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FYI

The FYI Music News Holiday Schedule

This is our final newsletter before Wednesday, July 3. Between then and now, team FYI wishes all our readers the very best on the Canada Day long weekend.

The FYI Music News Holiday Schedule

By FYI Staff

This is our final newsletter before Wednesday, July 3. Between then and now, team FYI wishes all our readers the very best on the Canada Day long weekend.

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Hipgnosis Songs Fund logo
Pavlo Gonchar/SOPA Images/LightRocket/Getty Images

Hipgnosis Songs Fund logo

Business News

Hipgnosis Slashes Valuation of Portfolio By 26%

The London-listed fund said it will focus on paying down debts and therefore extend its pause on paying dividends.

LONDON — Hipgnosis Songs Fund has cut the value of its portfolio by more than a quarter and told investors that it does not intend to recommence paying dividends “for the foreseeable future” as it focuses on paying down debts.

The London-listed fund, which owns full or partial rights to the song catalogs of Red Hot Chili Peppers, Neil Young, Justin Bieber and Blondie, among many others, announced the updated valuation on Monday (March 4).

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