PSUS

About PSUS

Pershing Square USA Ltd is a closed-end, non-diversified management investment company. It provides public investors with access to a concentrated, hedge-fund-style portfolio managed in the style of Pershing Square, without traditional performance fees. The company pursues an investment objective to preserve capital while seeking maximum long-term capital appreciation commensurate with reasonable risk, typically through significant positions in a limited number of large capitalization companies. As a closed-end fund, its shares can trade at a premium or discount to the net asset value of its underlying holdings, offering exposure to an active investment strategy focused on value creation. Pershing Square USA Ltd includes a structure where initial public offering buyers receive bonus shares of Pershing Square Inc., the related asset management business, enhancing the appeal for those seeking combined exposure to the fund and the management entity. This setup positions it as a vehicle for retail and institutional investors interested in concentrated equity investments.