pershing square annual report

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(“PSCM”), the investment manager of the Company, assumes any obligation to update the information contained in the Prospectus or the Supplement thereto, unless a new offering in the Company will be undertaken. �r�r�X�9�?z��2#T�[�HV�g��8a��3(��̉��Bu�,W�q~�QL'��W��-�q\�jtV�3f'�MO��c@p&�$�:��3G��K7;�~��.\y��W��3�E�\��v4��_�g'ڟ�s��o o[C Any other use is prohibited unless you first request and obtain our written permission. 2014 Annual Report A copy of each of the annual, semi-annual, and interim account statements is available upon request. This does not exclude or restrict any duty or liability the Company or PSCM has to its customers under the regulatory system in the Netherlands or Guernsey. Track stock picks and portfolios of legendary value investors such as Warren Buffett Unless specifically stated otherwise, it does not constitute an offer to purchase or sell any security or investment product, nor does it constitute professional advice. This is the Privacy Statement of the Pershing Square Holdings, Ltd. website and is intended to set out an explanation of what we do with any personal information provided to us by users of this website. %PDF-1.5 %�� Past performance is no guarantee of future returns and there is no guarantee that the market price of the Company’s shares will fully reflect their underlying net asset value. Pershing Square Holdings, Ltd. h�bbd``b`� In particular no one may copy or use a part of the website on any other website, or link any other website to this website, without the prior written permission of PSCM and the Company. Please read the disclaimer below carefully. endstream endobj 539 0 obj <> endobj 540 0 obj <> endobj 541 0 obj <>stream Semiannual Financial Statements Including Investment Manager’s Report 2020, Semiannual Financial Statements Including Investment Manager’s Report 2019, Semiannual Financial Statements Including Investment Manager’s Report 2018, Semiannual Financial Statements including Investment Manager’s Report 2017, Semiannual Financial Statements including Investment Manager’s Report 2016, Third Quarter Interim Management Statement 2015, Semiannual Financial Statements including Investment Manager’s Report 2015, First Quarter Interim Management Statement 2015. You may imprint, copy download or temporarily store extracts from this website for your personal information and use. ,�m[sH��*��Wn�/��|u��_��5Ŋ/��P)��"%��I��\6� �L�Nx�)��В��ZIAY��N�Ǟ�͠�C�2��I��R�41��W*D��暤ϖY��\�W��3v�)�Y'�)\�:��'��ܿ�П �ي� Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Pershing Square Tontine Holdings, Ltd. (PSTH) using our online tools. The Company Tender would be financed from PSH’s cash on hand. PSH been subject to the risk of investor redemptions. We would likely have been sellers rather than opportunistic buyers had . The annual results eclipsed the 16% gain in the S&P 500, and surpassed Ackman’s 2019 record of about 58%. ��w�#ē�k�pӼ�Uy4�M/_�G�! Releases Letter to Investors. 553 0 obj <>stream Pershing Square Capital is a New York based hedge fund managed by Bill Ackman. Nothing in this website is, or should be relied on as, a promise or representation as to the future. No public offering of any shares in the Company is being, or has been, made in the United States. You agree that under no circumstances, including, but not limited to, negligence, shall the Company or PSCM or any third party that has provided information contained in this website or any of their respective affiliates be liable for any direct, special or consequential damages that result from the access or use of, or the inability to access or use, the materials on this website. 0 The fact that information, products or services are shown on this website does not necessarily mean that you should rely on the information or that the information continues to be valid. A Dutch supplement to the Prospectus has been prepared which contains specific information for retail investors in the Company in the Netherlands (the “Supplement”). All trademarks, service marks and logos used on this website are trademarks or service marks or registered trademarks or service marks of either the Company, PSCM, their respective affiliates or their associates and service providers and should not be copied, altered or abused in any way. For financial reporting, their fiscal year ends on December 31st. No personal information is requested, collected, required or monitored in respect of access to the site’s home page or other pages giving general information about the Company or PSCM. Employee Retirement Income Security Act of 1974, as amended (“ERISA”), including (i) an investor using assets of: (A) an “employee benefit plan” as defined in Section 3(3) of ERISA that is subject to Title I of ERISA; (B) a “plan” as defined in Section 4975 of the U.S. Internal Revenue Code, as amended (the “IRC”), including an individual retirement account or other arrangement that is subject to Section 4975 of the IRC; or (C) an entity which is deemed to hold the assets of any of the foregoing types of plans, accounts or arrangements that is subject to Title I of ERISA or Section 4975 of the IRC. Shares may not be purchased by an “employee benefit plan” within the meaning of the U.S. Although