Freehold Royalties Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:FRU Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
01 Mar 24	BuyCA$43,049	Susan Nagy	Individual	3,115	CA$13.82
03 Jan 24	BuyCA$27,760	Gary Bugeaud	Individual	2,000	CA$13.88
20 Dec 23	BuyCA$126,048	David Spyker	Individual	9,000	CA$14.01
12 Dec 23	BuyCA$55,142	Sylvia Barnes	Individual	4,300	CA$12.82
21 Aug 23	BuyCA$2,853	Valerie Mitchell	Individual	200	CA$14.26
17 Aug 23	BuyCA$8,576	Valerie Mitchell	Individual	600	CA$14.36
15 Aug 23	BuyCA$4,318	Valerie Mitchell	Individual	300	CA$14.39
04 Aug 23	BuyCA$10,879	Valerie Mitchell	Individual	780	CA$14.01
09 Jun 23	BuyCA$40,500	Lisa Farstad	Individual	3,000	CA$13.50
15 May 23	BuyCA$38,620	Lisa Farstad	Individual	2,695	CA$14.33
12 May 23	BuyCA$155,684	David Spyker	Individual	11,000	CA$14.15
12 May 23	BuyCA$141,780	David Hendry	Individual	10,000	CA$14.18
12 May 23	BuyCA$248,675	Robert King	Individual	17,500	CA$14.21
12 May 23	BuyCA$35,425	Susan Nagy	Individual	2,500	CA$14.17
12 May 23	BuyCA$59,713	Ian Hantke	Individual	4,200	CA$14.22

Insider Buying: FRU insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top 25 shareholders own 27.7% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
12.4%	Canadian National Railway Company, Pension Arm	18,626,307	CA$269.5m	0%	100.0%
4.3%	Rife Resources Ltd.	6,478,157	CA$93.7m	0%	no data
1.57%	BlackRock, Inc.	2,364,499	CA$34.2m	-2.49%	no data
1.56%	FMR LLC	2,356,560	CA$34.1m	11.2%	no data
1.28%	Dimensional Fund Advisors LP	1,924,295	CA$27.8m	-2.36%	no data
0.98%	Picton Mahoney Asset Management	1,469,374	CA$21.3m	-11.3%	0.52%
0.8%	Industrielle Alliance, Gestion de placements inc.	1,198,505	CA$17.3m	0%	0.19%
0.79%	Scotia Asset Management L.P.	1,197,150	CA$17.3m	7.5%	0.02%
0.54%	QV Investors Inc.	817,948	CA$11.8m	0%	0.34%
0.53%	Ninepoint Partners LP	800,000	CA$11.6m	0%	0.75%
0.45%	TD Asset Management, Inc.	677,412	CA$9.8m	12.9%	0.01%
0.4%	American Century Investment Management Inc	595,526	CA$8.6m	-1.53%	no data
0.34%	Manulife Asset Management	511,720	CA$7.4m	2.53%	no data
0.21%	BMO Asset Management Corp.	318,426	CA$4.6m	-0.51%	no data
0.21%	Franklin Resources, Inc.	318,082	CA$4.6m	-3.54%	no data
0.2%	Arrow Capital Management Inc.	300,000	CA$4.3m	-32.1%	1.24%
0.18%	Guardian Capital LP	275,733	CA$4.0m	-8.82%	0.06%
0.18%	CIBC Asset Management Inc.	275,593	CA$4.0m	55%	0.01%
0.14%	ATB Investment Management Inc.	218,400	CA$3.2m	-31.6%	0.04%
0.13%	Middlefield Capital Corporation	190,000	CA$2.7m	-5%	0.16%
0.12%	Marvin Romanow	180,256	CA$2.6m	0%	no data
0.11%	RBC Global Asset Management Inc.	170,961	CA$2.5m	117%	no data
0.11%	CI Global Asset Management	161,662	CA$2.3m	0.25%	no data
0.11%	David Spyker	160,000	CA$2.3m	5.96%	no data
0.1%	Cumberland Partners Limited	150,500	CA$2.2m	0%	0.11%