FRA Certification Helpline: (216) 694-0240

(Source: Canadian Pacific Railway press release, December 13, 2016)

CALGARY, Alberta — The Board of Directors of Canadian Pacific Railway Limited today declared a quarterly dividend of $0.50 per share on the outstanding Common Shares.

The dividend is payable on January 30, 2017 to holders of record at the close of business on December 30, 2016 and is an “eligible” dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.