Latest news with #PSH
Business Insider
2 days ago
- Business
- Business Insider
New ETF Will Track Bill Ackman's Investments
A new exchange-traded fund (ETF) will track the investments of hedge fund manager Bill Ackman. Confident Investing Starts Here: Ackman runs the Pershing Square (PSH) hedge fund and has a strong and loyal following among individual retail investors. He currently has 1.7 million followers on social media platform X. This year, Ackman is off to a strong start thanks to a winning investment he made in mortgage concern the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae. Now, asset manager Tidal Trust has filed to launch an ETF that will be based on the concentrated portfolio of Ackman. Called the 'Vista Shares Pershing Square Select ETF,' this is the latest investment vehicle from Tidal Trust that tracks the holdings of notable investors such as Stanley Druckenmiller, Michael Burry, and Warren Buffett. Major Holdings Ackman's Pershing Square Holdings stock is up 2% this year versus a total return of 1% for the benchmark S&P 500 index. In recent months, Ackman's fund has gotten a lift from its investments in Fannie Mae and also the Federal Home Loan Mortgage (FMCC). Ackman currently owns 220 million shares of the two mortgage agencies, a stake worth about $2 billion. Also this year, Ackman has gotten approval for Pershing Square to buy $900 million of Howard Hughes Holdings (HHH) stock and turn the real estate company into a diversified holding company, which he has called a 'mini Berkshire Hathaway (BRK.B).' Other major stock holdings of Bill Ackman include Uber Technologies (UBER), Hertz Global (HTZ), Chipotle Mexican Grill (CMG), and Amazon (AMZN). Is PSH Stock a Buy? three-month performance. As one can see in the chart below, PSH stock has declined 6% in London trading over the past three months.
Yahoo
3 days ago
- Business
- Yahoo
TVA asking Jackson County residents for input on proposed Pumped Storage Hydro project
JACKSON COUNTY, Ala. (WHNT) — Soon, Jackson County residents will have the opportunity to give their input on a proposed Pumped Storage Hydro project. On June 12, TVA will host a public meeting from 6 – 8 p.m. on Tuesday, June 12, 2025, at Pisgah High School located at 60 Metcalf Street, Pisgah, Alabama, 35765. The Pumped Storage Hydro, or PSH, stores energy by pumping water to a higher elevation and releasing it back through turbines when energy demand is high. TVA currently operates a PSH facility near Chattanooga, Tenn., the 1,700-megawatt Raccoon Mountain. The public is encouraged to provide input on TVA's Pumped Storage Hydropower Draft Environmental Impact Statement, either at the public meeting, online or through the mail. You can find the DEIS on the TVA website. 'All comments received, including names and addresses, will become part of the administrative record and will be available for public inspection,' TVA said. You can submit comments on the DEIS in person at the public meeting or via email to nepa@ TVA said that any written comments should be sent to this address: Tennessee Valley Authority, ATTN: Elizabeth Smith, NEPA Specialist, 400 West Summit Hill Drive, WT-11D, Knoxville, TN 37902. The public can provide feedback on the four options for the project below: TVA would not develop or expand PSH facilities at any of the project sites. TVA would continue to operate the existing Raccoon Mountain PSH with no changes to current operations. TVA would not develop or expand PSH facilities at any of the project sites. TVA would continue to operate the existing Raccoon Mountain PSH with no changes to current operations. A new PSH located at Widows Creek, near Stevenson and Fabius, Alabama with an energy generation capacity ranging from 1,200-megawatt (MW) up to 1,600 MW. An 800-MW expansion of the existing Raccoon Mountain PSH, located near Chattanooga, Tennessee. DEIS comments must be received or postmarked no later than July 14, 2025. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Wire
05-05-2025
- Business
- Business Wire
Pershing Square Holdings, Ltd. ('PSH') Notes the Transaction Announced Today by Howard Hughes Holdings ('HHH') and PSH's Investment Manager
LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today noted that its investment manager, Pershing Square Capital Management, L.P. (the 'Investment Manager'), the Investment Manager's holding company, Pershing Square Holdco, L.P. ('Holdco', and together with the Investment Manager, 'Pershing Square'), and Howard Hughes Holdings, Inc. jointly issued the following release announcing Holdco's investment of $900 million to acquire nine million newly issued shares of HHH: After giving effect to the acquisition, Holdco, PSH and other Pershing Square funds will collectively own approximately 46.9% of HHH common stock outstanding. Pershing Square has generally agreed to limit its voting power to 40% and its beneficial ownership to 47%. 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)
Yahoo
01-05-2025
- Business
- Yahoo
Pershing Square Holdings, Ltd. Holds Annual General Meeting and Confirms Second Quarter 2025 Dividend for Shareholders
LONDON, May 01, 2025--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today held its Annual General Meeting of shareholders ("AGM") at Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 3QL. At the AGM, shareholders passed resolutions to: receive the annual report and the financial statements, re-appoint PSH's auditor, authorize the Directors to determine the remuneration of the auditor, re-elect all of the existing Directors with the exception of Tope Lawani and Bronwyn Curtis, elect Jean-Baptiste Wautier, renew PSH's share buyback authority, and permit the disapplication of shareholders' pre-emption rights for any share issuance of 10% or less. All resolutions were passed on a poll. The specifics of those resolutions can be found in the Notice of Annual General Meeting and the Supplementary Notice of Annual General Meeting available on the Company's website: The results of the proxy voting of PSH's shares are noted in the chart below. A vote withheld is not a vote in law and has not been counted in the votes for or against a resolution. PS Holdings Independent Voting Company Limited ("VoteCo") voted its Special Voting Share in favour of the resolutions. VoteCo is not permitted to vote on resolutions 4 and 9 which are Specified Matters for purposes of the UK Listing Rules. Resolution For Against Votes Withheld Resolution 1: To receive the annual report and the financial statements Ordinary Resolution of all Voting Shares 259,181,737 70,738 8,154 Resolution 2: To re‐appoint the Company's auditor Ordinary Resolution of all Voting Shares 259,167,691 89,297 3,641 Resolution 3: To authorise the directors to determine the remuneration of the auditor Ordinary Resolution of all Voting Shares 259,208,197 43,862 8,570 Resolution 4: To re-elect Halit Coussin as a Director Ordinary Resolution of the holders of Public Shares 77,706,824 792,389 5,224 Resolution 5: Withdrawn Ordinary Resolution of all Voting Shares N/A N/A N/A Resolution 6: To re-elect Andrew Henton as a Director Ordinary Resolution of all Voting Shares 259,147,232 104,110 9,287 Resolution 7: To re-elect Rupert Morley as a Director Ordinary Resolution of all Voting Shares 257,662,962 1,588,380 9,287 Resolution 8: To re-elect Charlotte Denton as a Director Ordinary Resolution of all Voting Shares 259,146,628 105,130 8,871 Resolution 9: To authorise the Company to buy back shares Special Resolution of the holders of Public Shares 77,649,981 849,396 5,060 Resolution 10: To permit the disapplication of pre-emption rights Special Resolution of all Voting Shares 258,981,979 173,672 104,978 Resolution 11: To elect Jean-Baptiste Wautier as a Director Ordinary Resolution of all Voting Shares 259,160,210 85,357 15,062 A copy of the special resolutions passed at the AGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at PSH also confirmed today that the next quarterly dividend of $0.1646 per Public Share, as previously announced, is payable as follows: Record Date Payment Date USD Dividend Per Share DRIP Enrollment Deadline Currency Election Deadline 16/5/2025 20/6/2025 $0.1646 2/6/2025 2/6/2025 A proportionate quarterly dividend will be paid to the Special Voting Share, based on its net asset value. Shareholders may automatically reinvest cash dividends into PSH Public Shares through a Dividend Reinvestment Programme ("DRIP") whereby shares are purchased in the open market by the administrator of the DRIP. Details about the DRIP are available at and through shareholders' brokers. Dividends will be paid in US dollars unless a shareholder elects to be paid in GBP. Shareholders electing GBP dividends must do so no later than the Currency Election Deadline. Further details about the currency election are available at Pershing Square Holdings' website Additional Information The payment of each dividend is subject to the Company being satisfied that the following conditions are met: the Company will meet the solvency requirements under Companies (Guernsey) Law, immediately after the payment