# EDGAR Filing Document

**Accession Number:** 0001647251
**File Stem:** 0001647251-25-000012
**Filing Date:** 2025-8
**Character Count:** 4862
**Document Hash:** c8b6771369f087f82a69b17a3846c18e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001647251-25-000012.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001647251-25-000012

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TCI Fund Management Ltd
- **CENTRAL INDEX KEY:** 0001647251

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16990
- **FILM NUMBER:** 251278458

**BUSINESS ADDRESS:**
- **STREET 1:** 7 CLIFFORD STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1S2FT
- **BUSINESS PHONE:** 02074402330

**MAIL ADDRESS:**
- **STREET 1:** 7 CLIFFORD STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1S2FT

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

## N-PX: Filer Information

**Filer CIK:** 0001647251

**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:** TCI Fund Management Ltd

**Address:** 7 Clifford Street, London, X0 W1S 2FT

**Telephone number:** 0044 207 440 2330

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-16990

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Microsoft Corporation | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                  | SECTION 14A SAY-ON-PAY VOTES |    1.19906e+07 |                0 | FOR         |                              1.19906e+07 | FOR                         |  |
| Visa Inc.             | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                           | SECTION 14A SAY-ON-PAY VOTES |    1.67972e+07 |                0 | FOR         |                              1.67972e+07 | FOR                         |  |
| Moody's Corporation   | 615369105 | 04/15/2025     | Advisory resolution approving executive compensation.                                                                                              | SECTION 14A SAY-ON-PAY VOTES |    1.32468e+07 |                0 | FOR         |                              1.32468e+07 | FOR                         |  |
| GE Aerospace          | 369604301 | 05/06/2025     | Advisory Approval of Our Named Executives' Compensation                                                                                            | SECTION 14A SAY-ON-PAY VOTES |    4.72193e+07 |                0 | FOR         |                              4.72193e+07 | FOR                         |  |
| S Global Inc.         | 78409V104 | 05/07/2025     | Approve, on an advisory basis, the executive compensation program for the Company's named executive officers, as described in the Proxy Statement; | SECTION 14A SAY-ON-PAY VOTES |    1.03613e+07 |                0 | FOR         |                              1.03613e+07 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** TCI Fund Management Ltd

**By (Signature):** Angus Milne

**By (Printed Signature):** Angus Milne

**By (Title):** Head of Compliance

**Date:** 08/29/2025