Ahead of next week’s continuation vote, the London-listed fund’s board says it explored firing its investment advisor, run by fund founder Merck Mercuriadis.
Ahead of next week’s continuation vote, the London-listed fund’s board says it explored firing its investment advisor, run by fund founder Merck Mercuriadis.
Roughly 99% of the shareholders who voted supported the sale.
The singer-songwriter joins his Crosby, Stills & Nash bandmates at IAG.
The London-listed trust founded by Merck Mercuriadis withdraws its October payment to investors because of lower estimates on income from the Copyright Royalty Board’s Phonorecords III decision
Along with bolstering its sagging share price, the sale is aimed at convincing investors to back the fund for five more years.
That includes 29 catalogs worth $440 million that the London-listed fund’s board has agreed to sell to the Blackstone-backed Hipgnosis Songs Capital.
Iconic Artists Group co-founder Irving Azoff and the late Fogelberg were college friends who came to LA together to find their fortunes.
The acquisition includes his publishing interest in collaborations with Justin Bieber, Pharrell Williams and others.
Helen Grant, the daughter of the band’s late manager Peter Grant, is reportedly shopping her stake — and she could be in for a financial windfall.
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