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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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  "presentationDate": "2023-09-01 00:00:00",
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  "notes": "The slide highlights a shift in fee structure, specifically introducing lower tiers for higher market capitalization levels.",
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      "text": "Advisory fee payable to the Investment Adviser by reference to the share price (not NAV) will be amended to include lower additional tiers if the First Disposal to Hipgnosis Songs Capital is completed to: Lower ongoing operating costs; Maintain the Investment Adviser's alignment with the Company's share price performance",
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      "text": "Proposed Advisory Fee: I. 1 per cent. per annum of the Average Market Capitalisation up to, and including, £250 million, which is unchanged; II. 0.90 per cent. per annum of the Average Market Capitalisation in excess of £250 million and up to, and including, £500 million, which is unchanged; III. 0.80 per cent. per annum of the Average Market Capitalisation in excess of £500 million and up to, and including, £750 million, which is unchanged; IV. 0.70 per cent. per annum of the Average Market Capitalisation in excess of £750 million and up to, and including, £1 billion, which is new; and V. 0.60 per cent. per annum of the Average Market Capitalisation in excess of £1 billion, which is new",
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