CANADIAN NATL RY CO

Ticker: CNI CUSIP: 136375102 Class: COM

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016

Shares 28,000 Value ($000) $1,887 Avg Close $55.82 Range $52.13 - $59.37

Q3 2016

Shares 28,000 Value ($000) $1,831 Avg Close $53.16 Range $48.95 - $55.52

Q2 2016

Shares 28,000 Value ($000) $1,654 Avg Close $50.56 Range $46.86 - $55.41

Q1 2016

Shares 28,000 Value ($000) $1,749 Avg Close $46.73 Range $38.50 - $53.06

Q4 2015

Shares 28,000 Value ($000) $1,565 Avg Close $48.56 Range $43.72 - $52.03

Q3 2015

Shares 28,000 Value ($000) $1,589 Avg Close $48.13 Range $42.94 - $52.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	28,000	$1,887	$55.82	$52.13 - $59.37
Q3 2016	28,000	$1,831	$53.16	$48.95 - $55.52
Q2 2016	28,000	$1,654	$50.56	$46.86 - $55.41
Q1 2016	28,000	$1,749	$46.73	$38.50 - $53.06
Q4 2015	28,000	$1,565	$48.56	$43.72 - $52.03
Q3 2015	28,000	$1,589	$48.13	$42.94 - $52.29