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South Bow Corporation 2025-2026 Proxy Voting Records

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

25Reported items
273Asset managers
1,918Fund votes
2026-05-07Meeting date

Proxy season: 2024-2025 2025-2026

Explore South Bow Corporation in the interactive database Compare manager voting policies

How asset managers voted at the South Bow Corporation 2025-2026 meeting

Each item below shows how the 273 asset managers that disclosed a South Bow Corporation 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 South Bow Corporation’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. Accept the Company's approach to executive compensation, as set forth in the Circular.

SECTION 14A SAY-ON-PAY VOTES

Combines 6 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 192 asset managers below cast 99.9% of the shares they voted on this item FOR (13,476,132 for, 4,220 against).

FOR: 13,476,132 (100.0%)AGAINST: 4,220 (0.0%)ABSTAIN: 140 (0.0%)

Largest asset managers voting on “Accept the Company's approach to executive compensation, as set forth in the Circular.” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
BlackRock	4,948,221	For
SCOTIA CAPITAL INC.	1,830,605	For
Two Roads Shared Trust	1,074,397	For
PORTLAND INVESTMENT COUNSEL INC.	970,061	For
John Hancock	940,000	For
Ultimus Managers Trust	847,843	For
TORTOISE CAPITAL ADVISORS, L.L.C.	790,491	For
Tortoise Capital Series Trust	762,974	For
Brookfield Investment Funds	517,171	For
1832 Asset Management L.P.	162,471	For
Northern Trust	134,549	For
ENVESTNET ASSET MANAGEMENT INC	81,136	For
NATIONAL BANK INVESTMENTS INC.	59,585	For
RAYMOND JAMES & ASSOCIATES	46,966	For
OPPENHEIMER & CO INC	37,820	For
Amplify ETF Trust	29,754	For
Edward D. Jones & Co., L.P.	24,346	For
SILVERCREST ASSET MANAGEMENT GROUP LLC	23,421	For
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	15,777	For
apricus wealth, LLC	15,180	For
DIVIDEND ASSETS CAPITAL, LLC	13,555	For
LPL Financial LLC	12,758	For
WELLS FARGO CLEARING SERVICES, LLC	11,486	For
BAROMETER CAPITAL MANAGEMENT INC.	11,100	For
Fiera Capital Corp	10,792	For

Showing the 25 largest of 192 asset managers. See all 192 in the interactive database.

2. ELECT DIRECTOR BEVIN WIRZBA

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 57 asset managers below cast 100% of the shares they voted on this item FOR (48,949,604 for, 0 against).

FOR: 48,949,604 (100.0%)

Largest asset managers voting on “ELECT DIRECTOR BEVIN WIRZBA” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Capital Group	14,369,951	For
Vanguard	5,958,136	For
Fidelity	4,986,533	For
Thornburg	3,244,517	For
T. Rowe Price	2,843,323	For
Global X	2,207,799	For
Dimensional	1,649,252	For
Cohen & Steers	1,578,540	For
Two Roads Shared Trust	1,074,397	For
John Hancock	957,508	For
New York Life	860,884	For
Ultimus Managers Trust	855,250	For
Invesco	817,752	For
BlackRock	811,899	For
American Century	806,827	For
Tortoise Capital Series Trust	762,974	For
Prudential/PGIM	628,897	For
USCF ETF Trust	580,681	For
Brookfield Investment Funds	517,171	For
ALPS ETF Trust	509,091	For
Bridge Builder Trust	442,698	For
Charles Schwab	433,283	For
Principal	370,477	For
State Street	353,498	For
Legg Mason	205,006	For

Showing the 25 largest of 57 asset managers. See all 57 in the interactive database.

3. ELECT DIRECTOR CHANSOO JOUNG

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99% fund support · no official result

FOR 99%

The 57 asset managers below cast 99% of the shares they voted on this item FOR (48,368,923 for, 580,681 against).

