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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 the portfolio optimization strategy, including valuation premiums and the Go-Shop process.",
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      "text": "REMAINING PORTFOLIO EXPECTED TO HAVE HIGHER MEDIUM TERM GROWTH",
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      "text": "First Disposal reflects: 18.3x PFAR multiple; 17.6x PFAR multiple including RTI; 44% Total Return; 26% premium over acquisition price; 51% premium to valuation implied by 30-day average market capitalisation.",
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      "text": "Sale of 29 music catalogues for $440 million, post transaction Hipgnosis Songs Fund will: Retain 81% of its existing portfolio; Have higher concentration of classic songs; Have increased focus on older vintages.",
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      "text": "Go-Shop process for good governance and to allow for third party Superior Offer to be made",
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