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Hipgnosis Halts Dividends as Reorganization Looms
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Hipgnosis, a music royalty fund, has decided to halt dividends until its new fiscal year to ensure sufficient cash resources. The company recently rejected a $440 million deal to sell its catalogues, and it needs to propose a reorganization or wind up within six months. Additionally, 10 out of the company's 146 catalogues are likely to meet performance hurdles.
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How might the rejection of the $440 million deal impact Hipgnosis's financial position?
What are the potential consequences if Hipgnosis fails to reorganize or wind up within six months?
What strategies can Hipgnosis employ to ensure the performance of its catalogues?
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