FOR: 48,368,923 (98.8%)AGAINST: 580,681 (1.2%)

Largest asset managers voting on “ELECT DIRECTOR CHANSOO JOUNG” at South Bow Corporation, 2025-2026
Asset manager	For	Against	Vote
Capital Group	14,369,951	0	For
Vanguard	5,958,136	0	For
Fidelity	4,986,533	0	For
Thornburg	3,244,517	0	For
T. Rowe Price	2,843,323	0	For
Global X	2,207,799	0	For
Dimensional	1,649,252	0	For
Cohen & Steers	1,578,540	0	For
Two Roads Shared Trust	1,074,397	0	For
John Hancock	957,508	0	For
New York Life	860,884	0	For
Ultimus Managers Trust	855,250	0	For
Invesco	817,752	0	For
BlackRock	811,899	0	For
American Century	806,827	0	For
Tortoise Capital Series Trust	762,974	0	For
Prudential/PGIM	628,897	0	For
USCF ETF Trust	0	580,681	Against
Brookfield Investment Funds	517,171	0	For
ALPS ETF Trust	509,091	0	For
Bridge Builder Trust	442,698	0	For
Charles Schwab	433,283	0	For
Principal	370,477	0	For
State Street	353,498	0	For
Legg Mason	205,006	0	For

Showing the 25 largest of 57 asset managers. See all 57 in the interactive database.

4. ELECT DIRECTOR FRANCES M. VALLEJO

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 57 asset managers below cast 100% of the shares they voted on this item FOR (48,949,604 for, 0 against).

FOR: 48,949,604 (100.0%)

Largest asset managers voting on “ELECT DIRECTOR FRANCES M. VALLEJO” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Capital Group	14,369,951	For
Vanguard	5,958,136	For
Fidelity	4,986,533	For
Thornburg	3,244,517	For
T. Rowe Price	2,843,323	For
Global X	2,207,799	For
Dimensional	1,649,252	For
Cohen & Steers	1,578,540	For
Two Roads Shared Trust	1,074,397	For
John Hancock	957,508	For
New York Life	860,884	For
Ultimus Managers Trust	855,250	For
Invesco	817,752	For
BlackRock	811,899	For
American Century	806,827	For
Tortoise Capital Series Trust	762,974	For
Prudential/PGIM	628,897	For
USCF ETF Trust	580,681	For
Brookfield Investment Funds	517,171	For
ALPS ETF Trust	509,091	For
Bridge Builder Trust	442,698	For
Charles Schwab	433,283	For
Principal	370,477	For
State Street	353,498	For
Legg Mason	205,006	For

Showing the 25 largest of 57 asset managers. See all 57 in the interactive database.

5. ELECT DIRECTOR LEONARD MALLETT

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 57 asset managers below cast 100% of the shares they voted on this item FOR (48,949,604 for, 0 against).

FOR: 48,949,604 (100.0%)

Largest asset managers voting on “ELECT DIRECTOR LEONARD MALLETT” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Capital Group	14,369,951	For
Vanguard	5,958,136	For
Fidelity	4,986,533	For
Thornburg	3,244,517	For
T. Rowe Price	2,843,323	For
Global X	2,207,799	For
Dimensional	1,649,252	For
Cohen & Steers	1,578,540	For
Two Roads Shared Trust	1,074,397	For
John Hancock	957,508	For
New York Life	860,884	For
Ultimus Managers Trust	855,250	For
Invesco	817,752	For
BlackRock	811,899	For
American Century	806,827	For
Tortoise Capital Series Trust	762,974	For
Prudential/PGIM	628,897	For
USCF ETF Trust	580,681	For
Brookfield Investment Funds	517,171	For
ALPS ETF Trust	509,091	For
Bridge Builder Trust	442,698	For
Charles Schwab	433,283	For
Principal	370,477	For
State Street	353,498	For
Legg Mason	205,006	For

Showing the 25 largest of 57 asset managers. See all 57 in the interactive database.

6. ELECT DIRECTOR GEORGE LEWIS

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99% fund support · no official result

FOR 99%

The 57 asset managers below cast 99% of the shares they voted on this item FOR (48,368,923 for, 580,681 against).