each of the Company and PSCM tries to make this site as accurate as possible and to use information obtained from other sources that the Company and PSCM believe to be reliable, each of the Company and PSCM does not guarantee, nor take any responsibility for, its accuracy. Annual Report 2019 3 Chairman’s Statement INTRODUCTION I am pleased to report that in 2019, PSH generated its highest annual return since it started investing in 2013. The Company is a registered closed-ended investment scheme registered pursuant to the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended and the Registered Collective Investment Scheme Rules 2008 issued by the Guernsey Financial Services Commission (the “Commission”). Letters and Presentations to Shareholders. Users of this website are responsible for observing all applicable laws and regulations in their relevant jurisdictions before proceeding to access the information contained herein. These forward-looking statements are subject to various risks, uncertainties and assumptions. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today issued the PSH annual report and financial statements for the year ended 31 December 2018 which are now available on … Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today released the following regular monthly Net Asset Value (NAV) and Performance Report for … h��U]hSg~ڮ59�55�pX�dQӝ�E/�4=�8qv:��ED�'PQ�U�Nb�F�Z��:-�Y�.�j��S�C�U��Cɤ+�x!�}? The Commission has not reviewed this disclaimer and takes no responsibility for the financial soundness of the Company or for the correctness of any of the statements made or opinions expressed with regard to it. SUBJECT: PERSHING SQUARE PARKING GARAGE -ANNUAL STATUS REPORT FOR FISCAL YEAR 2017-2018, TRANSFER OF APPROPRIATIONS AP Diaz S. Pina-Cortez H. Fujita ... Attachment A-Pershing Square Parking Garage Annual Status Report for Fiscal Year 2017-18 . This website contains forward-looking statements, which reflect the views of the Company and PSCM with respect to, among other things, the Company’s operations. In addition, the shares in the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Neither the Company nor PSCM has reviewed any website linked to this website and neither the Company nor PSCM is responsible for the contents of off-site pages or any other websites linked or linking to this website. A prospectus has been prepared in connection with the admission of the shares in the Company to listing and trading on Euronext in Amsterdam, the regulated market operated by Euronext Amsterdam N.V., and was approved by the Netherlands Authority for the Financial Markets (the “AFM”) on 2 October 2014 (the “Prospectus”). Copyright of all images and text in this website is owned by or licensed to PSCM, the Company or one of their respective affiliates unless otherwise noted. By proceeding to access the information, users are deemed to have represented and warranted that the applicable laws and regulations of their relevant jurisdiction allow them to do so. Neither the Company nor Pershing Square Capital Management, L.P. (“PSCM”), the investment manager of the Company, assumes any obligation to update the information contained in the Prospectus or the Supplement thereto, unless a new offering in the Company will be undertaken. Links to this website may not be established without the prior written consent of the Company and PSCM. Pershing Square earns no fee on repurchased shares. hޜT�n�8��y�H�HI�b'N�MZ#rv0�ʴ-T�N�~}��b�ȃ�!�v�̐i�)�4�(W��$DJi��~�D~��uL?bb��2~ӫ��h��GwQ��y�E!B�A3��é��yg�¸%�gS,̣��M&�7+vN��}�Ӻlz��5 ��mqMчHb�7��a��~4b߳z�6�i+�/c��$Aew��j��$��Y��}�p��ú~0��G��0�f��֭!��cLp�sLq�K�H+\��s�$nP`�[�5J�sTX�#c�-j��74ء��|'!�H0��u��S��m+��M��L�E The annual report of Pershing Square Holdings gives glimpse into the secretive world of hedge funds. Annual Report 2018 4 CORPORATE ACTIONS In 2018, the Board initiated a number of corporate actions. Financial statements and reports for Pershing Square Holdings Ltd (PSH) NPV including annual reports and financial results for the last 5 years. 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While we do our best to maintain security within our website and to safeguard your personal information, we cannot ensure or warrant the security of any information which you may transmit to us. persons” as defined in Regulation S under the Securities Act absent registration or an exemption from registration under the Securities Act. �r ��m�1��1��>>g�|FvϙJ�m�j`��#-��^|�\� Ü0�'��Ar)Ց�W��܌i��[�l�$�3kL��j8Zbڔ��07�}\��HЉ� F5��iݘ�g%U8�\�.��}��m]��*ʶ?�1�CSv��v��P8��$��e��u��)Mc��#�M�3�s��m Pershing Square Tontine Holdings, Ltd is primarely in the business of blank checks. 