Shareholders will vote on the deal on Thursday, alongside a vote on continuation of the fund itself. Relations with shareholders weren’t helped when Hipgnosis revealed earlier this month that it must pull its dividend, as a result of a lower-than-expected windfall from a current US Copyright Royalties Board choice on streaming royalties meant it couldn’t hand the cash again to shareholders with out breaching agreements with its lenders.
Content Source: www.customary.co.uk