EX-99.1 2 tm2216989d1_ex99-1.htm EXHIBIT 99.1

 

EXHIBIT 99.1

 

The table below specifies the date of the transaction, number of shares, weighted-average price per share and range of price per share of the common shares of Canadian National Railway Company (the “Issuer”) sold by each of Cascade Investment, L.L.C. (“Cascade”) and Bill & Melinda Gates Foundation Trust (the “Trust”) during the period from May 13, 2022, to May 25, 2022. The Issuer’s common shares are listed on the New York Stock Exchange, priced in U.S. dollars (“USD”), and on the Toronto Stock Exchange, priced in Canadian dollars (“CAD”). All transactions were effected in the market through brokers. Each of Cascade and the Trust undertakes to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the table below.

 

    Number of Shares Sold   Weighted Average   Range of Price per Share 
Date of Transaction   Cascade   Trust   Price per Share   Low   High 
May 13, 2022    332,764    63,420   CAD 143.1852   CAD 142.7849   CAD 143.7836 
May 13, 2022    540,071    102,930   CAD 144.2718   CAD 143.7900   CAD 144.7843 
May 13, 2022    16,158    3,080   CAD 144.9162   CAD 144.7900   CAD 145.2967 
May 16, 2022    22,310    4,252   CAD 143.4414   CAD 142.6246   CAD 143.6235 
May 16, 2022    397,005    75,664   CAD 144.2608   CAD 143.6246   CAD 144.6236 
May 16, 2022    517,734    98,673   CAD 144.8584   CAD 144.6252   CAD 145.6073 
May 16, 2022    9,987    1,903   CAD 145.6905   CAD 145.6300   CAD 145.8200 
May 17, 2022    737,473    140,552   CAD 147.6876   CAD 147.1079   CAD 148.1068 
May 17, 2022    198,165    37,767   CAD 148.3115   CAD 148.1091   CAD 148.6400 
May 17, 2022    20,158    3,842   CAD 149.4217   CAD 149.2500   CAD 149.4500 
May 18, 2022    195,862    37,328   CAD 145.0142   CAD 144.5797   CAD 145.5795 
May 18, 2022    58,785    11,204   CAD 145.8287   CAD 145.5800   CAD 146.5600 
May 18, 2022    217,596    41,471   CAD 147.3726   CAD 146.5800   CAD 147.5740 
May 18, 2022    427,421    81,460   CAD 148.2062   CAD 147.5800   CAD 148.5600 
May 18, 2022    84    16   CAD 148.6600   CAD 148.6600   CAD 148.6600 
May 19, 2022    146,764    27,971   CAD 141.6440   CAD 140.8000   CAD 141.7996 
May 19, 2022    586,237    111,729   CAD 142.1735   CAD 141.8000   CAD 142.7968 
May 19, 2022    121,728    23,200   CAD 143.1156   CAD 142.8000   CAD 143.5900 
May 20, 2022    354,727    67,606   CAD 142.7180   CAD 142.0716   CAD 143.0711 
May 20, 2022    325,835    62,100   CAD 143.3433   CAD 143.0716   CAD 143.6200 
May 23, 2022    100,615    19,176   USD 112.9304   USD 112.1900   USD 113.1800 
May 23, 2022    150,232    28,632   USD 113.4750   USD 113.1900   USD 113.9900 
May 24, 2022    305,376    58,201   CAD 141.4112   CAD 140.9800   CAD 141.9748 
May 24, 2022    61,244    11,672   CAD 142.3733   CAD 141.9800   CAD 142.9468 
May 24, 2022    12,347    2,353   CAD 143.2152   CAD 142.9900   CAD 143.7900 
May 25, 2022    136,753    26,063   CAD 140.2799   CAD 139.6547   CAD 140.6516 
May 25, 2022    466,029    88,818   CAD 141.1289   CAD 140.6600   CAD 141.6453 
May 25, 2022    336    64   CAD 141.7150   CAD 141.6700   CAD 141.7500 
May 25, 2022    125,395    23,898   USD 109.9465   USD 109.7300   USD 110.3000 

 

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