CP files debt and equity shelf prospectuses on Form S-3 with SEC

Mar 01, 2016, 16:08 ET from Canadian Pacific

CALGARY, March 1, 2016 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) announced today that it has filed a debt and an equity shelf prospectus on Form S-3 with the United States Securities and Exchange Commission (SEC) and an equity shelf prospectus with the securities commissions in each of the provinces and territories of Canada.

These filings were completed after the filing by CP of its annual report on Form 10-K. The Form S-3 shelf prospectuses replace CP's previous shelf prospectuses, which are no longer available due to CP having lost its status as a "foreign private issuer" with the SEC.

As was the case under CP's previous equity shelf prospectus, the equity shelf prospectus permits sales by Pershing Square Capital Management ("Pershing Square") of Common Shares of CP under prospectus supplements. Pershing Square has not advised the Corporation of any intention to sell any Common Shares of CP. All of Pershing Square's investment decisions are made at the sole discretion of Pershing Square.

This news release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities, in any jurisdiction. All sales will be made through registered securities dealers in jurisdictions where the offering has been qualified for distribution. A copy of the written prospectuses included in the Form S-3 registration statement can be obtained from CP at 7550 Ogden Dale Road S.E., Calgary, Alberta, Canada, T2C 4X9.

About Canadian Pacific Canadian Pacific (TSX:CP)(NYSE: CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific.

SOURCE Canadian Pacific