# EDGAR Filing Document

**Accession Number:** 0001426318
**File Stem:** 0001426318-25-000005
**Filing Date:** 2025-8
**Character Count:** 14891
**Document Hash:** e3ae34c5693b08be9bfffb6d330320ae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001426318-25-000005.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001426318-25-000005

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**EFFECTIVENESS DATE**: 20250825

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PCJ Investment Counsel Ltd.
- **CENTRAL INDEX KEY:** 0001426318

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12690
- **FILM NUMBER:** 251250102

**BUSINESS ADDRESS:**
- **STREET 1:** 130 KING STREET WEST
- **STREET 2:** SUITE 1400
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5X 1C8
- **BUSINESS PHONE:** 416-862-2020

**MAIL ADDRESS:**
- **STREET 1:** 130 KING STREET WEST
- **STREET 2:** SUITE 1400
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5X 1C8

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001426318

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** PCJ Investment Counsel Ltd.

**Address:** 1400 - 130 KING STREET WEST, Toronto, A6 M5X 1C8

**Telephone number:** 416-862-2020

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-12690

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                            | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                                                                                                            | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Parker-Hannifin Corporation               | 701094104 | 10/23/2024     | Approval of, on a non-binding, advisory basis, the compensation of our Named Executive Officers.                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           5000 |                0 | FOR         |                                     5000 | FOR                         |  |
| Primo Water Corporation                   | 741623102 | 11/04/2024     | Non-binding advisory resolution to approve, on an advisory basis, the payment of certain compensation to certain of Primo Water's executive officers that will or may become payable by Primo Water to such executive officers in connection with the consummation of the Transaction.                                      | SECTION 14A SAY-ON-PAY VOTES |           6830 |                0 | FOR         |                                     6830 | FOR                         |  |
| Microsoft Corporation                     | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           5220 |                0 | FOR         |                                     5220 | FOR                         |  |
| Berry Global Group, Inc.                  | 08579W103 | 02/05/2025     | To approve, on an advisory, non-binding basis, our executive compensation.                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          58000 |                0 | FOR         |                                    58000 | FOR                         |  |
| Berry Global Group, Inc.                  | 08579W103 | 02/05/2025     | To vote, on an advisory, non-binding basis, on whether the advisory, non-binding vote on executive compensation should occur every one, two or three years.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          58000 |                0 | ONE YEAR    |                                    58000 | FOR                         |  |
| Berry Global Group, Inc.                  | 08579W103 | 02/25/2025     | Proposal to approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to Berry's named executive officers that is based on or otherwise relates to the transactions contemplated by the Merger Agreement, which proposal is referred to as the "Berry Advisory Compensation Proposal." | SECTION 14A SAY-ON-PAY VOTES |          26660 |                0 | AGAINST     |                                    26660 | AGAINST                     |  |
| J.B. Hunt Transport Services, Inc.        | 445658107 | 04/24/2025     | To consider and approve an advisory resolution regarding the Company's compensation of its named executive officers.                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           2860 |                0 | FOR         |                                     2860 | FOR                         |  |
| Wells Fargo  Company                      | 949746101 | 04/29/2025     | Advisory vote to approve executive compensation (Say on Pay).                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          25850 |                0 | FOR         |                                    25850 | FOR                         |  |
| Carvana Co.                               | 146869102 | 05/05/2025     | To consider the approval, by an advisory vote, of the compensation of our named executive officers as disclosed in the Proxy Statement ("say-on-pay");                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          17210 |                0 | FOR         |                                    17210 | FOR                         |  |
| Carvana Co.                               | 146869102 | 05/05/2025     | To recommend, by an advisory vote, the frequency of future advisory votes on the compensation of our named executive officers ("say-on-pay frequency");                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          17210 |                0 | ONE YEAR    |                                    17210 | FOR                         |  |
| RB Global, Inc.                           | 74935Q107 | 05/05/2025     | Approval, on an advisory basis, of a non-binding resolution on the compensation of the Company's named executive officers as described in the accompanying proxy statement.                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         128537 |                0 | FOR         |                                   128537 | FOR                         |  |
| GE Aerospace                              | 369604301 | 05/06/2025     | Advisory Approval of Our Named Executives' Compensation                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           5000 |                0 | AGAINST     |                                     5000 | AGAINST                     |  |
| CRH Plc                                   | G25508105 | 05/08/2025     | Consideration of Named Executive Officer Compensation for 2024 ("Say-on-Pay")                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          58970 |                0 | FOR         |                                    58970 | FOR                         |  |
| CRH Plc                                   | G25508105 | 05/08/2025     | Consideration of Frequency of Future "Say-on-Pay" Votes                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          58970 |                0 | ONE YEAR    |                                    58970 | FOR                         |  |
| United Rentals, Inc.                      | 911363109 | 05/08/2025     | Advisory Approval of Executive Compensation                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           3306 |                0 | FOR         |                                     3306 | FOR                         |  |
| Knight-Swift Transportation Holdings Inc. | 499049104 | 05/13/2025     | Conduct an advisory, non-binding vote to approve named executive officer compensation.                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           6168 |                0 | FOR         |                                     6168 | FOR                         |  |
| Covenant Logistics Group, Inc.            | 22284P105 | 05/14/2025     | To consider and act upon an advisory and non-binding vote on executive compensation;                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          86000 |                0 | FOR         |                                    86000 | FOR                         |  |
| XPO, Inc.                                 | 983793100 | 05/15/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          10500 |                0 | FOR         |                                    10500 | FOR                         |  |
| Waste Connections, Inc.                   | 94106B101 | 05/16/2025     | Say-on-Pay - Approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's Proxy Statement.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          13210 |                0 | FOR         |                                    13210 | FOR                         |  |
| The Charles Schwab Corporation            | 808513105 | 05/22/2025     | Advisory approval of named executive officer compensation                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          15000 |                0 | FOR         |                                    15000 | FOR                         |  |
| Restaurant Brands International Inc.      | 76131D103 | 06/03/2025     | Say-On-Pay  Approval, on a non-binding advisory basis, of the compensation paid to named executive officers.                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           1800 |                0 | FOR         |                                     1800 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** PCJ Investment Counsel Ltd.

**By (Signature):** Heiki Altosaar

**By (Printed Signature):** Heiki Altosaar

**By (Title):** Chief Compliance Officer

**Date:** 08/25/2025