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  "documentTitle": "Hipgnosis Songs Fund | Results Presentation Deck | 22 slides",
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  "authorName": "Hipgnosis Songs Fund",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-09-01 00:00:00",
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  "notes": "The chart illustrates the bridge from Gross Proceeds to Realised transaction proceeds, compared against the Fair Value.",
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      "text": "FAIR VALUE DISCOUNT IS 20.4% (17.6% GROSS OF RTI)",
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      "text": "Fair Value as determined by Independent Valuer, does not account for transaction specific costs on sale i.e. comparable to Gross Proceeds less RTI - a 20.4% discount on sale to Hipgnosis Songs Capital",
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      "text": "Contingent liability anticipated of c.$5.5m fully provided for in the 31 March 2023 accounts, however not included within Fair Value",
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      "text": "All fees relate to Hipgnosis Songs Fund; no fees incurred on behalf of Hipgnosis Songs Capital or Hipgnosis Song Management",
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      "text": "Transaction fees estimated at $13.9 million - Board actively working to manage actual costs",
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      "text": "Transaction v Citrin Cooperman valuation",
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