FOR: 48,368,923 (98.8%)AGAINST: 580,681 (1.2%)

Largest asset managers voting on “ELECT DIRECTOR GEORGE LEWIS” at South Bow Corporation, 2025-2026
Asset manager	For	Against	Vote
Capital Group	14,369,951	0	For
Vanguard	5,958,136	0	For
Fidelity	4,986,533	0	For
Thornburg	3,244,517	0	For
T. Rowe Price	2,843,323	0	For
Global X	2,207,799	0	For
Dimensional	1,649,252	0	For
Cohen & Steers	1,578,540	0	For
Two Roads Shared Trust	1,074,397	0	For
John Hancock	957,508	0	For
New York Life	860,884	0	For
Ultimus Managers Trust	855,250	0	For
Invesco	817,752	0	For
BlackRock	811,899	0	For
American Century	806,827	0	For
Tortoise Capital Series Trust	762,974	0	For
Prudential/PGIM	628,897	0	For
USCF ETF Trust	0	580,681	Against
Brookfield Investment Funds	517,171	0	For
ALPS ETF Trust	509,091	0	For
Bridge Builder Trust	442,698	0	For
Charles Schwab	433,283	0	For
Principal	370,477	0	For
State Street	353,498	0	For
Legg Mason	205,006	0	For

Showing the 25 largest of 57 asset managers. See all 57 in the interactive database.

7. ELECT DIRECTOR MARY PAT SALOMONE

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 57 asset managers below cast 100% of the shares they voted on this item FOR (48,949,604 for, 0 against).

FOR: 48,949,604 (100.0%)

Largest asset managers voting on “ELECT DIRECTOR MARY PAT SALOMONE” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Capital Group	14,369,951	For
Vanguard	5,958,136	For
Fidelity	4,986,533	For
Thornburg	3,244,517	For
T. Rowe Price	2,843,323	For
Global X	2,207,799	For
Dimensional	1,649,252	For
Cohen & Steers	1,578,540	For
Two Roads Shared Trust	1,074,397	For
John Hancock	957,508	For
New York Life	860,884	For
Ultimus Managers Trust	855,250	For
Invesco	817,752	For
BlackRock	811,899	For
American Century	806,827	For
Tortoise Capital Series Trust	762,974	For
Prudential/PGIM	628,897	For
USCF ETF Trust	580,681	For
Brookfield Investment Funds	517,171	For
ALPS ETF Trust	509,091	For
Bridge Builder Trust	442,698	For
Charles Schwab	433,283	For
Principal	370,477	For
State Street	353,498	For
Legg Mason	205,006	For

Showing the 25 largest of 57 asset managers. See all 57 in the interactive database.

8. ELECT DIRECTOR ROBERT (BOB) G. PHILLIPS

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 57 asset managers below cast 100% of the shares they voted on this item FOR (48,949,604 for, 0 against).

FOR: 48,949,604 (100.0%)

Largest asset managers voting on “ELECT DIRECTOR ROBERT (BOB) G. PHILLIPS” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Capital Group	14,369,951	For
Vanguard	5,958,136	For
Fidelity	4,986,533	For
Thornburg	3,244,517	For
T. Rowe Price	2,843,323	For
Global X	2,207,799	For
Dimensional	1,649,252	For
Cohen & Steers	1,578,540	For
Two Roads Shared Trust	1,074,397	For
John Hancock	957,508	For
New York Life	860,884	For
Ultimus Managers Trust	855,250	For
Invesco	817,752	For
BlackRock	811,899	For
American Century	806,827	For
Tortoise Capital Series Trust	762,974	For
Prudential/PGIM	628,897	For
USCF ETF Trust	580,681	For
Brookfield Investment Funds	517,171	For
ALPS ETF Trust	509,091	For
Bridge Builder Trust	442,698	For
Charles Schwab	433,283	For
Principal	370,477	For
State Street	353,498	For
Legg Mason	205,006	For

Showing the 25 largest of 57 asset managers. See all 57 in the interactive database.

9. ELECT DIRECTOR SHANNON RYHORCHUK

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 57 asset managers below cast 100% of the shares they voted on this item FOR (48,949,604 for, 0 against).

