian Funds	1,294,021	For
Thornburg	1,293,989	For
State Street	1,259,974	For
John Hancock	1,205,899	For
TEMPLETON GROWTH FUND INC	1,116,747	For
AllianceBernstein	966,358	For
Dimensional	777,284	For
Calamos	738,463	For

Showing the 25 largest of 142 asset managers. See all 142 in the interactive database.

14. Advisory Vote on Executive Compensation Approach

COMPENSATION

Meeting held 2025-04-30.

96% fund support · no official result

FOR 94%

The 95 asset managers below cast 96% of the shares they voted on this item FOR (88,965,983 for, 4,024,707 against).

FOR: 88,965,983 (94.3%)AGAINST: 4,024,707 (4.3%)ABSTAIN: 1,347,178 (1.4%)

Largest asset managers voting on “Advisory Vote on Executive Compensation Approach” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	23,914,694	0	0	For
Fidelity	15,174,613	0	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	0	0	For
JPMorgan	4,578,904	0	0	For
NAYA CAPITAL MANAGEMENT UK LTD	2,841,124	0	1,347,178	For
Allspring	3,678,942	0	0	For
MFS	3,454,587	0	0	For
Desjardins Global Asset Management Inc.	3,074,754	0	0	For
Putnam	2,539,386	0	0	For
APG Asset Management US Inc.	0	2,220,531	0	Against
Legg Mason	2,143,154	0	0	For
Invesco	1,709,133	0	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	0	0	For
Morgan Stanley	1,441,378	0	0	For
Northern Trust	1,342,145	0	0	For
Franklin Custodian Funds	1,294,021	0	0	For
Thornburg	1,293,989	0	0	For
State Street	1,259,974	0	0	For
TEMPLETON GROWTH FUND INC	1,116,747	0	0	For
AllianceBernstein	966,358	0	0	For
Dimensional	0	777,284	0	Against
BNY Mellon	35,949	672,165	0	Against
TIAA	655,069	0	0	For
Catholic Responsible Investments Funds	576,455	0	0	For
American Century	549,989	0	0	For

Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.

15. Approve Amendments to Advance Notice Requirement

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-04-30.

46.9% fund support · no official result

FOR 46.9%AGAINST 53.1%

The 84 asset managers below cast 46.9% of the shares they voted on this item FOR (37,284,861 for, 42,226,114 against).

FOR: 37,284,861 (46.9%)AGAINST: 42,226,114 (53.1%)

Largest asset managers voting on “Approve Amendments to Advance Notice Requirement” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Vote
Vanguard	23,914,694	0	For
Fidelity	485,124	14,689,489	Against
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	0	For
Allspring	0	3,678,942	Against
MFS	0	3,454,587	Against
Putnam	0	2,539,386	Against
Legg Mason	861,256	1,281,898	Against
Invesco	972,612	736,521	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	0	1,643,605	Against
Morgan Stanley	1,434,618	6,760	For
Northern Trust	0	1,342,145	Against
Franklin Custodian Funds	0	1,294,021	Against
Thornburg	1,293,989	0	For
State Street	0	1,259,974	Against
TEMPLETON GROWTH FUND INC	0	1,116,747	Against
AllianceBernstein	0	966,358	Against
Dimensional	0	777,284	Against
BNY Mellon	672,165	35,949	For
TIAA	0	655,069	Against
Catholic Responsible Investments Funds	0	576,455	Against
American Century	0	549,989	Against
Lazard	538,897	0	For
Virtus	323,382	183,663	For
Prudential/PGIM	115,774	328,364	Against
Goldman Sachs	432,119	0	For

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

16. Management Advisory Vote on Climate Change

ENVIRONMENT OR CLIMATE

Meeting held 2025-04-30.

97% fund support · no official result

FOR 97%

The 84 asset managers below cast 97% of the shares they voted on this item FOR (77,375,349 for, 2,135,626 against).

