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LONDON - Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD), a closed-ended investment holding company, held its Annual General Meeting (AGM) recently, resulting in the passage of several key resolutions and confirmation of its second quarter 2025 dividend for shareholders.
At the AGM, resolutions were approved to accept the annual report and financial statements, reappoint the company’s auditor, and authorize directors to set the auditor’s remuneration. All existing directors were re-elected, except for Tope Lawani and Bronwyn Curtis, while Jean-Baptiste Wautier was elected as a new director. Additionally, the company renewed its share buyback authority and allowed for the disapplication of pre-emption rights for share issuances up to 10%.
The proxy voting results indicated strong support for the resolutions, with the majority of votes cast in favor. A special voting company, PS Holdings Independent (LON:IOG) Voting Company Limited, voted in favor of the resolutions, except for two specific matters restricted by the UK Listing Rules.
Following the AGM, Pershing Square Holdings confirmed the upcoming quarterly dividend of $0.1646 per Public Share, with a record date of May 16, 2025, and a payment date of June 20, 2025. Shareholders have the option to reinvest their dividends through a Dividend Reinvestment Programme (DRIP), where shares are purchased on the open market by the DRIP administrator.
The dividend will be paid in US dollars unless shareholders elect to receive payment in GBP by the June 2, 2025 deadline. The payment of the dividend is contingent upon the company’s satisfaction with certain solvency requirements and its total indebtedness remaining below one-third of its total capitalization after the dividend payment.
While Pershing Square Holdings intends to continue paying quarterly dividends, the Board, with the consent of the Investment Manager, will make future decisions, and there is no guarantee of ongoing dividend payments. This announcement is based on a press release statement from Pershing Square Holdings, Ltd.
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