Pershing Square Holdings, Ltd. ('PSH') Notes the Transaction Announced Today by Howard Hughes Holdings ('HHH') and PSH's Investment Manager
PSH Fee Reduction
In connection with the acquisition, HHH has entered into a Services Agreement with the Investment Manager, pursuant to which the Investment Manager will provide investment, advisory, and other ancillary services to HHH, and HHH will pay the Investment Manager a quarterly fee further described in the joint press release. In connection with the foregoing, the Investment Manager will reduce the management fees paid by PSH by an amount equal to the fees paid by HHH to the Investment Manager that are attributable to the HHH common stock held by PSH.
This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any securities.
About Pershing Square Holdings, Ltd.
Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed‐ended fund that makes concentrated investments principally in North American domiciled companies.
Category: (PSH:Other)
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