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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, filed May 2, 2025 (Item 5.07 on EDGAR). Page generated October 14, 2026.

  • 20Reported items
  • 515Asset managers
  • 6,902Fund votes
  • April 30, 2025Meeting date

Results at a glance

Meeting of April 30, 2025: 15 items on CANADIAN PACIFIC KANSAS CITY LTD.’s Form 8-K, filed May 2, 2025: 12 elected · 2 approved · 1 without a stated outcome.

Material dissent

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

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

Explore 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, filed May 2, 2025 (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 April 30, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
2. Advisory Vote to Approve the Approach to Say on Pay 646,115,61490,257,3050 --23,029,108 88%Not verified—
3. Advisory Vote to Approve CPKC's Approach to Say on Climate 674,973,65661,399,2660 --23,029,105 92%Approved—
4. By-Law No 410,455,002325,917,8640 --23,029,161 56%Approved—
Elect Director: The Hon. John Baird 718,286,40618,086,0680 --23,029,553 98%Elected—
Elect Director: Isabelle Courville 721,544,34014,827,6110 --23,029,106 98%Elected—
Elect Director: Keith E. Creel 735,237,0841,135,8410 --23,029,102 99.8%Elected—
Elect Director: Amb. Antonio Garza (Ret.) 728,966,1427,406,0320 --23,029,203 99%Elected—
Elect Director: Arturo Gutiérrez Hernández 716,184,27620,188,6510 --23,029,100 97%Elected—
Elect Director: The Hon. Edward Hamberger 734,981,6701,391,2550 --23,029,102 99.8%Elected—
Elect Director: Janet Kennedy 735,404,063968,8620 --23,029,102 99.8%Elected—
Elect Director: Henry Maier 729,578,6856,794,2380 --23,029,104 99.0%Elected—
Elect Director: Matthew Paull 718,298,23218,074,6950 --23,029,100 98%Elected—
Elect Director: Jane Peverett 726,342,29510,030,6260 --23,029,106 99%Elected—
Elect Director: Andrea Robertson 725,466,26310,906,6580 --23,029,106 99%Elected—
Elect Director: Gordon T. Trafton 729,391,5076,981,4180 --23,029,102 99.0%Elected—

Source: CANADIAN PACIFIC KANSAS CITY LTD., Form 8-K, filed with the SEC on May 2, 2025 — 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 515 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. Elect Director: Andrea Robertson

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 147 asset managers

Description as filed by funds: ELECTION OF DIRECTOR: ANDREA ROBERTSON

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 filed May 2, 2025 (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.

Reported outcome: Elected, in the filing’s own words: “The following directors were elected to hold office until the close of the next annual meeting of shareholders:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 147 asset managers below reported 108,602,359 for, 185,944 against.

FOR
FOR: 108,602,359AGAINST: 185,944
Largest asset managers voting on “ELECTION OF DIRECTOR: ANDREA ROBERTSON” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
Investment Managers Series Trust6,624,0670 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
JPMorgan3,309,8790 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Jackson National1,737,9740 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,338,4593,686 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
John Hancock1,205,8990 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
Calamos738,4630 00For

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

2. Elect Director: Amb. Antonio Garza (Ret.)

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 147 asset managers

Description as filed by funds: Elect Director Antonio Garza

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 filed May 2, 2025 (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.

Reported outcome: Elected, in the filing’s own words: “The following directors were elected to hold office until the close of the next annual meeting of shareholders:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 147 asset managers below reported 108,594,239 for, 194,064 against.

FOR
FOR: 108,594,239AGAINST: 194,064
Largest asset managers voting on “Elect Director Antonio Garza” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
Investment Managers Series Trust6,624,0670 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
JPMorgan3,309,8790 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Jackson National1,737,9740 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,338,4593,686 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
John Hancock1,205,8990 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
Calamos738,4630 00For

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

3. Elect Director: The Hon. Edward Hamberger

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 147 asset managers

Description as filed by funds: Elect Director Edward R. Hamberger

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 filed May 2, 2025 (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.

