Pershing Square Holdings, the £5.6bn London-listed investment trust led by hedge fund manager Bill Ackman, is set to return $100m to investors in a share buyback programme.
In a stock exchange notice today (8 June), the company said the buyback will be for up to five million outstanding public shares on the London Stock Exchange and Euronext Amsterdam. The programme is expected to be accretive to NAV per share and will reduce PSH's capital. abrdn begins £150m share buyback programme The trust, which holds over £10bn of assets, focuses on acquiring and holding significant positions in large capitalisation companies. PSH is currently trading at a 34.4% discount, according to the Association of Investment Companies. PSH has repurchased 60,146,655 of ...
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