Hipgnosis Songs Fund - FTSE 250 Index Inclusion

05 March 2020 - Press release

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

FTSE 250 Index Inclusion

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.”