Reported outcome: Elected, in the filing’s own words: “The following directors were elected to hold office until the close of the next annual meeting of shareholders:”
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 147 asset managers below reported 108,788,303 for.

FOR
FOR: 108,788,303
Largest asset managers voting on “Elect Director Edward R. Hamberger” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
Investment Managers Series Trust6,624,0670 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
JPMorgan3,309,8790 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Jackson National1,737,9740 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,342,1450 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
John Hancock1,205,8990 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
Calamos738,4630 00For

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

4. Elect Director: Gordon T. Trafton

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 147 asset managers

Description as filed by funds: ELECTION OF DIRECTOR: GORDON T. TRAFTON

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 filed May 2, 2025 (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.

Reported outcome: Elected, in the filing’s own words: “The following directors were elected to hold office until the close of the next annual meeting of shareholders:”
Support: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 147 asset managers below reported 108,624,169 for, 164,134 against.

FOR
FOR: 108,624,169AGAINST: 164,134
Largest asset managers voting on “ELECTION OF DIRECTOR: GORDON T. TRAFTON” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
Investment Managers Series Trust6,624,0670 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
JPMorgan3,309,8790 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Jackson National1,737,9740 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,342,1450 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
John Hancock1,205,8990 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
Calamos738,4630 00For

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

5. Elect Director: Henry Maier

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 147 asset managers

Description as filed by funds: ELECTION OF DIRECTOR: HENRY J. MAIER

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 filed May 2, 2025 (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.

Reported outcome: Elected, in the filing’s own words: “The following directors were elected to hold office until the close of the next annual meeting of shareholders:”
Support: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 147 asset managers below reported 108,616,049 for, 172,254 against.

FOR
FOR: 108,616,049AGAINST: 172,254
Largest asset managers voting on “ELECTION OF DIRECTOR: HENRY J. MAIER” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
Investment Managers Series Trust6,624,0670 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
JPMorgan3,309,8790 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Jackson National1,737,9740 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,342,1450 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
John Hancock1,205,8990 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
Calamos738,4630 00For

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

6. Elect Director: Isabelle Courville

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 147 asset managers

Description as filed by funds: ELECTION OF DIRECTOR: ISABELLE COURVILLE

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 filed May 2, 2025 (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.

Reported outcome: Elected, in the filing’s own words: “The following directors were elected to hold office until the close of the next annual meeting of shareholders:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 147 asset managers below reported 108,788,303 for.

FOR
FOR: 108,788,303
Largest asset managers voting on “ELECTION OF DIRECTOR: ISABELLE COURVILLE” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
Investment Managers Series Trust6,624,0670 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
JPMorgan3,309,8790 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Jackson National1,737,9740 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,342,1450 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
John Hancock1,205,8990 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
Calamos738,4630 00For

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

7. Elect Director: Jane Peverett

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 147 asset managers

Description as filed by funds: ELECTION OF DIRECTOR: JANE L. PEVERETT

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 filed May 2, 2025 (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.

Reported outcome: Elected, in the filing’s own words: “The following directors were elected to hold office until the close of the next annual meeting of shareholders:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 147 asset managers below reported 108,594,239 for, 194,064 against.

FOR
FOR: 108,594,239AGAINST: 194,064
Largest asset managers voting on “ELECTION OF DIRECTOR: JANE L. PEVERETT” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
Investment Managers Series Trust6,624,0670 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
JPMorgan3,309,8790 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Jackson National1,737,9740 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,338,4593,686 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
John Hancock1,205,8990 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
Calamos738,4630 00For

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

8. Elect Director: Janet Kennedy

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 147 asset managers

Description as filed by funds: ELECTION OF DIRECTOR: JANET H. KENNEDY

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 filed May 2, 2025 (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.

Reported outcome: Elected, in the filing’s own words: “The following directors were elected to hold office until the close of the next annual meeting of shareholders:”
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 147 asset managers below reported 108,788,303 for.

