Round Hill Music Royalty Fund (LON: RHMP) is being acquired by Alchemy Copyrights for $1.15/share, which values the company at $468.8m. That was a premium of 67% to the previous market price. Shareholders will still receive the quarterly dividend of 1.125 cents/share and a special dividend of 0.5 cents/share.
There is an AIM-quoted alternative that provides exposure to music copyrights. This bid shows that the copyrights business was not fully appreciated by the market and this deal could make investors seek similar undervalued investments in the sector.
Increases in streaming demand and subsc...
