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Pershing Square Holdings, Ltd. (“PSH”) Announces Amendments to its Investment Management Agreement Which Will Reduce Fees Paid by PSH With Respect to It's Holdings of Common Stock in Howard Hughes Holdings, Inc. (“HHH”)

1. Pershing Square Holdings approved amendments reducing management fees. 2. These changes could improve PSH's financial performance.

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FAQ

Why Bullish?

Reducing management fees increases net returns, potentially attracting investors. Historical examples show cost reductions directly correlate with improved stock performance.

How important is it?

Enhanced investor appeal through reduced fees likely drives demand for shares. Competitive offerings can attract capital quickly.

Why Short Term?

The immediate reduction in fees may lead to quick investor sentiment changes. Similar amendments in other funds have boosted prices shortly after announcement.

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LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN: PSH) (LN: PSHD) today announced that its investment manager, Pershing Square Capital Management, L.P. (the “Investment Manager”), proposed certain amendments to PSH's Investment Management Agreement (the “IMA”) that will reduce the management fees paid by PSH. The Board of PSH approved these amendments to the IMA. PSH also announced today that it, along with Pershing Square, L.P. (“PSLP”), Pershing Square International, Ltd. (“PS Inte.

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