FOR
FOR: 108,788,303
Largest asset managers voting on “ELECTION OF DIRECTOR: JANET H. KENNEDY” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
Investment Managers Series Trust6,624,0670 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
JPMorgan3,309,8790 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Jackson National1,737,9740 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,342,1450 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
John Hancock1,205,8990 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
Calamos738,4630 00For

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

9. Elect Director: The Hon. John Baird

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 147 asset managers

Description as filed by funds: Elect Director John Baird

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 filed May 2, 2025 (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.

Reported outcome: Elected, in the filing’s own words: “The following directors were elected to hold office until the close of the next annual meeting of shareholders:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 147 asset managers below reported 108,495,623 for, 292,680 against.

FOR
FOR: 108,495,623AGAINST: 292,680
Largest asset managers voting on “Elect Director John Baird” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
Investment Managers Series Trust6,624,0670 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
JPMorgan3,309,8790 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Jackson National1,737,9740 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,434,6186,760 00For
Northern Trust1,338,4593,686 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
John Hancock1,205,8990 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
Calamos738,4630 00For

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

10. Elect Director: Keith E. Creel

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 147 asset managers

Description as filed by funds: ELECTION OF DIRECTOR: KEITH E. CREEL

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 filed May 2, 2025 (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.

Reported outcome: Elected, in the filing’s own words: “The following directors were elected to hold office until the close of the next annual meeting of shareholders:”
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 147 asset managers below reported 108,788,303 for.

FOR
FOR: 108,788,303
Largest asset managers voting on “ELECTION OF DIRECTOR: KEITH E. CREEL” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
Investment Managers Series Trust6,624,0670 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
JPMorgan3,309,8790 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Jackson National1,737,9740 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,342,1450 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
John Hancock1,205,8990 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
Calamos738,4630 00For

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

11. Elect Director: Matthew Paull

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 147 asset managers

Description as filed by funds: ELECTION OF DIRECTOR: MATTHEW H. PAULL

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 filed May 2, 2025 (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.

Reported outcome: Elected, in the filing’s own words: “The following directors were elected to hold office until the close of the next annual meeting of shareholders:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 147 asset managers below reported 108,624,169 for, 164,134 against.

FOR
FOR: 108,624,169AGAINST: 164,134
Largest asset managers voting on “ELECTION OF DIRECTOR: MATTHEW H. PAULL” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
Investment Managers Series Trust6,624,0670 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
JPMorgan3,309,8790 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Jackson National1,737,9740 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,342,1450 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
John Hancock1,205,8990 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
Calamos738,4630 00For

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

12. Elect Director: Arturo Gutiérrez Hernández

Official resultDIRECTOR ELECTIONSReported outcome: Elected

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
Details: description as filed, official tally, votes by 142 asset managers

Description as filed by funds: ELECTION OF DIRECTOR: ARTURO GUTIERREZ HERNANDEZ

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 filed May 2, 2025 (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.

Reported outcome: Elected, in the filing’s own words: “The following directors were elected to hold office until the close of the next annual meeting of shareholders:”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 142 asset managers below reported 108,311,100 for, 8,120 against.

FOR
FOR: 108,311,100AGAINST: 8,120
Largest asset managers voting on “ELECTION OF DIRECTOR: ARTURO GUTIERREZ HERNANDEZ” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
Investment Managers Series Trust6,624,0670 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
JPMorgan3,309,8790 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Jackson National1,737,9740 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,342,1450 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
John Hancock1,205,8990 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
Calamos738,4630 00For

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

13. 4. By-Law No

Official resultSHAREHOLDER RIGHTS AND DEFENSESReported outcome: Approved

Combines 2 wordings of this item as funds reported it.

56% Approved · of votes cast

FOR 56%AGAINST
FOR: 410,455,002AGAINST: 325,917,864
Details: description as filed, official tally, votes by 52 asset managers

Description as filed by funds: Consider amendments to the Corporation's Advance Notice By-law (By-Law No. 2).

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“4. By-Law No”): 410,455,002 for, 325,917,864 against — passed, per its Form 8-K filed May 2, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “4) By-Law No. 2 The shareholders voted to approve By-Law No. 2.”
Support: 56% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 52 asset managers below reported 23,834,072 for, 2,016,258 against.

