Fannie Mae-No Politics (FNMA)

[11L]

Howard Hughes Corp. (HHC) Says Pershing Square to Sell 2.5M Shares in Offering
The Howard Hughes Corporation (NYSE: HHC) announced that Pershing Square Holdings, Ltd. and Pershing Square, L.P., intend to offer for sale in an underwritten public secondary offering an aggregate of 2,500,000 shares of the Company’s common stock. The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by management or the Company.

JPMorgan, BofA Merrill Lynch and Jefferies are acting as underwriters for the offering.