Hipgnosis Songs Fund Limited Maiden Investor Factsheet (7396L)
September 10 2019 - 2:02AM
UK Regulatory
TIDMSONG
RNS Number : 7396L
Hipgnosis Songs Fund Limited
10 September 2019
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
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