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  "documentTitle": "Mall REIT sector (long General Growth Properties) (GGP)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "presentationDate": "2010-05-26 00:00:00",
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  "notes": "The slide details a specific financial mechanism where GGO retains 80% of proceeds above $10/share.",
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      "text": "Under the terms of the fully executed Cornerstone Investment Agreement, GGO will retain 80% of every dollar PF GGP raises above $10 per share, up to the value of the ~$300mm deferred tax liabilities and the Hughes claim.",
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      "text": "GGO IPO Participation: $1,020",
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      "text": "Under the terms of the fully executed Cornerstone Investment Agreement, GGO will retain 80% of every dollar PF GGP raises above $10 per share, up to the value of the ~$300mm deferred tax liabilities and the Hughes claim. This IPO Participation allows GGO to benefit from a successful PF GGP capital raise",
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      "text": "(1) Assume 65mm Shares",
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