CN Pension Trust Fund Acquires More Units of Freehold Royalty Trust.Business Editors MONTREAL--(BUSINESS WIRE)--Jan. 14, 2000 (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CNR.) (NYSE NYSE See: New York Stock Exchange :CNI) Canadian National Railway Company Canadian National Railway Company (NYSE: CNI, TSX: CNR) is a Canadian rail transportation company that operates the Canadian National Railway. It was created in December, 1918 as a Crown corporation of the Government of Canada to nationalize several bankrupt rail systems , administrator of the CN Pension Trust Fund (the "Fund"), announced today that the Fund acquired 631,800 units of Freehold Royalty Trust ("Freehold") between Dec. 18, 1998, and Jan. 13, 2000, through the facilities of the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and Montreal Exchange. The Fund now holds 7,127,800 units representing 26.7 per cent of the outstanding units of Freehold. The purchases were made for investment purposes. Rife Resources Management Ltd. ("Rife"), a subsidiary of the Fund and the manager of Freehold, has, pursuant to a management agreement, acquired a total of 248,000 units of Freehold. Rife has the right to receive, as a quarterly management fee, an additional 152,000 units over the next 26 months and holds options to acquire one million Freehold units at $10 per unit. Canadian National Railway Company spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America. |
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