PERSHING SQUARE HOLDINGS: Pershing Square Holdings, Ltd. Announces 2024 Dividend Schedule

TIDMPSH 
 
 

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today announced that it will pay a quarterly dividend of $0.1456 per Public Share for the calendar year 2024 according to the following table.(1) (2)

 
Record Date  Payment Date  USD Dividend Per  DRIP Enrollment   Currency 
                           Share             Deadline          Election 
                                                               Deadline 
16/2/2024    15/3/2024     $0.1456           23/2/2024         16/2/2024 
17/5/2024    14/6/2024     $0.1456           24/5/2024         17/5/2024 
16/8/2024    13/9/2024     $0.1456           23/8/2024         16/8/2024 
15/11/2024   13/12/2024    $0.1456           22/11/2024        15/11/2024 
 

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 https://pershingsquareholdings.com/corporate/psh-dividend-information/ 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 https://pershingsquareholdings.com/corporate/psh-dividend-information/.

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) (NA:PSH) is an investment holding company structured as a closed-ended fund.

Category: (PSH:CorporateActions)

 
(1) The dates in the table may change at the Board's discretion and each 
dividend will be subject to certain conditions being satisfied. 
(2) The Company's policy is to pay quarterly dividends in an amount determined 
by multiplying the average PSH NAV of all trading days in December of the 
prior year by 0.25%, subject to a cap whereby the total dividends paid for the 
year is not to exceed 125% of the average of the total dividends paid in each 
of the previous three years. Once the dividend is set for a specific year, the 
Company does not intend to decrease it from that level, even in the event that 
NAV were to decline in a future year. The dividend cap is utilized so that PSH 
does not make an excess distribution under the PFIC rules. 
 

Media

Camarco

Ed Gascoigne-Pees / Julia Tilley [phone], [e-mail]

View source version on businesswire.com: https://www.businesswire.com/news/home/20240111992310/en/

 
    CONTACT: 

Pershing Square Holdings, Ltd.

 
    SOURCE: Pershing Square Holdings, Ltd. 
Copyright Business Wire 2024 
 

(END) Dow Jones Newswires

January 12, 2024 02:00 ET (07:00 GMT)