Hipgnosis Songs Fund Launches Strategic Review to Calm Investors’ Nerves ...Middle East

Hipgnosis Songs Fund’s board said on Thursday it was launching a strategic review of changes to its current management team and other options that could maximize shareholder value, as the company braces for a critical continuation vote next week. Hipgnosis Songs Fund’s (HSF) stock price hit an all-time low earlier this week after scrapping its upcoming shareholder dividend because of an accounting error that resulted in a nearly $12-million downward revision of certain expected streaming royalties. Shares in the company, which owns the rights to songs performed by Rihanna, Fleetwood Mac, The Pretenders and more,

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