Latest news with #PSH
Yahoo
6 days ago
- Business
- Yahoo
Pershing Square Holdings, Ltd. Confirms Third Quarter 2025 Dividend for Shareholders
LONDON, August 05, 2025--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today confirmed that the next quarterly dividend of $0.1646 per Public Share, as previously announced, is payable as follows: Record Date Payment Date USDDividendPer Share DRIPEnrollmentDeadline CurrencyElectionDeadline 15/8/2025 19/9/2025 $0.1646 1/9/2025 1/9/2025 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, 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 3757 4980, MediaInquiries@
Business Wire
6 days ago
- Business
- Business Wire
Pershing Square Holdings, Ltd. ('PSH') Announces Amendments to its Investment Management Agreement Which Will Reduce Fees Paid by PSH With Respect to It's Holdings of Common Stock in Howard Hughes Holdings, Inc. ('HHH')
LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN: PSH) (LN: PSHD) today announced that its investment manager, Pershing Square Capital Management, L.P. (the 'Investment Manager'), proposed certain amendments to PSH's Investment Management Agreement (the 'IMA') that will reduce the management fees paid by PSH. The Board of PSH approved these amendments to the IMA. PSH also announced today that it, along with Pershing Square, L.P. ('PSLP'), Pershing Square International, Ltd. ('PS International', and together with PSH and PSLP, the 'Funds'), the Investment Manager's parent company, Pershing Square Holdco, L.P. ('ManagementCo'), and the Investment Manager are entering into a Voting Proxy Agreement (the 'Voting Proxy Agreement') appointing ManagementCo as designated proxy to vote all common stock of HHH owned by the Funds. Amendments to IMA The amendments to the IMA follow ManagementCo's investment of $900 million to acquire nine million newly issued shares of common stock with a par value $0.01 of HHH (the 'Common Stock') on May 5, 2025 (the 'Transaction'). After giving effect to the Transaction, ManagementCo, PSH and the other Funds collectively own approximately 46.9% of HHH common stock outstanding. As previously announced, in connection with the Transaction, HHH 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 (the 'Services Agreement'), and HHH will pay the Investment Manager a quarterly fee further described in the following joint press release: The amendments to the IMA provide for reductions to the management fees otherwise payable by PSH to the Investment Manager. The reduction will be an amount equal to the fees payable to the Investment Manager by HHH that are attributable to the HHH common stock held by PSH. Voting Proxy Agreement Under the IMA, the Investment Manager has sole authority to determine how to vote securities held by PSH, including common stock of HHH, unless otherwise specifically agreed to in writing by PSH and the Investment Manager. PSH's entry into the Voting Proxy Agreement, joining the other Funds in appointing ManagementCo as designated proxy to vote all common stock of HHH owned by the Funds, is intended to support the strategic purposes of the Transaction and to address legal and regulatory considerations, among other reasons. This press release does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any securities. The Investment Manager is a related party of PSH under UKLR 11 for the purposes of UKLR 8. The amendment of the IMA and corresponding reduction of management fees otherwise payable by PSH to the Investment Manager is a transaction for the benefit of PSH with no financial benefit to the Investment Manager and, as such, falls below the threshold for a relevant related party transaction specified in UKLR 11. About Pershing Square Holdings, Ltd. Category: (PSH:Other)
Business Wire
6 days ago
- Business
- Business Wire
Pershing Square Holdings, Ltd. Confirms Third Quarter 2025 Dividend for Shareholders
LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today confirmed 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)
Hans India
01-07-2025
- Business
- Hans India
Maha govt signs MoU for hydropower project and safari plaza, to generate 300 jobs
Mumbai: The Maharashtra government, on Tuesday, signed two MoUs, one in the energy sector and another in forest sector, in the presence of Chief Minister Devendra Fadnavis. The state Water Resources Department signed an MoU with Shree Tatysaheb Kore Warana Cooperative Navshakti Nirman Sanstha in Warananagar for the 240 MW Tillari Pumped Storage hydropower (PSH) Project. This entails an investment of Rs 1,000 crore and generate 300 jobs. The Chief Minister's Office in a post on its official X account said, "Powering Progress. Fueling a Green Future. Chief Minister Devendra Fadnavis presided over the MoU signing an exchange between the Maharashtra government's Water Resources Department and Shree Tatysaheb Kore Warana Cooperative Navshakti Nirman Sanstha in Warananagar for the 240 MW Tillari Pumped Storage Project. As the 16th MoU under Maharashtra's renewable push, this partnership further accelerates the state's journey toward a greener and energy-secure future. Minister Radhakrishna Vikhe Patil, MLA Vinay Kore and other senior officials were present." According to the state Water Resources Department, the PSH project ensures stable support during peak loads providing an uninterrupted power supply and it allows for the integration of variable renewable energy sources without grid disruptions. Such projects also have a lower carbon footprint when compared to fossil fuel-based plants, the department said. Meanwhile, the MoU was also signed between Forest Development Corporation of Maharashtra (FDCM) Gorewada Zoo Limited, Nagpur and National Buildings Construction Corporation (NBCC) for the development of the African Safari, Safari Plaza, and associated works under Phase-2 of the Balasaheb Thackeray Gorewada International Zoological Park in Nagpur. The Chief Minister's Office in a post said, "CM Devendra Fadnavis presided over the MoU signing and exchange between the FDCM Gorewada Zoo Limited, Nagpur and NBCC for the development of the African Safari, Safari Plaza, and associated works under Phase-2 of the Balasaheb Thackeray Gorewada International Zoological Park in Nagpur. State Forest Minister Ganesh Naik and other senior officials were present." According to the Forest department sources, FDCM Gorewada Zoo (FGZ), located in Nagpur, is a pivotal wildlife conservation and education centre. Under its umbrella, the facility includes the Balasaheb Thackeray Gorewada International Zoological Park, a rescue centre, and the Wildlife Research and Training Centre. FGZ is dedicated to promoting biodiversity, providing recreational opportunities, and enhancing public awareness of environmental issues. It also features a conservation breeding programme for endangered species. FDCM Gorewada Zoo plays a vital role in fostering a culture of conservation and advancing wildlife preservation in the region.
Business Wire
25-06-2025
- Business
- Business Wire
Pershing Square Holdings, Ltd. Announces Additional Share Buyback Program of $200,000,000
LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today announced a share buyback program (the 'Program') for $200,000,000 of PSH's outstanding Public Shares on the London Stock Exchange. The Program is expected to be accretive to NAV per share and will reduce PSH's capital. Since PSH commenced its first share buyback program on 2 May 2017, PSH has repurchased 69,920,511 PSH Public Shares for a total of $1.6 billion at an average price of $22.49. Jefferies International Limited will continue in its role as sole buyback agent for the Program which will enable the purchase of shares during closed periods. Shares repurchased by the Company will be held in Treasury. PSH advises shareholders that the number of shares to be repurchased under the Program shall not exceed $200,000,000 or 10,000,000 PSH Public Shares. About Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed-ended fund.
