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Pershing Square Affirms Owning Shares of Canadian Pacific (CP) w/ Full Voting Power

February 7, 2012 12:49 PM EST
CP Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

Dividend Yield: 1.6%
Pershing Square Capital Management, L.P. responded today to claims that are circulating to the effect that its investment in Canadian Pacific Railway Limited (NYSE: CP) includes options, swaps or other derivatives. Pershing Square confirmed that the funds it manages own all of their 24.2 million common shares of Canadian Pacific outright with full voting power, as unambiguously stated in Pershing Square's Canadian and US public filings.


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