RE:RE:CN RailA little research goes a long ways. Suprised peole own a stock and have not even looked at the comany website.
According to its website, Freehold “receives a significant portion of its revenue from the mineral rights of certain properties acquired from Canpar Holdings [a private royalty company owned by CN Pension Fund]: properties that were originally granted by the King of England to the Hudson’s Bay Company in 1670, during the settlement of Canada.”
rustyblades wrote: I believe the about 20% ownerdhip is by CN Pension Trust Funds (pension funds for the employees of CN Rail) and not by CN Rail.
rico91 wrote: I was just reading on BNN about a new IPO called Source Rock Royalties and I was surprised to see that they mentioned that CN Rail owns 19.9% of Freehold shares!
I did not know this but am very pleased that we have such a strong company as a major shareholder.
FYI
Rico