PSH Pershing Square Holdings Ltd

TIDMPSH 
 
 

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) ("PSH") today confirmed the next quarterly dividend of $0.10 per Public Share, as previously announced, payable as follows:

 
Record Date  Payment Date  USD Dividend  DRIP Enrollment  Currency Election 
                            Per Share     Deadline         Deadline 
20/11/2020   18/12/2020    $0.10         27/11/2020       20/11/2020 
 

A proportionate quarterly dividend will be paid to Management Shares and the Special Voting Share, based on their respective net asset values per share.

Shareholders may automatically reinvest cash dividends into PSH Public Shares through a Dividend Reinvestment Programme ("DRIP"). Details about the DRIP are available at https://pershingsquareholdings.com/psh-dividend-information/ and through shareholders' brokers.

Dividends will be paid in US dollars unless a shareholder elects to be paid in GBP. Interested shareholders must elect GBP no later than the Currency Election Deadline. Further details about the currency election, including how to select GBP, are available at Pershing Square Holdings' website https://pershingsquareholdings.com/psh-dividend-information/.

PSH also announced today that for the calendar year 2021, the dividend will be paid according to the following table.(1)

 
Record Date  Payment Date  USD Dividend   DRIP Enrollment   Currency Election 
                            Per Share      Deadline          Deadline 
19/2/2021    19/3/2021     $0.10          26/2/2021         19/2/2021 
21/5/2021    18/6/2021     $0.10          28/5/2021         21/5/2021 
20/8/2021    17/9/2021     $0.10          27/8/2021         20/8/2021 
19/11/2021   17/12/2021    $0.10          26/11/2021        19/11/2021 
 

Additional Information

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 $0.10 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) (NA:PSH) is an investment holding company structured as a closed--ended fund that makes concentrated investments principally in North American companies.

(1) The dates in the table may change at the Board's discretion and each dividend will be subject to certain conditions being satisfied.

Camarco

Ed Gascoigne--Pees / Hazel Stevenson +44 020 3757 4989, Media-PershingSquareHoldings@camarco.co.uk

View source version on businesswire.com: https://www.businesswire.com/news/home/20201105005978/en/

 
    CONTACT: 

Pershing Square Holdings, Ltd.

 
    SOURCE: Pershing Square Holdings, Ltd. 
Copyright Business Wire 2020 
 

(END) Dow Jones Newswires

November 06, 2020 02:00 ET (07:00 GMT)

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