FOR: 48,949,604 (100.0%)

Largest asset managers voting on “ELECT DIRECTOR SHANNON RYHORCHUK” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Capital Group	14,369,951	For
Vanguard	5,958,136	For
Fidelity	4,986,533	For
Thornburg	3,244,517	For
T. Rowe Price	2,843,323	For
Global X	2,207,799	For
Dimensional	1,649,252	For
Cohen & Steers	1,578,540	For
Two Roads Shared Trust	1,074,397	For
John Hancock	957,508	For
New York Life	860,884	For
Ultimus Managers Trust	855,250	For
Invesco	817,752	For
BlackRock	811,899	For
American Century	806,827	For
Tortoise Capital Series Trust	762,974	For
Prudential/PGIM	628,897	For
USCF ETF Trust	580,681	For
Brookfield Investment Funds	517,171	For
ALPS ETF Trust	509,091	For
Bridge Builder Trust	442,698	For
Charles Schwab	433,283	For
Principal	370,477	For
State Street	353,498	For
Legg Mason	205,006	For

Showing the 25 largest of 57 asset managers. See all 57 in the interactive database.

10. ELECT DIRECTOR SONYA REED

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 57 asset managers below cast 100% of the shares they voted on this item FOR (48,949,604 for, 0 against).

FOR: 48,949,604 (100.0%)

Largest asset managers voting on “ELECT DIRECTOR SONYA REED” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Capital Group	14,369,951	For
Vanguard	5,958,136	For
Fidelity	4,986,533	For
Thornburg	3,244,517	For
T. Rowe Price	2,843,323	For
Global X	2,207,799	For
Dimensional	1,649,252	For
Cohen & Steers	1,578,540	For
Two Roads Shared Trust	1,074,397	For
John Hancock	957,508	For
New York Life	860,884	For
Ultimus Managers Trust	855,250	For
Invesco	817,752	For
BlackRock	811,899	For
American Century	806,827	For
Tortoise Capital Series Trust	762,974	For
Prudential/PGIM	628,897	For
USCF ETF Trust	580,681	For
Brookfield Investment Funds	517,171	For
ALPS ETF Trust	509,091	For
Bridge Builder Trust	442,698	For
Charles Schwab	433,283	For
Principal	370,477	For
State Street	353,498	For
Legg Mason	205,006	For

Showing the 25 largest of 57 asset managers. See all 57 in the interactive database.

11. ELECT DIRECTOR DON WISHART

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.6% fund support · no official result

FOR 99.6%

The 53 asset managers below cast 99.6% of the shares they voted on this item FOR (45,473,457 for, 181,635 against).

FOR: 45,473,457 (99.6%)AGAINST: 181,635 (0.4%)

Largest asset managers voting on “ELECT DIRECTOR DON WISHART” at South Bow Corporation, 2025-2026
Asset manager	For	Against	Vote
Capital Group	14,369,951	0	For
Vanguard	5,958,136	0	For
Fidelity	4,986,533	0	For
Thornburg	3,244,517	0	For
T. Rowe Price	2,843,323	0	For
Dimensional	1,649,252	0	For
Cohen & Steers	1,578,540	0	For
Two Roads Shared Trust	1,074,397	0	For
John Hancock	957,508	0	For
New York Life	860,884	0	For
Ultimus Managers Trust	855,250	0	For
Invesco	817,752	0	For
BlackRock	811,899	0	For
American Century	806,827	0	For
Tortoise Capital Series Trust	581,339	181,635	For
USCF ETF Trust	580,681	0	For
Brookfield Investment Funds	517,171	0	For
ALPS ETF Trust	509,091	0	For
Bridge Builder Trust	442,698	0	For
Principal	370,477	0	For
State Street	353,498	0	For
Legg Mason	205,006	0	For
ALPS Variable Investment Trust	173,268	0	For
TIAA	155,622	0	For
Northern Trust	111,899	0	For

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

12. ELECT DIRECTOR HAL KVISLE

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.2% fund support · no official result

FOR 99.2%

The 53 asset managers below cast 99.2% of the shares they voted on this item FOR (45,301,594 for, 353,498 against).

