Hipgnosis Songs Fund Limited Second Interim Dividend (8832N)

TIDMSONG

RNS Number : 8832N

Hipgnosis Songs Fund Limited

23 January 2019

23 January 2019

HIPGNOSIS SONGS FUND LIMITED

(the "Company" or "Hipgnosis")

Second Interim Dividend Announcement

Hipgnosis Songs Fund Limited is pleased to announce the Company's second interim dividend (the 'Dividend') for the period from 1 October to 31 December 2018.

The Dividend of 0.50 pence per Ordinary Share will be payable to Shareholders on the register as at 1 February 2019 with an associated ex-dividend date of 31 January 2019 and a payment date of 28 February 2019.

As set out in the Company's prospectus, Hipgnosis is targeting a dividend for the first 12 months following admission of 3.5 pence* and intends to pay interim quarterly dividends to shareholders in November, February, May and August.

* the target dividend is a target only and is not a profit forecast. There can be no guarantee that this target will be met and it should not be taken as an indication of the Company's expected or actual future results.

For further information, please contact:

 
 The Family (Music) Limited                     Tel: [phone] 
  Merck Mercuriadis 
 N+1 Singer                                     Tel: [phone] 
  James Maxwell / James Moat (Corporate          3000 
  Finance) 
  Alan Geeves / James Waterlow / Sam Greatrex 
  (Sales) 
 The Outside Organisation                       Tel: [phone] 
  Alan Edwards / Nick Caley                      3633 
 

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. In its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange's main market on 11 July 2018, the Company raised approximately GBP200m gross equity capital.

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, 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 [e-mail] or visit www.rns.com.

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January 23, 2019 04:24 ET (09:24 GMT)