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  "documentTitle": "Pershing Square | Investor Presentation Deck | 59 slides",
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  "authorName": "Pershing Square Holdings",
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  "presentationDate": "2024-02-01 00:00:00",
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  "notes": "The slide clarifies that the fee offset is contingent on repaying IPO costs, which are still outstanding.",
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      "kind": "callout",
      "text": "Since the balance of the Offset Amount has not yet been reduced to zero, PSH has not received any fee reduction benefit from the original FOA",
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      "text": "The FOA benefit does not become effective until the $120 million of PSH’s IPO costs borne by PSCM (the “Offset Amount”) are repaid",
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