FOR
FOR: 23,834,072AGAINST: 2,016,258
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 managerForAgainst AbstainWithheldVote
Investment Managers Series Trust6,624,0670 00For
Bridge Builder Trust4,564,864204,796 00For
BlackRock3,568,226939,862 00Mixed
JPMorgan3,309,8790 00For
Jackson National1,730,0557,919 00For
John Hancock1,040,517165,382 00Mixed
Calamos738,4630 00For
BBH Trust467,7940 00For
BBR ALO Fund, LLC265,2580 00For
Six Circles Trust231,9900 00For
YCG Funds200,1150 00For
Baird0182,729 00Against
First Trust174,4100 00For
Natixis0164,134 00Against
PERMANENT PORTFOLIO FAMILY OF FUNDS157,0000 00For
Manning & Napier123,7490 00For
TIMOTHY PLAN109,6920 00For
CLEARWATER INVESTMENT TRUST96,3250 00For
Gateway Trust091,751 00Against
AMG Funds I071,165 00Against
Brookfield Investment Funds066,974 00Against
MASTER INVESTMENT PORTFOLIO66,5610 00For
PFM Multi-Manager Series Trust46,9700 00For
ADVISORS SERIES TRUST46,8100 00For
PROFESSIONALLY MANAGED PORTFOLIOS46,4880 00For

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

14. Approve Amendments to Advance Notice Requirement

No official matchSHAREHOLDER RIGHTS AND DEFENSES

46.9% of fund votes cast · no official result

FORAGAINST
Details: votes by 84 asset managers

The 84 asset managers below reported 37,284,861 for, 42,226,114 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 37,284,861AGAINST: 42,226,114
Largest asset managers voting on “Approve Amendments to Advance Notice Requirement” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity485,12414,689,489 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Allspring03,678,942 00Against
MFS03,454,587 00Against
Putnam02,539,386 00Against
Legg Mason861,2561,281,898 00Mixed
Invesco972,612736,521 00Mixed
MASSACHUSETTS INVESTORS GROWTH STOCK FUND01,643,605 00Against
Morgan Stanley1,434,6186,760 00For
Northern Trust01,342,145 00Against
Franklin Custodian Funds01,294,021 00Against
Thornburg1,293,9890 00For
State Street01,259,974 00Against
TEMPLETON GROWTH FUND INC01,116,747 00Against
AllianceBernstein0966,358 00Against
Dimensional0777,284 00Against
BNY Mellon672,16535,949 00Mixed
TIAA0655,069 00Against
Catholic Responsible Investments Funds0576,455 00Against
American Century0549,989 00Against
Lazard538,8970 00For
Virtus323,382183,663 00Mixed
Prudential/PGIM115,774328,364 00Mixed
Goldman Sachs432,1190 00For

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

15. 3. Advisory Vote to Approve CPKC's Approach to Say on Climate

Official resultENVIRONMENT OR CLIMATEReported outcome: Approved

Combines 2 wordings of this item as funds reported it.

92% Approved · of votes cast

FOR 92%
FOR: 674,973,656AGAINST: 61,399,266
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: Management Advisory Vote on Climate Change

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“3. Advisory Vote to Approve CPKC's Approach to Say on Climate”): 674,973,656 for, 61,399,266 against — passed, per its Form 8-K filed May 2, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The advisory vote on approach to climate change was approved.”
Support: 92% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 98 asset managers below reported 80,753,083 for, 2,177,738 against.

FOR
FOR: 80,753,083AGAINST: 2,177,738
Largest asset managers voting on “Management Advisory Vote on Climate Change” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,102,00172,612 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
Putnam2,539,3860 00For
Charles Schwab2,147,1580 00For
Legg Mason2,143,1540 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,434,6186,760 00For
Northern Trust1,338,4593,686 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional0777,284 00Against
BNY Mellon708,1140 00For
TIAA655,0690 00For
Catholic Responsible Investments Funds0576,455 00Against
American Century549,9890 00For
Lazard538,8970 00For
Virtus507,0450 00For
Russell Investments484,7790 00For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

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

No official matchENVIRONMENT OR CLIMATE

Combines 3 wordings of this item as funds reported it.

