Market Overview

Pershing Square Confirms its Funds Own Canadian Pacific Shares Outright with Full Voting Power

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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