Pershing Square Holdings Declares $0.1837 Quarterly Dividend for Q3 2026 with Key Dates and Reinvestment Options

Q3 2026 Dividend Details and Payment Timeline

Pershing Square Holdings has declared a quarterly dividend of $0.1837 per Public Share, maintaining its established dividend schedule. Shareholders must hold shares by the record date of 14 August 2026 to qualify for the dividend, with payments set for 18 September 2026. This one-month interval aligns with standard market practices, allowing for administrative processing and currency conversions.

The company also applies a proportional quarterly dividend for holders of Special Voting Shares, calculated based on their net asset value, ensuring equitable treatment across share classes. Shareholders are advised to adhere to administrative deadlines to facilitate accurate dividend processing and currency preference elections.

Dividend Reinvestment Programme and Automatic Share Acquisition

Shareholders can participate in the Dividend Reinvestment Programme (DRIP), enabling automatic reinvestment of cash dividends into additional PSH Public Shares. An appointed administrator purchases shares on the open market for DRIP participants, allowing investors to grow their holdings without incurring separate brokerage fees. The enrolment deadline for DRIP is 28 August 2026, approximately two weeks after the record date.

Comprehensive DRIP information is accessible via the company’s website at https://pershingsquareholdings.com/corporate/psh-dividend-information/ and through shareholder brokers. Participation is voluntary, with non-participants receiving dividends in cash according to their chosen currency.

Flexible Currency Options for Dividend Payments

Dividends are paid by default in US dollars; however, shareholders may elect to receive payments in British pounds. This option caters to UK-based investors and those seeking sterling exposure, reducing currency conversion costs. Shareholders must submit currency election requests by 28 August 2026, coinciding with the DRIP enrolment deadline.

Further details on currency elections are available on the investor relations website, and shareholders can consult their brokers for assistance in submitting currency preferences through custodial or nominee accounts.

Financial Covenants Governing Dividend Distributions

Dividend payments are subject to compliance with solvency and leverage covenants. The company must satisfy all solvency requirements under the Companies (Guernsey) Law immediately after dividend distribution, ensuring adequate assets and capital to meet liabilities. Additionally, total indebtedness must not exceed one-third of total capitalisation post-dividend. These safeguards protect creditors and shareholders by preventing excessive distributions during financial stress.

The Board must confirm these conditions are met before authorizing any dividend, allowing suspension or reduction of payments if financial health deteriorates, thereby preserving the company’s operational integrity.

Governance and Future Dividend Policy Oversight

Future dividend payments require approval from both the Pershing Square Holdings Board and the Investment Manager, reflecting the governance structure of this closed-ended investment holding company. While the company intends to maintain quarterly dividends, no unconditional guarantee is provided.

The announcement clarifies that dividends should not be interpreted as assurances of future profitability, emphasizing transparency and managing shareholder expectations regarding income distributions.

Company Structure and Investment Holding Model

Pershing Square Holdings, Ltd. is a closed-ended investment holding company incorporated in Guernsey, trading on the London Stock Exchange under tickers LN:PSH and LN:PSHD. Its fixed share capital distinguishes it from open-ended funds, enabling longer-term investment horizons and the ability to hold less liquid assets.

This structure supports a dividend policy aligned with traditional closed-ended funds, distributing portions of net asset value while retaining capital for reinvestment or debt servicing.

Shareholder Resources and Administrative Support

Shareholders can access detailed dividend, DRIP, and currency election information on the company’s investor relations website at https://pershingsquareholdings.com/corporate/psh-dividend-information/. Brokers and custodians also provide support for dividend elections and corporate actions, facilitating shareholder participation regardless of holding method.

Media and investor inquiries can be directed to Camarco, the company’s communications adviser, ensuring comprehensive support across communication channels.

Record Date Significance and Eligibility Criteria

The record date of 14 August 2026 determines shareholder eligibility for the dividend. Investors must hold shares by this date to qualify, with purchases after this date excluded from the dividend. Shareholders retain dividend rights even if they sell shares before the payment date of 18 September 2026.

This standard market practice enables the company to process eligibility, currency conversions, DRIP purchases, and payment instructions within the one-month window between record and payment dates.

Tax Implications and Investor Responsibilities

While tax treatment is not addressed in the announcement, shareholders should consider that tax consequences vary by jurisdiction, residency, and shareholding structure. Currency election and DRIP participation may affect tax reporting and withholding obligations.

Investors are advised to consult tax professionals and review detailed information on the company’s website to understand the implications of dividend receipt and reinvestment in their specific circumstances.