REG - Round Hill Music - Dividend Declaration

Round Hill Music Royalty FundAnnouncement

15/06/2023 07:00

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RNS Number : 7423C  Round Hill Music Royalty Fund Ltd  15 June 2023

15 June 2023

 

ROUND HILL MUSIC ROYALTY FUND LIMITED

(the "Company")

 

Registration number 68002

Legal Entity Identifier: 213800752UO1CJTV8C39

 

Dividend Announcement

 

 

The Company is pleased to announce that the Board of Directors has declared a
dividend of USD0.01125 per Ordinary Share for the quarter ended 31 March 2023.
The Company has elected, under the provisions of UK Statutory Instrument
2009/2034, to designate the full dividend for the three month period to 31
March 2023 as an interest distribution to its shareholders.

The dividend will be paid gross on Friday, 30 June 2023 to holders of Ordinary
Shares on the register on Friday, 23 June 2023. The ex-dividend date is
Thursday, 22 June 2023.

The Company continues to anticipate paying to holders of Ordinary Shares an
annualised dividend of 4.5 per cent. by reference to the Company's initial
Issue Price of USD1.00, for the financial period to 31 December 2023.

 

   FOR FURTHER INFORMATION

 Round Hill
 Josh Gruss, Founder and CEO     via Fourth Pillar  below
 Steve Clark, COO

 Cenkos
 Sales:
 Justin Zawoda-Martin            +44 20 7397 1923
 Daniel Balabanoff               +44 20 7397 1909
 Andrew Worne                    +44 20 7397 1912

 Corporate:
 James King                      +44 20 7397 1913
 Will Talkington                 +44 20 7397 1910

  Fourth Pillar (Financial PR)
  Claire Turvey                  +44 7850 548 198 / claire@thefourthpillar.co.uk
  Lynne Best                      +44 7763 619709 / lynne@thefourthpillar.co.uk
  Tomas Nevrkla                   +44 7963 548865 / tomas@thefourthpillar.co.uk

 JTC

 Mariana Enevoldsen              +44 1481 702 485

 

Notes:

About Round Hill Music Royalty Fund Limited

Round Hill Music Royalty Fund invests in high quality, evergreen music
catalogues that have proven longevity and revenue streams, with the aim of
providing investors with an attractive level of regular and growing income and
capital returns, underpinned by the positive structural drivers of the global
music industry.

The portfolio, valued at US$602.6 million 1  (#_ftn1) as at 31 December 2022,
is diversified by income stream and music genre, with value created through
the proactive and careful management and commercialisation of the repertoire
through synchronisation (placement in films, television series and brand
campaigns); licensing; data cleaning; and distribution (including across
platforms such as Amazon Music, Apple Music, Deezer, and Spotify).

Its 51 catalogues, totalling over 120,000 songs, include music performed by
artists such as Alice in Chains, Bonnie Tyler, Bruno Mars, Céline Dion, Lady
A, Louis Armstrong, The Offspring, The Supremes, Whitesnake and Wilson
Pickett.

The portfolio of rights includes copyright interests in a musical composition
or song (which can be the writer's share, publisher's share and/or performance
rights), the rights to the recording of a musical composition or song (the
master recording rights), as well as music rights and assets that meet the
Company's investment strategy and objectives.  The Company is a non-cellular
Guernsey company.

A playlist of RHM's top 50 earners can be listened to on Spotify here
(https://open.spotify.com/playlist/4P46C6opRHt0reXwyy7dRt?si=ad5e135307ec4a14&nd=1)
. We recommend it served loud.

About Round Hill Music LP (the Investment Manager)

Founded in 2010, Round Hill Music LP is a fully integrated owner and operator
of music copyright properties. It currently manages 150+ catalogues, totalling
330,000+ songs with a combined value of c.US$1.2 billion.

With c.70 employees located in the major music and entertainment markets of
Nashville, New York, Los Angeles and London, Round Hill Music LP has an
experienced management and investment team with an established reputation and
extensive expertise in the music and finance industries.

 

 

 

 1  (#_ftnref1) Includes net recoupable advances to songwriters of US$3.8
million.

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