Canadian National Railway Company announces an Equity Buyback for 32,000,000 shares, representing 4.77% for CAD 4,000 million.

Canadian National Railway Company (TSX:CNR) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 32,000,000 shares representing 4.77% of the issued and outstanding share capital, within a range of CAD 4,000 million. The repurchased shares will be cancelled.

The purpose of the program is appropriate and beneficial use of the Company's funds. The bid is valid till January 31, 2024. As of January 18, 2023, the company had 671,253,977 issued and outstanding shares.