The voting took place at a court and general meeting, both held yesterday (18 October), where 99.9% of votes were cast to approve the deal in both instances.
Round Hill Music sets out full terms of takeover scheme
The scheme required a majority of shareholders to vote in favour of the scheme, and shareholders representing around 69% of eligible votes took part to both meetings.
As a result, the takeover scheme will need to be sanctioned by the court - which is expected to take place on 30 October - with the scheme becoming effective from 31 October 2023.
Round Hill agreed the takeover offer in early September, which, at the time, represented a 67.3% premium to the $0.69 closing price on 7 September and an 11.5% discount to the economic NAV per share of $1.30 as of 8 September.
According to data from the Association of Investment Companies, the trust is currently trading at an 11.2% discount.