What is this?

HISWAI shows you what’s connected to topics that interest you, and where to find more. HISWAI members can curate information with dashboards to gain insights, proper context and stay up to date on the latest relevant information. Sharing these discoveries with others is easy too!


Want to know more?

Melinda Gates now among largest CN shareholders after marital split stock transfer

< Go Back

Date: 2021-05-05 23:48:45

Tags for this article:

Article Text:

Article content

As Bill and Melinda Gates prepare to go their separate ways, the billionaire founder of Microsoft Corp. has transferred more than 14 million shares of Canadian National Railway Co. to his wife of 27 years, putting her among CN’s top 10 shareholders.

The two per cent stake in the company was worth more than $1.8 billion on Wednesday afternoon, based on CN’s share price of $134.95.

We apologize, but this video has failed to load.
Try refreshing your browser, or
tap here to see other videos from our team.
Melinda Gates now among largest CN shareholders after marital split stock transfer Back to video

Bill Gates, who has been accumulating shares in CN since at least 2006 through his private investment vehicle Cascade, was already the largest single shareholder of the railway company, and he continues to hold a 12.3 per cent stake following the May 3 transfer of 14,086,339 common shares to Melinda in what regulatory filings described as “a private transaction, for no consideration.”

Gates and his soon-to-be ex-wife are the beneficial owners of an additional 13,907,283 shares of CN, about two per cent of the company, which is held by the Bill & Melinda Foundation Trust. They are listed as co-trustees of the foundation.

Original Source: https://financialpost.com/news/melinda-gates-now-among-largest-cn-shareholders-after-marital-split-stock-transfer