Hipgnosis shareholders reject £440m portfolio sale and continuation
Board to put forward proposals for ‘reconstruction, reorganisation or winding-up’
Hipgnosis Song Fund
-
-
Hipgnosis rival suitors ‘could not justify’ paying higher price than Blackstone-backed bid
$440m (£359m) bid for a fifth of the trust’s portfolio to be voted on this week
-
Stifel analysts warn of ‘breakdown’ between Hipgnosis board and manager as trust launches strategic review
Ahead of looming continuation vote
-
AVI urges Hipgnosis shareholders to vote against ‘truly dreadful’ proposed portfolio sale
And will vote against continuation at 26 October AGM and EGM
-
Hipgnosis Songs scraps dividend after hit to expected royalty payments
Retroactive payments plummeted 54% to $9.9m (£8.1m) following an industry-wide decision by US Copyright Royalty Board
-
Jefferies: Hipgnosis shareholders could vote against portfolio sale
The trust’s shares are down 12% since the announcement last Thursday
-
Hipgnosis celebrates Mariah Carey hitting UK number one ahead of Christmas
Investment trust only recently acquired rights to All I Want for Christmas
-
Round Hill raises $282m with music royalty investment trust to rival Hipgnosis
Hipgnosis Song fund has raked in additional £850m since launch in 2018
-
Hipgnosis prodded to diversify away from Bieber to the classics
Music royalties investment trust makes most of its earnings from recent pop hits