FOR: 77,375,349 (97.3%)AGAINST: 2,135,626 (2.7%)

Largest asset managers voting on “Management Advisory Vote on Climate Change” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Vote
Vanguard	23,914,694	0	For
Fidelity	15,102,001	72,612	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	0	For
Allspring	3,678,942	0	For
MFS	3,454,587	0	For
Putnam	2,539,386	0	For
Legg Mason	2,143,154	0	For
Invesco	1,709,133	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	0	For
Morgan Stanley	1,434,618	6,760	For
Northern Trust	1,338,459	3,686	For
Franklin Custodian Funds	1,294,021	0	For
Thornburg	1,293,989	0	For
State Street	1,259,974	0	For
TEMPLETON GROWTH FUND INC	1,116,747	0	For
AllianceBernstein	966,358	0	For
Dimensional	0	777,284	Against
BNY Mellon	708,114	0	For
TIAA	655,069	0	For
Catholic Responsible Investments Funds	0	576,455	Against
American Century	549,989	0	For
Lazard	538,897	0	For
Virtus	507,045	0	For
Prudential/PGIM	444,138	0	For
Goldman Sachs	432,119	0	For

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

17. Ratify Ernst & Young LLP as Auditors

AUDIT-RELATED

Meeting held 2025-04-30.

100% fund support · no official result

FOR 99.2%

The 84 asset managers below cast 100% of the shares they voted on this item FOR (78,934,520 for, 0 against).

FOR: 78,934,520 (99.3%)ABSTAIN: 576,455 (0.7%)

Largest asset managers voting on “Ratify Ernst & Young LLP as Auditors” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	23,914,694	0	For
Fidelity	15,174,613	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	4,935,177	0	For
Allspring	3,678,942	0	For
MFS	3,454,587	0	For
Putnam	2,539,386	0	For
Legg Mason	2,143,154	0	For
Invesco	1,709,133	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	1,643,605	0	For
Morgan Stanley	1,441,378	0	For
Northern Trust	1,342,145	0	For
Franklin Custodian Funds	1,294,021	0	For
Thornburg	1,293,989	0	For
State Street	1,259,974	0	For
TEMPLETON GROWTH FUND INC	1,116,747	0	For
AllianceBernstein	966,358	0	For
Dimensional	777,284	0	For
BNY Mellon	708,114	0	For
TIAA	655,069	0	For
Catholic Responsible Investments Funds	0	576,455	Abstain
American Century	549,989	0	For
Lazard	538,897	0	For
Virtus	507,045	0	For
Prudential/PGIM	444,138	0	For
Goldman Sachs	432,119	0	For

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

18. Advisory vote to approve the Corporation's approach to climate change as described in the Proxy Circular.

ENVIRONMENT OR CLIMATE

Meeting held 2025-04-30.

Combines 3 wordings of this item as funds reported it.

99% fund support · no official result

FOR 99%

The 53 asset managers below cast 99% of the shares they voted on this item FOR (25,488,943 for, 378,988 against).

FOR: 25,488,943 (98.5%)AGAINST: 378,988 (1.5%)

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., 2024-2025
Asset manager	For	Against	Vote
Investment Managers Series Trust	6,624,067	0	For
Bridge Builder Trust	4,564,864	204,796	For
BlackRock	4,508,088	0	For
JPMorgan	3,309,879	0	For
Jackson National	1,735,974	2,000	For
John Hancock	1,189,593	16,306	For
Calamos	738,463	0	For
BBH Trust	467,794	0	For
BBR ALO Fund, LLC	265,258	0	For
Six Circles Trust	231,990	0	For
YCG Funds	200,115	0	For
Baird	182,729	0	For
First Trust	174,410	0	For
Natixis	164,134	0	For
PERMANENT PORTFOLIO FAMILY OF FUNDS	157,000	0	For
Manning & Napier	123,749	0	For
TIMOTHY PLAN	0	109,692	Against
CLEARWATER INVESTMENT TRUST	96,325	0	For
Gateway Trust	91,751	0	For
AMG Funds I	71,165	0	For
Brookfield Investment Funds	66,974	0	For
MASTER INVESTMENT PORTFOLIO	66,561	0	For
PFM Multi-Manager Series Trust	46,970	0	For
ADVISORS SERIES TRUST	46,810	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	46,488	0	For

Showing the 25 largest of 53 asset managers. See all 53 in the interactive database.

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

AUDIT-RELATED

Meeting held 2025-04-30.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.3%

The 52 asset managers below cast 100% of the shares they voted on this item FOR (25,686,196 for, 0 against).