546 0 obj <>/Filter/FlateDecode/ID[<5C7C257E1CC7A84BBD5EBD696B411D26>]/Index[538 16]/Info 537 0 R/Length 60/Prev 1191676/Root 539 0 R/Size 554/Type/XRef/W[1 2 1]>>stream 538 0 obj <> endobj Pershing Square Holdings, Ltd. $C��F ��$�K�S��$�g`bdZ R��o� @� � A copy of each of the annual, semi-annual, and interim account statements is available upon request. Nothing contained on this website constitutes investment, legal, tax or other advice and is not to be relied on in making an investment or other decision. Welcome to Pershing Square Holdings, Ltd. Pershing Square Capital Management is an American hedge fund management company founded and run by Bill Ackman, located at 787 11th Avenue in New York. Pershing Square L.P. (“PSLP”) / PSH Annual Net Returns Data represents returns an investor would have earned if they invested in PSLP at its January 1, 2004 inception and convertedto PSH at its launch on December 31, 2012. endstream endobj 542 0 obj <>stream Ackman has become more bullish on the stock market in recent weeks, writing in the Pershing Square Holdings recently issued annual report that he is “increasingly positive on equity and credit markets,” citing the “all-in” response by the Treasury and Federal Reserve. No information contained on this website constitutes or would be deemed to constitute an invitation in any jurisdiction to invest or otherwise deal in the shares of the Company. 9 At this value, our hedges were worth approximately 40% of Pershing Square Holdings, Ltd. Company history. ... (Excerpted from the 2019 Annual Report) 26 March 2020. reports on a regular basis. The Privacy Statement is a statement of policy and, save for those rights and obligations set out in the Data Protection (Bailiwick of Guernsey) Law, 2001, it does not establish or create any additional user rights or any further obligations. The use of the internet to transfer information is not secure. Although each of the Company and PSCM has taken all reasonable care to ensure that the information contained within this website is accurate no representation or warranty (including liability towards third parties), expressed or implied, is made as to its accuracy, reliability or completeness by the Company, PSCM, their respective affiliates and third parties that have provided information contained in this website. Should any assumptions underlying the forward-looking statements contained on this website prove to be incorrect, the actual outcome or results may differ materially from outcomes or results projected in these statements. You may not alter or otherwise make any changes to any material that you print or download from this website, including, without limitation, removing any identifying marks or legends from such material. The value of the shares in the Company may go down as well as up. We generated our best NAV returns in Pershing Square Capital Management, L.P.’s 16-year history with a total NAV return including dividends of 58.1%, and a total stock price return of 51.2%.5 2019 was also an excellent year for our portfolio companies as their operating and business progress largely kept pace with their stock price returns. Pershing Square Holdings, Ltd. Issues 2019 Annual Report and Financial Statements, Announces Annual General Meeting in Guernsey and Additional $100,000,000 Share Buyback Program Such personal information will be held and processed by the Company in accordance with the Data Protection (Bailiwick of Guernsey) Law, 2001. Investors can identify these forward-looking statements by the use of words such as “believe”, “expect”, “potential”, “continue”, “may”, “will”, “should”, “seek”, “approximately”, “predict”, “intend”, “plan”, “estimate”, “anticipate” or other comparable words. Ackman has become more bullish on the stock market in recent weeks, writing in the Pershing … Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. PERSHING SQUARE PARKING GARAGE OPERATIONS Profit & Loss July 2017 through June 2018 Page 1 of 2 Only limited personal information is required, collected and monitored and then only in respect of the Company. All documents have their own shelf life and may be included on this website for historical reference purposes only. None of the information contained in this website constitutes an offer to sell, or a solicitation of an offer to buy or subscribe for, any shares or other securities to the public. Annual Report Year Ended December 31, 2017 4 PERSHING SQUARE HOLDINGS, LTD. General Meeting (“AGM”) on April 24, 2018. The Prospectus and the Supplement are available on this website. Neither the Company nor Pershing Square Capital Management, L.P. (“PSCM”), the investment manager of the Company, assumes any obligation to update the information contained in the Prospectus or the Supplement thereto, unless a new offering in the Company will be undertaken. If you follow any links off this website you do so at your own risk. There are currently 7 companies in Mr. Ackman’s portfolio. Our hedges were in the form of purchases of credit protection on various global investment grade and high yield credit indices. The largest investments include Lowes Cos Inc and Chipotle Mexican Grill, together worth $3.6 billion. You must accept its terms before you can proceed. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Pershing Square Tontine Holdings, Ltd.. Opinions and any other contents expressed on this website are provided for your personal use and informational purposes only and are subject to change without notice. This is also the highest return generated by the Investment Manager since the inception of its investment strategy in 2004. Pershing Square Capital Management, L.P. %%EOF endstream endobj startxref None of the Company, PSCM or any of their respective affiliates undertakes any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by applicable law or regulation. Potential investors are advised to seek expert financial advice before making any investment decision and should be aware that they may not fully recover the amount invested. The Company removed its 4.99% ownership limit, creating the potential for additional demand for shares, and completed a $300 million company tender in … Consequently, shares in the Company may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, “U.S. h�tWyTW��a��\{�0� **(��":�*jDE\�q�7��/1.