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  "docSlug": "a9dbd2afd8b67eb9b43951ae299ef9e4",
  "documentTitle": "Pershing Square | Activist Presentation Deck | 62 slides",
  "authorId": "pershing-square",
  "authorName": "Pershing Square Holdings",
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2020-02-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 51,
  "pageCount": 62,
  "prevPage": 50,
  "nextPage": 52,
  "slideType": "other",
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  "density": "dense",
  "nDataPoints": 4,
  "notes": "The chart uses a timeline-based annotation style to correlate market performance with specific news events.",
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      "kind": "callout",
      "text": "FNMA and FMCC share prices increased 194% and 183%, respectively, in 2019. FNMA increased 2% and FMCC is flat, year-to-date in 2020",
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      "kind": "chart",
      "text": "FNMA and FMCC share price performance from 10/7/2013 to 2/4/2020",
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      "text": "Note: The performance of FNMA's and FMCC's share prices is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds. *Average cost at announcement date of $2.29 for FNMA and $2.14 for FMCC. Please see the additional disclaimers and notes to performance results at the end of the presentation. (1) As of 2/4/2020",
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      "kind": "title",
      "text": "FNMA and FMCC Performance Since Inception",
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      "evidence": "The section on Fannie and Freddie's potential exit from conservatorship.",
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