Also this week: BMG makes a pair of catalog acquisitions, a new SPAC is announced and more.
The Songwriters Hall of Fame inductee has co-written such instantly recognizable hits as “Tears In Heaven,” “Looks Like We Made It” and “Up Where We Belong.”
The London-listed fund said the $23.1 million sale would be used to pay down debt.
Higher interest rates pulled valuations down while streaming and publishing growth pushed valuations higher, according to a report from Shot Tower Capital.
The company also purchased a share of Pat Benatar and Neil Giraldo's publishing and recorded music assets.
The deal includes such hits as "Buy Dirt," "What My World Spins Around" and "Next Thing You Know."
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.
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.