99% of fund votes cast · no official result

FOR
Details: votes by 53 asset managers

The 53 asset managers below reported 25,488,943 for, 378,988 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 25,488,943AGAINST: 378,988
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 managerForAgainst AbstainWithheldVote
Investment Managers Series Trust6,624,0670 00For
Bridge Builder Trust4,564,864204,796 00For
BlackRock4,508,0880 00For
JPMorgan3,309,8790 00For
Jackson National1,735,9742,000 00For
John Hancock1,189,59316,306 00For
Calamos738,4630 00For
BBH Trust467,7940 00For
BBR ALO Fund, LLC265,2580 00For
Six Circles Trust231,9900 00For
YCG Funds200,1150 00For
Baird182,7290 00For
First Trust174,4100 00For
Natixis164,1340 00For
PERMANENT PORTFOLIO FAMILY OF FUNDS157,0000 00For
Manning & Napier123,7490 00For
TIMOTHY PLAN0109,692 00Against
CLEARWATER INVESTMENT TRUST96,3250 00For
Gateway Trust91,7510 00For
AMG Funds I71,1650 00For
Brookfield Investment Funds66,9740 00For
MASTER INVESTMENT PORTFOLIO66,5610 00For
PFM Multi-Manager Series Trust46,9700 00For
ADVISORS SERIES TRUST46,8100 00For
PROFESSIONALLY MANAGED PORTFOLIOS46,4880 00For

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

17. 2. Advisory Vote to Approve the Approach to Say on Pay

Outcome not verifiedFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 12 wordings of this item as funds reported it.

88% Majority: yes · of votes cast

FOR 88%
FOR: 646,115,614AGAINST: 90,257,305
Details: description as filed, official tally, votes by 416 asset managers

Description as filed by funds: Advisory vote to approve the Corporation's approach to executive compensation as described in the Proxy Circular.

CANADIAN PACIFIC KANSAS CITY LTD.’s own tally for this item (“2. Advisory Vote to Approve the Approach to Say on Pay”): 646,115,614 for, 90,257,305 against, per its Form 8-K filed May 2, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 88% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 50 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 managerForAgainst AbstainWithheldVote
Investment Managers Series Trust6,624,0670 00For
Bridge Builder Trust4,218,479551,181 00Mixed
BlackRock4,508,0880 00For
JPMorgan3,309,8790 00For
Jackson National1,735,9742,000 00For
John Hancock1,205,8990 00For
Calamos736,1962,267 00For
BBH Trust467,7940 00For
BBR ALO Fund, LLC0265,258 00Against
Six Circles Trust231,9900 00For
YCG Funds200,1150 00For
Baird182,7290 00For
First Trust174,4100 00For
Natixis0164,134 00Against
PERMANENT PORTFOLIO FAMILY OF FUNDS157,0000 00For
Manning & Napier0123,749 00Against
TIMOTHY PLAN0109,692 00Against
CLEARWATER INVESTMENT TRUST96,3250 00For
Gateway Trust91,7510 00For
AMG Funds I71,1650 00For
Brookfield Investment Funds66,9740 00For
MASTER INVESTMENT PORTFOLIO66,5610 00For
PFM Multi-Manager Series Trust46,9700 00For
ADVISORS SERIES TRUST46,73278 00For
PROFESSIONALLY MANAGED PORTFOLIOS46,4880 00For

