• Pershing Square USA, Ltd. is trading 3.2% up at $40.89 in pre-market, extending a strong recent advance from its prior close of $39.61.
  • This rise follows Bill Ackman's announcement of four new investments, including for PSUS, and his comments that the fund is trading at a ~20% discount to its net asset value due to technical factors related to its April IPO.
  • Ackman also stated that Pershing Square management and affiliates are 'all in' on PSUS, having acquired over 10M shares post-IPO.