Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Round Hill Music Royalty Fund Ltd - New York-based music copyright investment company - Since raising USD86.5 million through the C share issue, has identified a near term pipeline worth in excess of USD120 million in investment opportunities, and includes music publishing, master recordings and neighbouring rights.
Now that the proceeds from the C share issue have been fully invested, company will now start the process to convert C shares into ordinary shares.
"We are delighted to announce the successful completion of the company's deployment from the recent C Share Issue into eleven high quality catalogues with many well-known songs, and to provide further disclosure on the quality of those acquisitions. Reflecting the company's broader portfolio and investment philosophy of preferring catalogues with proven long-term revenue streams, over 77 per cent of the income generated is in respect of compositions written between 1950 and 2010," said Chair Trevor Bowen.
Current stock price: USD1.06
12-month change: up 1.0%
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.