The embattled Hipgnosis Songs fund (SONG) has initiated a strategic review as the upcoming vote on the continuation of the trust approaches.
In a stock exchange notice today (19 October), the Hipgnosis' board said it would be considering "all options" for the future of the trust, including a review of the future management arrangements of the trust, with the aim of maximising value for shareholders. However, it stressed that it was not envisioning any takeover or merger offers as part of the review. Hipgnosis pulls dividend as expected retroactive royalties halve The board added it had initially considered terminating its investment advisory agreement, but concluded it was not in shareholders' interest to do so, as ...
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