RETRANSMISSION -- CN Issues Letter to Shareholders
November 02 2021 - 10:56AM
CN (TSX: CNR, NYSE: CNI) today issued a letter to CN shareholders
in connection with its upcoming Special Meeting of Shareholders
(the “
Special Meeting”) on March
22, 2022, and in response to recent materials filed by CIFF Capital
and TCI (collectively “
TCI”). A copy of the letter
can be accessed from the CN website by clicking here.
CN’s Board and management team continue to act
in the best interests of the Company’s shareholders, customers and
all other stakeholders. Meanwhile, TCI, Canadian Pacific’s (“CP”)
largest shareholder, has made misleading claims which are
disruptive to CN’s sustainable value creation efforts. CN’s letter
provides important context to help CN shareholders better assess
CN’s strategy and TCI’s misguided and misleading campaign.
About CNCN is a world-class
transportation leader and trade-enabler. Essential to the economy,
to the customers, and to the communities it serves, CN safely
transports more than 300 million tons of natural resources,
manufactured products, and finished goods throughout North America
every year. As the only railroad connecting Canada’s Eastern and
Western coasts with the U.S. South through a 19,500-mile rail
network, CN, and its affiliates have been contributing to community
prosperity and sustainable trade since 1919. CN is committed to
programs supporting social responsibility and environmental
stewardship.
Forward-Looking
StatementsCertain statements included in this news release
constitute “forward-looking statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
under Canadian securities laws. By their nature, forward-looking
statements involve risks, uncertainties and assumptions. CN
cautions that its assumptions may not materialize and that current
economic conditions render such assumptions, although reasonable at
the time they were made, subject to greater uncertainty.
Forward-looking statements may be identified by the use of
terminology such as “believes,” “expects,” “anticipates,”
“assumes,” “outlook,” “plans,” “targets,” or other similar
words.
Forward-looking statements are not guarantees of
future performance and involve risks, uncertainties and other
factors which may cause actual results, performance or achievements
of CN, to be materially different from the outlook or any future
results, performance or achievements implied by such statements.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements. Important risk factors that could
affect the forward-looking statements in this news release include,
but are not limited to, uncertainties related to the Special
Meeting. Reference should also be made to Management’s Discussion
and Analysis in CN’s annual and interim reports, Annual Information
Form and Form 40-F, filed with Canadian and U.S. securities
regulators and available on CN’s website, for a description of
major risk factors relating to CN.
Forward-looking statements reflect information
as of the date on which they are made. CN assumes no obligation to
update or revise forward-looking statements to reflect future
events, changes in circumstances, or changes in beliefs, unless
required by applicable securities laws. In the event CN does update
any forward-looking statement, no inference should be made that CN
will make additional updates with respect to that statement,
related matters, or any other forward- looking statement.
Contacts:
Media Canada Mathieu Gaudreault
CN Media Relations & Public Affairs (514) 249-4735
Mathieu.Gaudreault@cn.ca Longview Communications & Public
Affairs Martin Cej (403)
512-5730mcej@longviewcomms.caUnited States
Brunswick Group Jonathan Doorley / Rebecca Kral (917) 459-0419 /
(917)
818-9002jdoorley@brunswickgroup.comrkral@brunswickgroup.com |
Investment Community Paul Butcher Vice-President
Investor Relations (514) 399-0052 investor.relations@cn.ca |
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