FOR: 25,686,196 (99.4%)ABSTAIN: 164,134 (0.6%)

Largest asset managers voting on “Appointment of the Auditor as named in the Proxy Circular.” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Abstain	Vote
Investment Managers Series Trust	6,624,067	0	For
Bridge Builder Trust	4,769,660	0	For
BlackRock	4,508,088	0	For
JPMorgan	3,309,879	0	For
Jackson National	1,737,974	0	For
John Hancock	1,205,899	0	For
Calamos	738,463	0	For
BBH Trust	467,794	0	For
BBR ALO Fund, LLC	265,258	0	For
Six Circles Trust	231,990	0	For
YCG Funds	200,115	0	For
Baird	182,729	0	For
First Trust	174,410	0	For
Natixis	0	164,134	Abstain
PERMANENT PORTFOLIO FAMILY OF FUNDS	157,000	0	For
Manning & Napier	123,749	0	For
TIMOTHY PLAN	109,692	0	For
CLEARWATER INVESTMENT TRUST	96,325	0	For
Gateway Trust	91,751	0	For
AMG Funds I	71,165	0	For
Brookfield Investment Funds	66,974	0	For
MASTER INVESTMENT PORTFOLIO	66,561	0	For
PFM Multi-Manager Series Trust	46,970	0	For
ADVISORS SERIES TRUST	46,810	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	46,488	0	For

Showing the 25 largest of 52 asset managers. See all 52 in the interactive database.

20. Consider amendments to the Corporation's Advance Notice By-law (By-Law No. 2).

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-04-30.

Combines 2 wordings of this item as funds reported it.

92% fund support · no official result

FOR 92%8%

The 52 asset managers below cast 92% of the shares they voted on this item FOR (23,834,072 for, 2,016,258 against).

FOR: 23,834,072 (92.2%)AGAINST: 2,016,258 (7.8%)

Largest asset managers voting on “Consider amendments to the Corporation's Advance Notice By-law (By-Law No. 2).” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Vote
Investment Managers Series Trust	6,624,067	0	For
Bridge Builder Trust	4,564,864	204,796	For
BlackRock	3,568,226	939,862	For
JPMorgan	3,309,879	0	For
Jackson National	1,730,055	7,919	For
John Hancock	1,040,517	165,382	For
Calamos	738,463	0	For
BBH Trust	467,794	0	For
BBR ALO Fund, LLC	265,258	0	For
Six Circles Trust	231,990	0	For
YCG Funds	200,115	0	For
Baird	0	182,729	Against
First Trust	174,410	0	For
Natixis	0	164,134	Against
PERMANENT PORTFOLIO FAMILY OF FUNDS	157,000	0	For
Manning & Napier	123,749	0	For
TIMOTHY PLAN	109,692	0	For
CLEARWATER INVESTMENT TRUST	96,325	0	For
Gateway Trust	0	91,751	Against
AMG Funds I	0	71,165	Against
Brookfield Investment Funds	0	66,974	Against
MASTER INVESTMENT PORTFOLIO	66,561	0	For
PFM Multi-Manager Series Trust	46,970	0	For
ADVISORS SERIES TRUST	46,810	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	46,488	0	For

Showing the 25 largest of 52 asset managers. See all 52 in the interactive database.

21. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-30.

82% fund support · no official result

FOR 82%AGAINST 18%

The 32 asset managers below cast 82% of the shares they voted on this item FOR (29,741,678 for, 6,521,629 against).

FOR: 29,741,678 (82.0%)AGAINST: 6,521,629 (18.0%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Vote
TD ASSET MANAGEMENT INC	21,789,424	0	For
FAYEZ SAROFIM & CO	0	3,776,408	Against
Findlay Park Partners LLP	3,258,396	0	For
TD Waterhouse Canada Inc.	2,276,987	0	For
Charles Schwab	2,147,158	0	For
Mirova US LLC	0	1,465,547	Against
Russell Investments	0	484,779	Against
TCW ETF Trust	0	187,803	Against
Neuberger Berman	0	142,110	Against
Regime de rentes du Mouvement Desjardins	140,896	0	For
STERLING CAPITAL FUNDS	0	108,953	Against
SEI	0	92,615	Against
Mercer Funds	77,650	0	For
Nationwide	0	59,357	Against
IMPAX FUNDS SERIES TRUST I	0	42,112	Against
Windmill Hill Asset Management Ltd	0	37,262	Against
Sarasin & Partners LLP	0	35,000	Against
SOROS CAPITAL MANAGEMENT LLC	31,678	0	For
Hartford	0	23,735	Against
LOUISBOURG INVESTMENTS INC.	0	22,823	Against
Frost Family of Funds	0	14,368	Against
ADVISORS' INNER CIRCLE FUND	0	13,490	Against
Total Fund Solution	11,013	0	For
Prudential/PGIM	0	8,870	Against
Beutel, Goodman & Co Ltd.	7,900	0	For

Showing the 25 largest of 32 asset managers. See all 32 in the interactive database.

