Vanguard Group Reports Holding in Hipgnosis Songs Fund

The Vanguard Group, Inc. disclosed its significant investment in Hipgnosis Songs Fund Limited, as detailed in their latest Form 8.3 filing. As of April 24, 2024, Vanguard holds an interest corresponding to approximately 1.18% of the company, quantifying their stake at 14,225,435 ordinary shares.

This disclosure follows Vanguard's purchase of additional shares, acquiring 8,036 shares at the price of 1.01 GBP per unit. Hipgnosis Songs Fund, the focused entity, attracts prominent investors like Vanguard due to its unique positioning in the music rights investment sector.

No derivatives transactions were reported; however, Vanguard’s straightforward equity purchase underscores the simple nature of their investment strategy in this scenario. The report also confirmed that there are no indemnity agreements, options, or closed dealings associated with the said securities.