Round Hill looks to raise $375m for Hipgnosis competitor
Round Hill Music Royalty Fund
Round Hill Music has rights to music from artists such as The Rolling Stones. Photo: Raph_PH/Flickr CC BY 2.0
Round Hill Music is targeting a $375m raise for its new music royalties investment trust as it looks to invest in a portfolio of songs from artists such as The Beatles, The Rolling Stones and Backstreet Boys.
Round Hill Music Royalty Fund will aim to provide investors with total returns of 9% to 11%, including a dividend yield of 4.5%. The firm said the returns would be largely uncorrelated to equity market...
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