FOR: 45,301,594 (99.2%)AGAINST: 353,498 (0.8%)

Largest asset managers voting on “ELECT DIRECTOR HAL KVISLE” at South Bow Corporation, 2025-2026
Asset manager	For	Against	Vote
Capital Group	14,369,951	0	For
Vanguard	5,958,136	0	For
Fidelity	4,986,533	0	For
Thornburg	3,244,517	0	For
T. Rowe Price	2,843,323	0	For
Dimensional	1,649,252	0	For
Cohen & Steers	1,578,540	0	For
Two Roads Shared Trust	1,074,397	0	For
John Hancock	957,508	0	For
New York Life	860,884	0	For
Ultimus Managers Trust	855,250	0	For
Invesco	817,752	0	For
BlackRock	811,899	0	For
American Century	806,827	0	For
Tortoise Capital Series Trust	762,974	0	For
USCF ETF Trust	580,681	0	For
Brookfield Investment Funds	517,171	0	For
ALPS ETF Trust	509,091	0	For
Bridge Builder Trust	442,698	0	For
Principal	370,477	0	For
State Street	0	353,498	Against
Legg Mason	205,006	0	For
ALPS Variable Investment Trust	173,268	0	For
TIAA	155,622	0	For
Northern Trust	111,899	0	For

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

13. Advisory Vote on Executive Compensation Approach

SECTION 14A SAY-ON-PAY VOTES

99.6% fund support · no official result

FOR 99.6%

The 51 asset managers below cast 99.6% of the shares they voted on this item FOR (42,618,437 for, 151,862 against).

FOR: 42,618,437 (99.6%)AGAINST: 151,862 (0.4%)

Largest asset managers voting on “Advisory Vote on Executive Compensation Approach” at South Bow Corporation, 2025-2026
Asset manager	For	Against	Vote
Capital Group	14,369,951	0	For
Vanguard	5,958,136	0	For
Fidelity	4,986,533	0	For
Thornburg	3,244,517	0	For
T. Rowe Price	2,843,323	0	For
Dimensional	1,649,252	0	For
Cohen & Steers	1,578,540	0	For
New York Life	860,884	0	For
Invesco	817,752	0	For
American Century	806,827	0	For
BlackRock	702,822	0	For
MILLER HOWARD INVESTMENTS INC /NY	580,757	0	For
USCF ETF Trust	580,681	0	For
ALPS ETF Trust	509,091	0	For
Bridge Builder Trust	442,698	0	For
JPMorgan	418,321	0	For
Principal	370,477	0	For
State Street	353,498	0	For
Ausbil Investment Management Ltd	220,044	0	For
Legg Mason	205,006	0	For
ALPS Variable Investment Trust	173,268	0	For
TIAA	155,622	0	For
NORDEA INVESTMENT MANAGEMENT AB	0	151,862	Against
Northern Trust	111,899	0	For
RBB FUND, INC.	109,301	0	For

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

14. APPROVE KPMG LLP AS AUDITORS AND AUTHORIZE BOARD TO FIX THEIR REMUNERATION

AUDIT-RELATEDCOMPENSATION

100% fund support · no official result

FOR 100%

The 42 asset managers below cast 100% of the shares they voted on this item FOR (41,323,838 for, 0 against).

FOR: 41,323,838 (100.0%)

Largest asset managers voting on “APPROVE KPMG LLP AS AUDITORS AND AUTHORIZE BOARD TO FIX THEIR REMUNERATION” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Capital Group	14,369,951	For
Vanguard	5,958,136	For
Fidelity	4,986,533	For
Thornburg	3,244,517	For
T. Rowe Price	2,843,323	For
Dimensional	1,649,252	For
Cohen & Steers	1,578,540	For
New York Life	860,884	For
Invesco	817,752	For
American Century	806,827	For
BlackRock	691,489	For
USCF ETF Trust	580,681	For
ALPS ETF Trust	509,091	For
Bridge Builder Trust	442,698	For
Principal	370,477	For
State Street	353,498	For
Legg Mason	205,006	For
ALPS Variable Investment Trust	173,268	For
TIAA	155,622	For
Northern Trust	111,899	For
RBB FUND, INC.	109,301	For
INTERNATIONAL GROWTH & INCOME FUND	97,112	For
Empower	93,295	For
Prudential/PGIM	82,483	For
Northwestern Mutual	73,178	For

Showing the 25 largest of 42 asset managers. See all 42 in the interactive database.

