Latest news with #PershingSquareHoldings
Yahoo
05-08-2025
- 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@
Yahoo
05-08-2025
- Business
- Yahoo
Pershing Square Holdings, Ltd. Announces Appointment of Independent Non-Executive Director
LONDON, August 05, 2025--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today announced that following a thorough search process for a prospective PSH board candidate, the Nomination Committee recommended that the Board appoint Bilge Ogut as an independent non-executive director. Ms. Ogut will join the Board with effect from 5 August 2025. "Bilge brings a wealth of global investment expertise and deep sector knowledge, and we are delighted to welcome her to the Board of PSH," said PSH Chairman Rupert Morley. "Her experience in private equity and technology investing, in particular, will further enhance the Board's strategic perspective and capabilities." Bilge Ogut Ms. Ogut has over 25 years of industry experience and currently serves as an Advisory Partner to Partners Group. From 2013 to 2024, she held several senior leadership roles at the firm, including Head of Technology Investing and Head of Private Equity Europe. After joining the firm, she led a number of strategic investments and played a key role in developing the firm's technology investing strategy. During her tenure, she served on the Private Equity Investment Committee, the Global Investment Committee, and chaired the Technology Specialist Investment Committee. Since 2024, she has continued her involvement with the firm as an Advisory Partner. She currently serves on the boards of Forterro and Unit4, and previously held board roles at Civica, CPA Global, and Vermaat. She also served as an independent board member of PartnerRe, a global reinsurance business. Earlier in her career, Ms. Ogut was a Managing Director at Warburg Pincus, focusing on the TMT sector. She co-led Standard Bank's private equity business and began her career in Goldman Sachs' TMT group, gaining foundational experience in principal investing and capital markets. She holds an MBA from Harvard Business School and bachelor's degrees from the University of Pennsylvania's Wharton School and College of Arts and Sciences. 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:Other) View source version on Contacts Media CamarcoEd Gascoigne-Pees / Julia Tilley +44 (0)20 3757 4980, MediaInquiries@ Sign in to access your portfolio
Business Wire
05-08-2025
- 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)
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.
Yahoo
14-05-2025
- Business
- Yahoo
Taylor Swift's Label Universal Music Group Stock Slips as Ackman Leaves Board
Shares of Universal Music Group—Taylor Swift's record label—declined in Amsterdam trading Wednesday on news that billionaire investor Bill Ackman has resigned from the company's board. Ackman stepped down from the board "due to increasing demands on his time" from other investments, his company Pershing Square Holdings said. Ackman had pushed Universal Music Group to add a U.S. of Universal Music Group (UMG) declined in Amsterdam trading Wednesday on news that billionaire investor Bill Ackman has resigned from the company's board. Ackman's Pershing Square Holdings said the resignation was "due to increasing demands on his time from his other Pershing Square commitments," such as a recent appointment as executive chairman of the board of Howard Hughes Holdings (HHH). Ackman said he "greatly enjoyed being a director of UMG as it has transitioned from a private company into a flourishing public enterprise," and said he believes the company is "extremely well positioned for future growth and profitability." Universal Music Group represents some of the most popular musicians in the world, including Swift, Kendrick Lamar, and Ariana Grande. In its own statement, the firm's board said it is "very grateful for Mr. Ackman's contributions to the Company." Ackman has pushed the company to list in the U.S., and said in March that Pershing Square had reduced its UMG stake to about 17% of its portfolio, still its largest position but down from roughly 27% previously. On Monday, UMG announced that it had appointed a new finance chief, former Verizon Communications (VZ) CFO Matt Ellis, who will take over the role on June 9. UMG's Amsterdam-listed shares were down 3% in recent trading. They have risen more than 7% since the start of the year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
