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Over the past year, the bank has sold interests in a cellular-telephone operator, an investment bank and small savings banks to shore up its profits.
Mr. Peace, whose background is in technology, started the Royalty Exchange in 2011 with two others after first trying a similar idea with SongVest, which sold interests in songs as high-priced memorabilia items for fans.
Mr. Kram declined to identify individuals who had sold interests to the company, or which titles were among the 119 movies and five television series to which it now holds rights.
The farm has sold horses it has bred at yearlings sales — WinStar fetched $3.1 million at Keeneland in 2002 from Ireland-based Coolmore Stud for the eventual European champion One Cool Cat. WinStar has sold interests in horses en route to the Triple Crown trail — in 2008, it sold 50 percent of Court Vision to International Equine Acquisitions Holdings for several million dollars.
Priory has also sold interests in power plants Duke has developed in Ohio, Indiana and Texas at prices higher than what the plants cost Duke to build.
Similar(55)
When bonds are sold, interest accrued since the previous interest-due date is added to the sale price.
Not true he has sold interest in American Mercury, nor severed relations with H.L. Mencken, nor going to Italy to write novel.
£500m of losses for compensating small businesses who were wrongly sold interest rate hedging products.
The FSA will now contact other banks which sold interest rate hedging products to see if similar mis-selling practices went on.
Dealers, issuers and corporate treasurers sold interest-rate swaps as a hedging vehicle but found no one willing to take the other side of the trade.
* Guardian Care Homes says wrongly sold interest rate swaps.
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