Pershing Square Holdings, Ltd. (“PSH”) Announces Amendments to its Investment Management Agreement Which Will Reduce Fees Paid by PSH With Respect to It’s Holdings of Common Stock in Howard Hughes Holdings, Inc. (“HHH”)

PSH Announces Entry into Voting Proxy Agreement Granting Voting Proxy to the Parent Company of its Investment Manager With Respect to Common Stock in HHH

LONDON–(BUSINESS WIRE)– Pershing Square Holdings, Ltd. (LN: PSH) (LN: PSHD) today announced that its investment manager, Pershing Square Capital Management, L.P. (the “Investment Manager”), proposed certain amendments to PSH’s Investment Management Agreement (the “IMA”) that will reduce the management fees paid by PSH. The Board of PSH approved these amendments to the IMA.

PSH also announced today that it, along with Pershing Square, L.P. (“PSLP”), Pershing Square International, Ltd. (“PS International”, and together with PSH and PSLP, the “Funds”), the Investment Manager’s parent company, Pershing Square Holdco, L.P. (“ManagementCo”), and the Investment Manager are entering into a...