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  "documentTitle": "Hipgnosis Songs Fund | Results Presentation Deck | 16 slides",
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  "authorName": "Hipgnosis Songs Fund",
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  "presentationDate": "2022-07-01 00:00:00",
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  "nDataPoints": 7,
  "notes": "The chart illustrates the reconciliation of NAV per share, highlighting fair value increases, net income, dividends, FX impact, and share issue costs.",
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      "kind": "chart",
      "text": "Operative NAV Bridge ($) from 1 April 2021 to 31 March 2022",
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      "kind": "disclaimer",
      "text": "* Net income reflects net revenue less operating expenses (excluding foreign exchange loss and amortisation of catalogues) less tax expense. ** Share issue costs reflect the costs of share issuances during the period.",
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      "text": "HIPGNOSIS",
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      "text": "9.5% uplift in FV as determined by Portfolio Independent Valuer; Streaming growth in excess of Valuer’s expectations increased baseline earnings in DCF models; Increase in expected revenues from alternative platforms; Dividends paid fully covered by LFCF; Discount rate maintained at 8.5%",
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