22. Adoption of an Advance Notice Policy

CORPORATE GOVERNANCE

Meeting held 2025-04-30.

98% fund support · no official result

FOR 98%

The 17 asset managers below cast 98% of the shares they voted on this item FOR (3,342,196 for, 77,650 against).

FOR: 3,342,196 (97.7%)AGAINST: 77,650 (2.3%)

Largest asset managers voting on “Adoption of an Advance Notice Policy” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Vote
Charles Schwab	2,147,158	0	For
Russell Investments	484,779	0	For
TCW ETF Trust	187,803	0	For
Neuberger Berman	142,110	0	For
STERLING CAPITAL FUNDS	108,953	0	For
SEI	92,615	0	For
Mercer Funds	0	77,650	Against
Nationwide	59,357	0	For
IMPAX FUNDS SERIES TRUST I	42,112	0	For
Hartford	23,735	0	For
Frost Family of Funds	14,368	0	For
ADVISORS' INNER CIRCLE FUND	13,490	0	For
Total Fund Solution	11,013	0	For
Prudential/PGIM	8,870	0	For
Brighthouse	4,212	0	For
Morningstar Funds Trust	865	0	For
Global X	756	0	For

23. Advisory Vote on Approach to Climate Change

ENVIRONMENT OR CLIMATE

Meeting held 2025-04-30.

99% fund support · no official result

FOR 99%

The 17 asset managers below cast 99% of the shares they voted on this item FOR (3,377,734 for, 42,112 against).

FOR: 3,377,734 (98.8%)AGAINST: 42,112 (1.2%)

Largest asset managers voting on “Advisory Vote on Approach to Climate Change” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Vote
Charles Schwab	2,147,158	0	For
Russell Investments	484,779	0	For
TCW ETF Trust	187,803	0	For
Neuberger Berman	142,110	0	For
STERLING CAPITAL FUNDS	108,953	0	For
SEI	92,615	0	For
Mercer Funds	77,650	0	For
Nationwide	59,357	0	For
IMPAX FUNDS SERIES TRUST I	0	42,112	Against
Hartford	23,735	0	For
Frost Family of Funds	14,368	0	For
ADVISORS' INNER CIRCLE FUND	13,490	0	For
Total Fund Solution	11,013	0	For
Prudential/PGIM	8,870	0	For
Brighthouse	4,212	0	For
Morningstar Funds Trust	865	0	For
Global X	756	0	For

24. Appointment of Auditor

AUDIT-RELATED

Meeting held 2025-04-30.

100% fund support · no official result

FOR 100%

The 17 asset managers below cast 100% of the shares they voted on this item FOR (3,419,846 for, 0 against).

FOR: 3,419,846 (100.0%)

Largest asset managers voting on “Appointment of Auditor” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Vote
Charles Schwab	2,147,158	For
Russell Investments	484,779	For
TCW ETF Trust	187,803	For
Neuberger Berman	142,110	For
STERLING CAPITAL FUNDS	108,953	For
SEI	92,615	For
Mercer Funds	77,650	For
Nationwide	59,357	For
IMPAX FUNDS SERIES TRUST I	42,112	For
Hartford	23,735	For
Frost Family of Funds	14,368	For
ADVISORS' INNER CIRCLE FUND	13,490	For
Total Fund Solution	11,013	For
Prudential/PGIM	8,870	For
Brighthouse	4,212	For
Morningstar Funds Trust	865	For
Global X	756	For

25. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-30.

52.5% fund support · no official result

FOR 39%AGAINST 35%NO VOTE 26%

The 11 asset managers below cast 52.5% of the shares they voted on this item FOR (708,714 for, 641,308 against).