15. APPOINT KPMG LLP, AS AUDITOR OF THE COMPANY FOR THE ENSUING YEAR AT A REMUNERATION TO BE FIXED BY THE DIRECTORS.

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 14 asset managers below cast 100% of the shares they voted on this item FOR (4,331,254 for, 0 against).

FOR: 4,331,254 (100.0%)

Largest asset managers voting on “APPOINT KPMG LLP, AS AUDITOR OF THE COMPANY FOR THE ENSUING YEAR AT A REMUNERATION TO BE FIXED BY THE DIRECTOR” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Two Roads Shared Trust	1,074,397	For
John Hancock	940,000	For
Ultimus Managers Trust	855,250	For
Tortoise Capital Series Trust	762,974	For
Brookfield Investment Funds	517,171	For
BlackRock	120,410	For
Amplify ETF Trust	29,754	For
apricus wealth, LLC	15,180	For
Pacer Funds Trust	8,041	For
Jackson National	7,033	For
RBB FUND, INC.	584	For
Legacy Capital Wealth Partners, LLC	278	For
Gabelli	180	For
Crewe Advisors LLC	2	For

16. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 10 asset managers below cast 100% of the shares they voted on this item FOR (5,283,980 for, 0 against).

FOR: 5,283,980 (100.0%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Global X	2,207,799	For
TD Waterhouse Canada Inc.	1,956,756	For
Prudential/PGIM	546,414	For
Charles Schwab	433,283	For
VanEck ETF Trust	93,107	For
Financiere des Professionnels - Fonds d'investissement inc.	24,300	For
Russell Investments	13,909	For
Purpose Unlimited Inc.	8,064	For
Canopy Partners, LLC	225	For
LOUISBOURG INVESTMENTS INC.	123	For

17. Advisory Vote on Executive Compensation - Accept the Companys approach to executive compensation, as set forth in the Circular.

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 8 asset managers below cast 100% of the shares they voted on this item FOR (5,980 for, 0 against).

FOR: 5,980 (100.0%)

Largest asset managers voting on “Advisory Vote on Executive Compensation - Accept the Companys approach to executive compensation, as set forth” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Argent Trust Co	4,230	For
STOCK YARDS BANK & TRUST CO	734	For
Midwest Trust Co	381	For
TCV Trust & Wealth Management, Inc.	300	For
First Citizens Financial Corp	160	For
Somerset Trust Co	80	For
First County Bank /CT/	51	For
Trust Point Inc.	44	For

18. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 93%

The 7 asset managers below cast 100% of the shares they voted on this item FOR (6,022 for, 0 against).

FOR: 6,022 (93.2%)ABSTAIN: 440 (6.8%)

Largest asset managers voting on “14A Executive Compensation” at South Bow Corporation, 2025-2026
Asset manager	For	Abstain	Vote
K.J. Harrison & Partners Inc	4,950	0	For
Claret Asset Management Corp	788	0	For
LEAVELL INVESTMENT MANAGEMENT, INC.	0	440	Abstain
ESL Trust Services, LLC	100	0	For
Baker Avenue Asset Management, LP	88	0	For
McGowan Group Asset Management, Inc.	53	0	For
Ballew Advisors, Inc	43	0	For

19. Appointment of Auditor and Authority to Set Fees

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (3,294,512 for, 0 against).

FOR: 3,294,512 (100.0%)

Largest asset managers voting on “Appointment of Auditor and Authority to Set Fees” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Global X	2,207,799	For
Prudential/PGIM	546,414	For
Charles Schwab	433,283	For
VanEck ETF Trust	93,107	For
Russell Investments	13,909	For

20. Elect Donald M. Wishart

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (3,294,512 for, 0 against).

