Royalties Inc. Acquires an Additional $500,000 in Shares of Music Royalties Inc.

Core Insights - Royalties Inc. has acquired an additional 1 million common shares of Music Royalties Inc. (MRI) for $500,000 at a price of $0.50 per share, increasing its total holdings in MRI to 4 million shares valued at $2 million [1] - MRI, a Toronto-based private company, specializes in acquiring passive music royalties and has a portfolio of 31 cash-flowing music royalties, generating a 7.2% annual yield and over $12 million in dividends since 2019 [1][6] - The acquisition is part of Royalties Inc.'s strategy to become cash flow positive by increasing its stake in MRI as more shares become available [1] Financial Performance - MRI has paid out over $12 million in 66 dividend payments since 2019, with an annual yield of 7.2% [1][6] - The acquisition will generate an annual dividend income of $144,000 for Royalties Inc. from its holdings in MRI [1] Future Plans - Royalties Inc. intends to acquire additional shares in MRI as they become available to enhance its cash flow position [1]