��h��Dc4*1*�F@YdQYf@ ��W�5��]L|�w��G��]U��W��⬭8�J�+rܘ��ღ.KZ��d��s��Y��%s>��E��?¤7'�LӀ�ܻ��gz�ജ�J%��. Any product and service mentioned in this website are not offered to any person or entity in any jurisdiction or country where the advertisement, offer, solicitation, provision or sale of such product and service is restricted or prohibited by law or regulation or where PSCM or the Company or any of their respective affiliates would be subject to any regulation or licensing requirement. Pershing Square Capital Management, L.P. 13F annual report Pershing Square Capital Management, L.P. is an investment fund managing more than $10 billion ran by William Ackman. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support The Company has not been and will not be registered under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”), and investors will not be entitled to the benefits of that Act. Investors following the company’s 13F filings over the last 3 years (from mid-February 2018 through mid-February 2021) would have generated annualized total returns of 28%. Pershing Square Holdings, Ltd. Issues 2019 Annual Report and Financial Statements, Announces Annual General Meeting in Guernsey and Additional $100,000,000 Share Buyback Program And, if anything, Ackman's pay may pale in comparison to some competitors. Pershing Square earns no fee on repurchased shares. Pershing Square Holdings letters to shareholders materials that are provided upon request as noted herein may be obtained by contacting The Stockwell Group. On August 7, 2017, Pershing Square gave formal notice to the company of its intent to nominate three directors for election to the board of directors at the company’s 2017 Annual … Bill Ackman. The information and opinions contained in this website are provided without any warranty of any kind, either expressed or implied, to the fullest extent permissible pursuant to applicable law. There is also no guarantee that the Company’s investment objective will be achieved. If you proceed to access the information included in this website, you acknowledge that you have read and agree with the above statement. You should obtain relevant and specific professional advice before making any investment decision. Annual Report 2018 8. None of the Company, PSCM or any of their respective affiliates further assumes any responsibility for, and makes any warranties that, information and supplies contained on this website will be uninterrupted or error-free, that defects will be corrected, or that this website or the servers that make it available will be free of viruses or other harmful components. provides update on 2019 annual report * pershing square holdings ltd - psh is deferring publication of its results for year ended 31 december 2019 * pershing square holdings ltd - … '�d�f��>��@ P�)��\0��L�d�"d��>��4�~��]��Z&qu�؋��m?��H��/p+#��Њ�q�:�2�g��= -b��X�#��-��f��"F#��~�+Bus^:�'�Bc��kp�m[��/$��c��U/�_ �dX�e�o��?ǘ[��,Ra�4�f�['��Ȍ��a�.��g�KFJ�NA܃{^�@�*��:�xC}��0�w,ĤX�Ji�n�G-��e5:�ZN��S�ss��\*�s��ss��I��]��gJ}��3 ��5ź�o˵�$��6=��P�#��Ml��9��%ޣ��LP_;st\�Yd�G%ICJENʤ�f��\��nF��ō�K��|��5Z�Y�r�1�=X8�H��)��%�@�K��O�ް��v>^��>}�x��Uy��vN��7�T��zuO.�oe�("I�U#Бf](u��a�i��i��і.��U�o��E�9��Ҁ�}�e��#,4n;D!1��q��n��|�� 3 On March 23 rd, we completed the exit of our hedges generating proceeds of $2.6 billion for the Pershing Square funds ($2.1 billion for PSH), compared with premiums paid and commissions totaling $27 million, which offset the mark-to-market losses in our equity portfolio. We took advantage of the year-end market downdraft by making a large new investment in Hilton Worldwide Holdings while other investors became forced or irrational sellers. �2YTU��g��Xt+��7�qͶ��Be�5��r.�p��!��0%e�rJ�d These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), This page shows recent SEC filings related to Pershing Square Tontine Holdings, Ltd. … Annual Report 2019 9 After we purchased these hedges, U.S. and global equity and credit markets declined dramatically, and our hedges increased in value from zero to a peak of $2.7 billion (in PSH $2.3 billion). According to the company’s latest 13F report, Pershing Square has around $10.6 billion worth of public equity holdings. The information on this website is for information purposes only. The billionaire investor said Pershing Square had a net return of 4.6% in December alone. You may not distribute these materials to others. In my letter to you The procedures covering the security and confidentiality, storage and disclosure of personal information provided to the Company by users of this site comply with the Data Protection (Bailiwick of Guernsey) Law, 2001. Pershing Square Holdings, Ltd. PSH now expects to release its 2019 Annual Report during the week commencing 6 April 2020. It is expected that the Company Tender would be launched shortly following the AGM.
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