{
  "docId": "019de06f-fac0-7028-97e9-79b5a868635b",
  "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",
  "aspectRatio": 1.3333334,
  "pageNumber": 9,
  "pageCount": 62,
  "prevPage": 8,
  "nextPage": 10,
  "slideType": "key_takeaways",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 2,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-fac0-7028-97e9-79b5a868635b/9",
  "deckHref": "/decks/019de06f-fac0-7028-97e9-79b5a868635b",
  "deckJsonHref": "/decks/019de06f-fac0-7028-97e9-79b5a868635b.json",
  "deckAnchorHref": "/decks/019de06f-fac0-7028-97e9-79b5a868635b#slide-9",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.19
      },
      "kind": "callout",
      "text": "Beginning in Q1 2019, PSH initiated a quarterly dividend of $0.10 per share, a 2.0% yield at the current PSH share price¹",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c7f6bcab-8d04-4c14-ab04-0cc2713c81f6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.85,
        "x": 0.08,
        "y": 0.37
      },
      "kind": "list",
      "text": "PSH’s current dividend yield is similar to that of the S&P 500\nExpands the universe of potential PSH investors who prefer or require dividends as part of their investment strategy\nDividend represents a return of capital at NAV which can be reinvested in PSH shares at a discount to NAV\nFurther emphasizes that PSH is an attractive alternative to an S&P 500 portfolio",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3576b67f-b188-493f-a9a8-375e8c19f90f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.2,
        "x": 0.05,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "(1) As of February 4, 2020",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6f5a0e8c-8613-4003-bfa3-64545d21d9ef",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.82,
        "x": 0.04,
        "y": 0.08
      },
      "kind": "title",
      "text": "2019 Corporate Actions: Initiated Dividend",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b9fbedab-2b82-43f9-9779-225909aec2ef",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 9,
      "from": 4,
      "beatId": "d75302ab-6a6f-48fd-8cb4-45ce487e14b5",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Interest",
      "beatSlug": "aida-interest",
      "evidence": "The chairman's introduction, overview of 2019 performance, and key takeaways generate interest in Pershing Square's approach.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}