Reservoir Media, Inc. Special Committee Retains Financial Advisor and Independent Legal Counsel

Reservoir Media's Special Committee retained Morgan Stanley and Wachtell Lipton as financial and legal advisors to evaluate non-binding proposals from Irenic Capital Management and the Richmond Hill/Wesbild group. The company emphasized that it does not intend to comment further on the process unless it determines additional disclosure is appropriate, and there is no assurance a definitive agreement will be reached.

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