In June of 1999 Canadian National Railway Company completed an issue of U. S. $230 million of 5.25% convertible preferred securities due 2029 and 4,600,000 common shares for proceeds of approximately Cdn. $420 million. CN retained Jean-Marc Huot and Christine Desaulniers of Stikeman Elliott (Montreal) on the transaction. Lead underwriters Goldman Sachs & Co. and Nesbitt Burns Inc. tapped Jeffery Barnes, Leslie Johnson and Greg Hogan of Fraser Milner (Toronto).
