Pershing Square
our revised proposal step commence program step dividend increase and share commences units in mature markets canada and over the next two to three years increases its dividend to of after tax free cash flow from roughly of free cash flow currently proceeds from can be redeployed in fast growing high return emerging markets china and russia implies a dividend of per share in versus per share in at a recent price of per share implies a new dividend yield of versus current yield of corporation initiates incremental share using existing cash on hand and proceeds revised proposal requires no incremental debt to be issued over total debt position as of | Pershing Square
Company
Deck Type
Deck date
January 2006
Slide
29 of 58
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