FOR: 3,294,512 (100.0%)

Largest asset managers voting on “Elect Donald M. Wishart” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Global X	2,207,799	For
Prudential/PGIM	546,414	For
Charles Schwab	433,283	For
VanEck ETF Trust	93,107	For
Russell Investments	13,909	For

21. Elect Harold N. Kvisle

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (3,294,512 for, 0 against).

FOR: 3,294,512 (100.0%)

Largest asset managers voting on “Elect Harold N. Kvisle” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Global X	2,207,799	For
Prudential/PGIM	546,414	For
Charles Schwab	433,283	For
VanEck ETF Trust	93,107	For
Russell Investments	13,909	For

22. Say on Pay

SECTION 14A SAY-ON-PAY VOTES

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 4 asset managers below cast 100% of the shares they voted on this item FOR (1,175,762 for, 0 against).

FOR: 1,175,762 (100.0%)

Largest asset managers voting on “Say on Pay” at South Bow Corporation, 2025-2026
Asset manager	For	Vote
Recurrent Investment Advisors LLC	1,161,551	For
CHELSEA COUNSEL CO	8,630	For
Arista Wealth Management, LLC	5,240	For
Genus Capital Management Inc.	341	For

23. Director Elections

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (52 for, 0 against).

FOR: 52 (100.0%)

Largest asset managers voting on “Director Elections” at South Bow Corporation, 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
Ballew Advisors, Inc	43	0	0	0	For
Members Trust Co	9	0	0	0	For

24. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for 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.

FOR: 100.0%

Largest asset managers voting on “Election of Directors (Majority Voting)” at South Bow Corporation, 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
ESL Trust Services, LLC	100	0	0	0	For
McGowan Group Asset Management, Inc.	53	0	0	0	For

25. Ratify Appointment of Independent Auditors

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (153 for, 0 against).

FOR: 153 (100.0%)

Largest asset managers voting on “Ratify Appointment of Independent Auditors” at South Bow Corporation, 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
ESL Trust Services, LLC	100	0	0	0	For
McGowan Group Asset Management, Inc.	53	0	0	0	For

Largest South Bow Corporation shareholders voting in 2025-2026

Ranked by the number of South Bow Corporation shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 208,250,512 shares outstanding at the time of that meeting.

Top South Bow Corporation shareholders by shares voted, 2025-2026
#	Asset manager	% of shares outstanding
1	BlackRock	2.38%
2	SCOTIA CAPITAL INC.	0.88%
3	Two Roads Shared Trust	0.52%
4	PORTLAND INVESTMENT COUNSEL INC.	0.47%
5	John Hancock	0.45%
6	Ultimus Managers Trust	0.41%
7	TORTOISE CAPITAL ADVISORS, L.L.C.	0.38%
8	Tortoise Capital Series Trust	0.37%
9	Brookfield Investment Funds	0.25%
10	1832 Asset Management L.P.	0.08%

Reported South Bow Corporation ownership

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

South Bow Corporation beneficial owners on record for the 2025-2026 proxy season
Holder	% outstanding	Disclosure
FMR (Fidelity)	4.64%	13F
Vanguard Group	4.16%	13F
T. Rowe Price	2.51%	13F
Dimensional Fund Advisors	1.40%	13F
Invesco	0.73%	13F
Morgan Stanley	0.73%	13F
Goldman Sachs	0.68%	13F
Two Sigma	0.67%	13F
Geode Capital	0.42%	13F

Percentages above are of 208,250,512 shares outstanding, as reported by South Bow Corporation on its Form 40-F dated 2025-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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 South Bow Corporation’s 40-F dated 2025-12-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At South Bow Corporation's shareholder meeting held 2026-05-07, in the 2025-2026 proxy season, 273 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,918 separate fund positions. Their filings are grouped here into 25 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Accept the Company's approach to executive compensation, as set forth in the Circular. — the reporting funds cast 99.9% 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.

South Bow Corporation proxy season coverage: 2024-2025 · 2025-2026 (this page).