Round Hill Music - Net Asset Value & Fact Sheet
26/01/2023 07:00
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230126:nRSZ8883Na&default-theme=true RNS Number : 8883N Round Hill Music Royalty Fund Ltd 26 January 2023 26 January 2023 ROUND HILL MUSIC ROYALTY FUND LIMITED (the "Company") Registration number: 68002 Legal Entity Identifier: 213800752UO1CJTV8C39 Unaudited quarterly Net Asset Value and factsheet Round Hill Music Royalty Fund is pleased to announce the unaudited Economic Net Asset Value as at 30 September 2022 was US$481.0 million (US$442.1 million:30 September 2021). This represents an Economic Net Asset Value per share of US$1.18 (US$1.06:30 September 2021). The Company's dividend cover was 0.9x 1 (#_ftn1) . Net revenue for the nine months to 30 September 2022 was up 38.3% year on year, to US$23.2 million. Net revenue for the quarter ending 30 September 2022 was up 133.3% year on year, to US$10.3 million. REVENUE (IFRS): QTD QTD YTD YTD YTD (US$ millions) Q3 2022 Q3 2021 Q3 2022 Q3 2021 % Change Royalty Income $13.4 $4.9 $27.5 $21.1 30.0% Royalty Expense $(4.0) $(1.2) $(6.7) $(5.8) 14.7% Investment Income $1.5 $0.9 $3.6 $1.9 85.4% Investment Expense $(0.7) $(0.2) $(1.2) $(0.5) 147.9% Total $10.3 $4.4 $23.2 $16.8 38.3% Round Hill Music Royalty Fund Limited has today published its quarterly factsheet to the end of December 2022. Copies can be downloaded from the Company's website: www.roundhillmusicroyaltyfund.com (http://www.roundhillmusicroyaltyfund.com) FOR FURTHER INFORMATION Round Hill Josh Gruss, Founder and CEO via Buchanan 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 Buchanan Charles Ryland +44 20 7466 5107 Henry Wilson +44 20 7466 5111 Hannah Ratcliff +44 20 7466 5102 JTC Mariana Enevoldsen +44 1481 702 485 Notes: Unless the context otherwise requires, capitalised terms used in this announcement have the meanings in the Company's prospectus published on 19 October 2020, as supplemented by a supplementary prospectus published on 3 November 2020. About Round Hill Music Royalty Fund Limited The Company is a non-cellular Guernsey company. The Company's investment objective is to provide investors with an attractive level of regular and growing income and capital returns from investment primarily in high quality, music intellectual property. In order to achieve this, the Company invests in a songwriter's copyright interest in a musical composition or song (being their writer's share, their publisher's share and their performance rights) together with the rights in the recording of the musical composition or song (known as the master recording rights) together with all such rights and assets considered by its investment manager, Round Hill Music LP, to be ancillary thereto. About Round Hill Music LP Founded in 2010, Round Hill Music LP is a fully integrated owner and operator of music copyright properties. With offices in Nashville and London, Round Hill Music LP has an experienced management and investment team with an established reputation and extensive experience in the music and finance industries. 1 (#_ftnref1) In the first half of 2022, the Company successfully deployed the remainder of the C Share capital through the acquisitions of David Coverdale and Alice In Chains catalogues. Following the completion of the acquisitions, the C Shares were converted into new Ordinary Shares and received a full dividend in relation to the quarter ending 31 March 2022. Due to the lag in receipt of royalty payments, revenues from these catalogues are expected to begin to be reflected in late 2022. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NAVFLFITLTIEFIV