Fund voting reports, all 50 managers: 24,564,238 for, 1,286,092 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 363 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 managerForAgainst AbstainWithheldVote
BlackRock32,009,406107,414 00For
1832 Asset Management L.P.14,968,4750 00For
Pershing Square14,799,7960 00For
WCM INVESTMENT MANAGEMENT, LLC12,091,592334,762 00For
Fiera Capital Corp5,348,4960 00For
SCOTIA CAPITAL INC.5,075,2900 00For
Northern Trust3,154,9100 00For
Meritage Group LP2,973,5060 00For
RIVULET CAPITAL, LLC1,356,4500 00For
Cardinal Capital Management, Inc.1,284,3910 00For
ENVESTNET ASSET MANAGEMENT INC01,102,369 00Against
BRISTOL JOHN W & CO INC /NY/1,027,2040 00For
Maren Capital LLC0854,551 00Against
M.D. Sass, LLC843,5950 00For
BAILLIE GIFFORD OVERSEAS LTD0772,727 00Against
LOCUST WOOD CAPITAL ADVISERS, LLC759,9550 00For
Natixis0641,098 00Against
Corient Private Wealth LLC627,5371,162 00For
Value Partners Investments Inc.518,5710 00For
DAVIDSON KEMPNER CAPITAL MANAGEMENT LP486,8770 00For
Bowie Capital Management, LLC405,0420 00For
BANK OF NOVA SCOTIA370,0000 00For
Cumberland Partners Ltd353,2440 00For
PNC BANK, NATIONAL ASSOCIATION0323,278 00Against
Minneapolis Portfolio Management Group, LLC311,4180 00For

Institutional-manager reports, all 363 managers: 104,043,921 for, 6,898,602 against, 9,754 abstained, 1,370 not voted. Showing the 25 largest; see all in the interactive database.

18. Advisory Vote on Executive Compensation Approach

96% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 95 asset managers

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

Fund voting reports: 84 asset managers voting on “Advisory Vote on Executive Compensation Approach” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
Putnam2,539,3860 00For
Legg Mason2,143,1540 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,342,1450 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional0777,284 00Against
BNY Mellon35,949672,165 00Mixed
TIAA655,0690 00For
Catholic Responsible Investments Funds576,4550 00For
American Century549,9890 00For
Lazard538,8970 00For
Virtus507,0450 00For
Prudential/PGIM444,1380 00For
Goldman Sachs432,1190 00For

Fund voting reports, all 84 managers: 77,908,533 for, 1,602,442 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 11 asset managers voting on “Advisory Vote on Executive Compensation Approach” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
JPMorgan4,578,9040 00For
NAYA CAPITAL MANAGEMENT UK LTD2,841,1240 1,347,1780Mixed
Desjardins Global Asset Management Inc.3,074,7540 00For
APG Asset Management US Inc.02,220,531 00Against
Dixon Mitchell Investment Counsel Inc.264,4110 00For
NORDEA INVESTMENT MANAGEMENT AB0201,734 00Against
CIDEL ASSET MANAGEMENT INC150,8800 00For
Stenham Asset Management Ltd111,2000 00For
MONTRUSCO BOLTON INVESTMENTS INC.27,6410 00For
Resolution Capital Ltd7,5700 00For
BlackRock9660 00For

Institutional-manager reports, all 11 managers: 11,057,450 for, 2,422,265 against, 1,347,178 abstained.

19. Ratify Ernst & Young LLP as Auditors

No official matchAUDIT-RELATED

99.2% of fund votes cast · no official result

FOR
Details: votes by 84 asset managers

The 84 asset managers below reported 78,934,520 for, 576,455 withheld. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,934,520WITHHOLD: 576,455
Largest asset managers voting on “Ratify Ernst & Young LLP as Auditors” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,914,6940 00For
Fidelity15,174,6130 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST4,935,1770 00For
Allspring3,678,9420 00For
MFS3,454,5870 00For
Putnam2,539,3860 00For
Legg Mason2,143,1540 00For
Invesco1,709,1330 00For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND1,643,6050 00For
Morgan Stanley1,441,3780 00For
Northern Trust1,342,1450 00For
Franklin Custodian Funds1,294,0210 00For
Thornburg1,293,9890 00For
State Street1,259,9740 00For
TEMPLETON GROWTH FUND INC1,116,7470 00For
AllianceBernstein966,3580 00For
Dimensional777,2840 00For
BNY Mellon708,1140 00For
TIAA655,0690 00For
Catholic Responsible Investments Funds00 0576,455Withhold
American Century549,9890 00For
Lazard538,8970 00For
Virtus507,0450 00For
Prudential/PGIM444,1380 00For
Goldman Sachs432,1190 00For

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

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

No official matchAUDIT-RELATED

Combines 3 wordings of this item as funds reported it.

