Tag: $Hipgnosis Songs Fund

Shares of the FTSE 250 constituent were 31% higher at 8:30 a.m. U.K. time Thursday.

Hipgnosis Songs Fund has delayed the release of its first-half results after the music rights owner expressed concern over the value of its assets.

Nov 6 (Reuters) – Hipgnosis Songs Fund Ltd which had been undertaking a review of its financial position, said on Monday it would not declare dividends before its new fiscal year starting April 1 to save cash.

Hipgnosis Songs Fund is planning to sell 29 catalogues to Hipgnosis Songs Capital for $440 million and a portfolio of non-core songs for $25 million to fund a share buyback program and reduce debt, as part of a plan to boost its share price.