In this paper, some more properties of the generalized principal pivot transform are derived. Necessary and sufficient conditions for the equality between Moore-Penrose inverse of a generalized principal pivot transform and its complementary generalized principal pivot transform are presented. It has been shown that the generalized principal pivot transform preserves the rank of symmetric part of a given square matrix. These results appear to be more generalized than the existing ones. Inheritance property of $P_{dagger}$-matrix are also characterized for generalized principal pivot transform.
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