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HPGSF / Hipgnosis Songs Fund: investors and analysts wait for answers after failed continuation vote

The failure of Hipgnosis Songs Fund's (LSE:SONG) continuation vote raises many questions for investors, though some investment bank analysts said it may come as a relief for some after the rush of conflicting news in recent weeks. First things first, the company will not automatically be wound up, but the failure to win what is normally a routine vote means the board now has six months to put forward proposals for the 'reconstruction, reorganisation or winding-up' of the fund, noting this could result in a partial, as opposed to a full, portfolio sale. Read More

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Posted: Oct 27 2023, 06:46

Author Name: Proactive Investors

HPGSF News

By Proactive Investors
October 27, 2023

Hipgnosis Songs Fund: investors and analysts wait for answers after failed continuation vote

The failure of Hipgnosis Songs Fund's (LSE:SONG) continuation vote raises many questions for investors, though some investment bank analysts said it

By Proactive Investors
October 26, 2023

Hipgnosis Songs shareholders vote against continuation, chairman given boot

Hipgnosis Songs Fund Limited (LSE:SONG) shareholders chose 'no' in a continuation vote and for the investment trust's chairman to go. A total of 83.2

By Proactive Investors
October 24, 2023

Hipgnosis would-be rival bidders say music rights are too expensive

Hipgnosis Songs Fund Limited (LSE:SONG) said it received a lukewarm reception for its tranche of music rights after shopping it around with would-be b

By Proactive Investors
October 20, 2023

Hipgnosis Songs shareholder calls for 'clean break' and removal of three directors

Hipgnosis Songs Fund Limited (LSE:SONG) shareholder Metage Capital has written a letter to other investors that recommends voting against three curr

By Proactive Investors
October 19, 2023

Hipgnosis Songs relationships 'breaking down', say analysts

The board of Hipgnosis Songs Fund (LSE:SONG) launching a strategic review today, including a potential break-up with founder Merck Mercuriadis' mana

By Proactive Investors
October 19, 2023

Hipgnosis Songs Fund launches strategic review

It looks like all options are on the table at the beleaguered Hipgnosis Songs Fund Limited (LSE:SONG) after it launched a strategic review. With that

By Proactive Investors
October 17, 2023

Hipgnosis Songs Fund meeting to face objections from major shareholders

Analysts and a major investor say that the upcoming Hipgnosis Songs Fund Limited (LSE:SONG) shareholder meeting might echo the Ella Fitzgerald song

By Proactive Investors
September 29, 2023

Hipgnosis Songs deal tweaks are 'helpful' but manager change is 'optimal solution'

Changes that Hipgnosis Songs Fund Limited (LSE:SONG) proposed to smooth shareholder acceptance of its proposed music rights sale to Blackstone are "

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