of the dividend; the Company's total indebtedness will be less than one-third of the Company's total capitalisation after the payment of the relevant interim dividend. The decision as to whether PSH pays a dividend in the future will be made by the PSH Board with the consent of the Investment Manager. While PSH intends to pay a quarterly dividend going forward, there is no guarantee that PSH will continue to do so. PSH's Board's decision to pay a dividend should not be interpreted to mean that PSH will be profitable in the future. About Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed-ended fund. Category: (PSH:CorporateActions) View source version on Contacts Media Contact Camarco Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339, MediaInquiries@ Sign in to access your portfolio
Business Wire
01-05-2025
- Business
- Business Wire
Pershing Square Holdings, Ltd. Holds Annual General Meeting and Confirms Second Quarter 2025 Dividend for Shareholders
LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today held its Annual General Meeting of shareholders ('AGM') at Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 3QL. At the AGM, shareholders passed resolutions to: receive the annual report and the financial statements, re-appoint PSH's auditor, authorize the Directors to determine the remuneration of the auditor, re-elect all of the existing Directors with the exception of Tope Lawani and Bronwyn Curtis, elect Jean-Baptiste Wautier, renew PSH's share buyback authority, and permit the disapplication of shareholders' pre-emption rights for any share issuance of 10% or less. All resolutions were passed on a poll. The specifics of those resolutions can be found in the Notice of Annual General Meeting and the Supplementary Notice of Annual General Meeting available on the Company's website: The results of the proxy voting of PSH's shares are noted in the chart below. A vote withheld is not a vote in law and has not been counted in the votes for or against a resolution. PS Holdings Independent Voting Company Limited ('VoteCo') voted its Special Voting Share in favour of the resolutions. VoteCo is not permitted to vote on resolutions 4 and 9 which are Specified Matters for purposes of the UK Listing Rules. Resolution 8: To re-elect Charlotte Denton as a Director Ordinary Resolution of all Voting Shares 259,146,628 105,130 8,871 Resolution 9: To authorise the Company to buy back shares Special Resolution of the holders of Public Shares 77,649,981 849,396 5,060 Resolution 10: To permit the disapplication of pre-emption rights Special Resolution of all Voting Shares 258,981,979 173,672 104,978 Resolution 11: To elect Jean-Baptiste Wautier as a Director Ordinary Resolution of all Voting Shares 259,160,210 85,357 15,062 Expand A copy of the special resolutions passed at the AGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at PSH also confirmed today that the next quarterly dividend of $0.1646 per Public Share, as previously announced, is payable as follows: A proportionate quarterly dividend will be paid to the Special Voting Share, based on its net asset value. Shareholders may automatically reinvest cash dividends into PSH Public Shares through a Dividend Reinvestment Programme ('DRIP') whereby shares are purchased in the open market by the administrator of the DRIP. Details about the DRIP are available at and through shareholders' brokers. Dividends will be paid in US dollars unless a shareholder elects to be paid in GBP. Shareholders electing GBP dividends must do so no later than the Currency Election Deadline. Further details about the currency election are available at Pershing Square Holdings' website Additional Information The payment of each dividend is subject to the Company being satisfied that the following conditions are met: the Company will meet the solvency requirements under Companies (Guernsey) Law, immediately after the payment of the dividend; the Company's total indebtedness will be less than one-third of the Company's total capitalisation after the payment of the relevant interim dividend. The decision as to whether PSH pays a dividend in the future will be made by the PSH Board with the consent of the Investment Manager. While PSH intends to pay a quarterly dividend going forward, there is no guarantee that PSH will continue to do so. PSH's Board's decision to pay a dividend should not be interpreted to mean that PSH will be profitable in the future. About Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed-ended fund. Category: (PSH:CorporateActions)
