Hipgnosis Songs Fund Limited Maiden Investor Factsheet (7396L)

TIDMSONG

RNS Number : 7396L

Hipgnosis Songs Fund Limited

10 September 2019

Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company")

Maiden Investor Factsheet

The Board of Hipgnosis Songs Fund Limited and its Investment Adviser, The Family (Music) Limited, announce that the Company has today issued its maiden Investor Factsheet for August 2019.

A copy of the Factsheet can be found on the link below and will shortly be available from the Company's website at www.hipgnosissongs.com.

http://www.rns-pdf.londonstockexchange.com/rns/7396L_1-2019-9-9.pdf

Portfolio Update

As at 31 August 2019, the Company has invested approximately GBP314 million through the acquisition of 27 Catalogues on a blended acquisition multiple of 12.84x historic annual net income, resulting in interests in 7,475 Songs.

For further information, please contact:

 
 Estera International Fund Managers (Guernsey)   Tel: +44 (0)1481 742742 
  Limited 
  Mariana Enevoldsen

NOTES TO EDITORS

About Hipgnosis Songs Fund Limited

(www.hipgnosissongs.com)

Hipgnosis, which was founded by Merck Mercuriadis, is a Guernsey registered investment company established to offer investors a pure-play exposure to songs and associated musical intellectual property rights. The Company has raised a total of approximately GBP395 million (gross equity capital) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange's main market on 11 July 2018, and subsequent placings in April 2019 and August 2019.

About The Family (Music) Limited

The Company's Investment Adviser is The Family (Music) Limited, which was founded by Merck Mercuriadis, former manager of globally successful recording artists, such as Elton John, Guns N' Roses, Morrissey, Iron Maiden and Beyoncé, and hit songwriters such as Diane Warren, Justin Tranter and The-Dream, and former CEO of The Sanctuary Group plc. The Investment Adviser has assembled an Advisory Board of highly successful music industry experts which include award winning members of the artist, songwriter, publishing, legal, financial, recorded music and music management communities, all with in-depth knowledge of music publishing. Members of The Family (Music) Limited Advisory Board include Nile Rodgers, The-Dream, Giorgio Tuinfort, Starrah, Nick Jarjour, David Stewart, Bill Leibowitz, Ian Montone, and Jason Flom.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

PFUXKLLBKKFXBBV

(END) Dow Jones Newswires

September 10, 2019 02:02 ET (06:02 GMT)

Hipgnosis Songs (LSE:SONG)
Historical Stock Chart
From Jun 2024 to Jul 2024