FOR: 708,714 (38.8%)AGAINST: 641,308 (35.1%)NO VOTE: 474,385 (26.0%)NOT VOTED: 3,357 (0.2%)

Largest asset managers voting on “14A Executive Compensation” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Vote
Focus Partners Wealth	29,734	444,651	No Vote
Port Capital LLC	548,570	0	For
Vancity Investment Management Ltd	0	196,042	Against
London & Capital Asset Management Ltd	65,829	0	For
EAGLE GLOBAL ADVISORS LLC	56,042	0	For
ETF Opportunities Trust	6,907	0	For
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	Not Voted
Inlet Private Wealth, LLC	1,095	0	For
COURIER CAPITAL LLC	0	615	Against
Gibson Capital, LLC	525	0	For
PEDDOCK CAPITAL ADVISORS, LLC	12	0	For

26. 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 2024-04-24 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

89% Majority: yes · of votes cast

FOR 89%11%

FOR: 658,264,300AGAINST: 79,167,565

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.”): 658,264,300 for, 79,167,565 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 933,500,000 outstanding shares: 71% for, 8% against (79% of the company cast a for/against vote).

The 6 asset managers below cast 100% of the shares they voted on this item FOR (23,055 for, 0 against).

FOR 100%

FOR: 23,055 (100.0%)

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., 2024-2025
Asset manager	For	Vote
CANTOR FITZGERALD INFRASTRUCTURE FUND	12,773	For
Gallo Partners, LP	8,437	For
COLDSTREAM CAPITAL MANAGEMENT INC	1,230	For
VAUGHAN DAVID INVESTMENTS LLC/IL	500	For
Ipswich Investment Management Co., Inc.	115	For
Echo45 Advisors LLC	0	--

27. 5E Election of Director - Arturo Guti?rrez Hern?ndez

DIRECTOR ELECTIONS

Meeting held 2025-04-30.

100% fund support · no official result

FOR 100%

The 6 asset managers below cast 100% of the shares they voted on this item FOR (458,070 for, 0 against).

FOR: 458,070 (100.0%)

Largest asset managers voting on “5E Election of Director - Arturo Guti?rrez Hern?ndez” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Vote
BBR ALO Fund, LLC	265,258	For
First Trust	174,410	For
AMERICAN GROWTH FUND INC	10,000	For
Ultimus Managers Trust	5,444	For
RBB FUND, INC.	2,958	For
SARATOGA ADVANTAGE TRUST	0	--

28. Advisory vote to Approve Named Executive Officer Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-30.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (900 for, 0 against).

FOR: 900 (100.0%)

Largest asset managers voting on “Advisory vote to Approve Named Executive Officer Compensation” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Parisi Gray Wealth Management	561	0	0	0	For
EAGLE HARBOR ASSET MANAGEMENT INC /ADV	339	0	0	0	For

29. Ratify Appointment of Independent Auditors

AUDIT-RELATED

Meeting held 2025-04-30.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (7,152 for, 0 against).

FOR: 7,152 (100.0%)

Largest asset managers voting on “Ratify Appointment of Independent Auditors” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
ETF Opportunities Trust	6,907	0	0	0	For
MARCO INVESTMENT MANAGEMENT LLC	245	0	0	0	For

Largest CANADIAN PACIFIC KANSAS CITY LTD. shareholders voting in 2024-2025

Ranked by the number of CANADIAN PACIFIC KANSAS CITY LTD. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 933,500,000 shares outstanding at the time of that meeting.

Top CANADIAN PACIFIC KANSAS CITY LTD. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	BlackRock	3.92%
2	1832 Asset Management L.P.	1.60%
3	Pershing Square	1.59%
4	WCM INVESTMENT MANAGEMENT, LLC	1.33%
5	Investment Managers Series Trust	0.71%
6	Fiera Capital Corp	0.57%
7	SCOTIA CAPITAL INC.	0.54%
8	Bridge Builder Trust	0.51%
9	JPMorgan	0.36%
10	Northern Trust	0.34%

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 2024-2025 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	3.98%	13F
Invesco	1.82%	13F
FMR (Fidelity)	1.71%	13F
Norges Bank	1.38%	13F
Goldman Sachs	1.00%	13F
Franklin Templeton	0.95%	13F
JPMorgan Chase	0.92%	13F
Geode Capital	0.67%	13F
Morgan Stanley	0.66%	13F
Northern Trust	0.31%	13F

Percentages above are of 933,500,000 shares outstanding, as reported by CANADIAN PACIFIC KANSAS CITY LTD. on its Form 10-K dated 2024-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 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-K dated 2024-12-31. 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 2025-04-30, in the 2024-2025 proxy season, 559 asset managers reported how they voted in their SEC Form N-PX filings, covering 7,201 separate fund positions. Their filings are grouped here into 29 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 94% 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 · 2024-2025 (this page) · 2025-2026.