99.3% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 25,686,196 for, 164,134 withheld. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 25,686,196WITHHOLD: 164,134
Largest asset managers voting on “Appointment of the Auditor as named in the Proxy Circular.” at CANADIAN PACIFIC KANSAS CITY LTD., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust6,624,0670 00For
Bridge Builder Trust4,769,6600 00For
BlackRock4,508,0880 00For
JPMorgan3,309,8790 00For
Jackson National1,737,9740 00For
John Hancock1,205,8990 00For
Calamos738,4630 00For
BBH Trust467,7940 00For
BBR ALO Fund, LLC265,2580 00For
Six Circles Trust231,9900 00For
YCG Funds200,1150 00For
Baird182,7290 00For
First Trust174,4100 00For
Natixis00 0164,134Withhold
PERMANENT PORTFOLIO FAMILY OF FUNDS157,0000 00For
Manning & Napier123,7490 00For
TIMOTHY PLAN109,6920 00For
CLEARWATER INVESTMENT TRUST96,3250 00For
Gateway Trust91,7510 00For
AMG Funds I71,1650 00For
Brookfield Investment Funds66,9740 00For
MASTER INVESTMENT PORTFOLIO66,5610 00For
PFM Multi-Manager Series Trust46,9700 00For
ADVISORS SERIES TRUST46,8100 00For
PROFESSIONALLY MANAGED PORTFOLIOS46,4880 00For

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

Not shown here: this season’s fund filings also report 1 item from the meeting of April 24, 2024, which belongs to the 2023-2024 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

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

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 933,500,000 shares outstanding at the time of that meeting.

Fund voting reports: top CANADIAN PACIFIC KANSAS CITY LTD. shareholders by shares voted on “ELECTION OF DIRECTOR: ANDREA ROBERTSON”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 2.56%
2Fidelity 1.63%
3Investment Managers Series Trust 0.71%
4CAUSEWAY CAPITAL MANAGEMENT TRUST 0.53%
5Bridge Builder Trust 0.51%
6BlackRock 0.48%
7Allspring 0.39%
8MFS 0.37%
9JPMorgan 0.35%
10Putnam 0.27%
Institutional-manager reports: top CANADIAN PACIFIC KANSAS CITY LTD. shareholders by shares voted on “Advisory vote to approve the Corporation's approach to executive compensation as described in…”, 2024-2025
#Asset manager % of shares outstanding
1BlackRock 3.44%
21832 Asset Management L.P. 1.60%
3Pershing Square 1.59%
4WCM INVESTMENT MANAGEMENT, LLC 1.33%
5Fiera Capital Corp 0.57%
6SCOTIA CAPITAL INC. 0.54%
7Northern Trust 0.34%
8Meritage Group LP 0.32%
9RIVULET CAPITAL, LLC 0.15%
10Cardinal Capital Management, Inc. 0.14%

Reported CANADIAN PACIFIC KANSAS CITY LTD. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

CANADIAN PACIFIC KANSAS CITY LTD. holdings and ownership disclosed 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 December 31, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from CANADIAN PACIFIC KANSAS CITY LTD.’s 10-K dated December 31, 2024. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At CANADIAN PACIFIC KANSAS CITY LTD.'s shareholder meeting held April 30, 2025, in the 2024-2025 proxy season, 515 asset managers reported how they voted in their SEC Form N-PX filings, covering 6,902 separate fund positions. Their filings are grouped here into 20 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Advisory vote to approve the Corporation's approach to executive compensation as described in… — FOR was 88% of the votes cast (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), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: CANADIAN PACIFIC KANSAS CITY LTD.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 2, 2025.

CANADIAN PACIFIC KANSAS CITY LTD. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

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