FTSE Russell confirms Hipgnosis Songs Fund Limited is to be added as a constituent of the FTSE 250 Index
The Board of Hipgnosis Songs Fund Limited and its Investment Adviser, The Family (Music) Limited, are pleased to announce that FTSE Russell has confirmed that Hipgnosis will be added as a constituent of the FTSE 250 Index effective from after the market close on 20 March 2020.
Merck Mercuriadis, Founder, said, “This is a tremendous achievement in only 20 months and I would like to thank our investors and our incredible songwriters for their belief and helping us to firmly establish proven SONGs as an asset class. We now have a strong track record in raising money, investing it in great songs, managing them well and paying dividends. We have a tremendous pipeline in place to continue, in what are very challenging times, to give the financial community access to these wonderful assets that have very low correlation to wider markets.”
For further information, please contact:
|The Family (Music) LimitedMerck Mercuriadis||Tel: +44 (0)1481 742742|
|N+1 Singer – Joint Corporate BrokerJames Maxwell / James Moat (Corporate Finance)Alan Geeves / James Waterlow / Sam Greatrex (Sales)||Tel: +44 (0)20 7496 3000|
|J.P. Morgan Cazenove – Joint Corporate BrokerWilliam Simmonds / Jérémie Birnbaum (Corporate Finance)James Bouverat (Sales)||Tel: +44 (0)20 7742 4000|
|The Outside OrganisationAlan Edwards / Nick Caley||Tel: +44 (0)7711 081 843|