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  "authorName": "Pershing Square Holdings",
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  "notes": "Includes a specific note on the calculation methodology for Total Capital and Total Indebtedness.",
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      "text": "PSH redeemed the remaining $631 million balance of its 2022 bonds on June 15, 2022",
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      "text": "Weighted average cost of capital: 3.09% \nWeighted average maturity: 9.1 years",
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      "text": "PSH's long-term debt management strategy is to manage leverage over time by increasing NAV through strong performance and laddering its maturities through new issuances",
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      "text": "Note: Total Capital and the ratio of Total Debt to Total Capital are calculated in accordance with the PSH Bonds' Indentures. Total Capital is defined as Net Asset Value plus Total Debt and is net of accrued performance fee. (1) Assumes a 1.07x EUR/USD exchange rate.",
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      "text": "2022 Corporate Actions: Bond Redemption",
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