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  "documentTitle": "Pershing Square | Investor Presentation Deck | 57 slides",
  "authorId": "pershing-square",
  "authorName": "Pershing Square Holdings",
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  "presentationDate": "2021-02-01 00:00:00",
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      "text": "Over the course of 2020, PSH repurchased $286 million in stock",
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      "text": "PSH buybacks and purchases by PSCM affiliates have reduced the free float by 37% since the IPO. Today, PSCM affiliates own approximately 25% of PSH on a fully diluted basis",
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      "text": "(1) Reflects public shares outstanding as of January 1, 2020 for 2020 share buybacks and public shares outstanding as of April 30, 2017 for cumulative shares repurchased since inception. (2) PSH:NA share price of $37.80 as of February 16, 2021. (3) Free float refers to the number of public shares not owned by PSCM affiliates. (4) As of February 16, 2021. Represents the share ownership of PSH held by William Ackman, Nicholas Botta and other PSCM affiliates, assuming full exercise by their terms of all option contracts held by such parties referencing PSH shares.",
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      "kind": "title",
      "text": "2020 Corporate Actions: Share Buyback Programs",
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