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Round Hill Music Royalty Fund Limited

RHMP

GG00BMXNVC81

Round Hill Music Royalty gets further portfolio valuation

April 13, 2023 at 11:52 am EDT

Round Hill Music Royalty Fund Ltd - Guernsey-based investor in music copyright assets - Announces further independent valuation report on its portfolio of music rights from FTI Consulting Inc. Notes valuation reaffirms findings of previous report by Citrin Cooperman. Adds FTI provided two valuations: one based on a transaction using financing with traditional bank debt and one financed through an asset backed securitisation structure. The first valued the portfolio excluding the Carlin interest at USD523 million, and USD587 million with the interest, 3% below the Citrin valuation. The second valued the portfolio at a total USD678 million, a 13% premium to the Citrin estimate. Josh Gruss, CEO of Round Hill Music LP, the company's investment manager, said the valuation "supports our strong view that the Round Hill Music portfolio is significantly undervalued by the market and therefore offers considerable upside potential".

Current stock price: USD0.63

12-month change: down 42%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Round Hill Music Royalty Fund Limited

Round Hill Music Royalty now owned by Alchemy Copyrights	23-10-31	AN
Alchemy Copyrights, LLC completed the acquisition of Round Hill Music Royalty Fund Limited from CCLA Investment Management Limited, Schroders plc, Brooks MacDonald Asset Management, Turtlegrass Partners LLC, Evergreen Partners, L.P. and others.	23-10-30	CI
Digital 9 dismisses call for strategic review	23-10-30	AN
Round Hill Music shareholders vote for Alchemy takeover	23-10-18	AN
Round Hill Music Royalty Fund Limited Announces Special Dividend, Payable on 27 October 2023	23-10-12	CI
Round Hill Music celebrates revenue rise on active music management	23-09-20	AN
Round Hill Music Royalty Fund Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-20	CI
Round Hill Music Royalty Fund Limited Intends to Declare Special Dividend	23-09-20	CI
Stocks mixed amid bleak UK labour report	23-09-08	AN
European stocks head towards longest losing run since 2016	23-09-08	RE
Round Hill Music shares surge on takeover offer from Alchemy	23-09-08	AN
UK jobs market slow; Round hill soars on takeover	23-09-08	AN
UK Stocks-Factors to watch on Sept. 8	23-09-08	RE
Round Hill Music agrees USD469 million takeover	23-09-08	AN
Alchemy Copyrights to buy Round Hill Music for about $469 mln	23-09-08	RE
Alchemy Copyrights Reaches Agreement To Buy Round Hill Music Royalty Fund	23-09-08	RE
Alchemy Copyrights, LLC signed an agreement to acquire Round Hill Music Royalty Fund Limited from CCLA Investment Management Limited, Schroders plc, Brooks MacDonald Asset Management, Turtlegrass Partners LLC, Evergreen Partners, L.P. and others for $470 million.	23-09-07	CI
Round Hill Music Royalty Fund Limited Declares A Dividend for the Quarter Ended 30 June 2023, Payable Gross on 15 September 2023	23-08-31	CI
Round Hill expands portfolio with Big Loud Shirt acquisition	23-08-08	AN
Round Hill Music Royalty Fund Takes Full Ownership of Big Loud Shirt Music Catalogue	23-08-08	MT
Round Hill Music first-quarter net revenue shoots up	23-07-13	AN
Round Hill Music Royalty Fund Limited Announces Revenue Results for First Quarter to 31 March 2023	23-07-13	CI
Round Hill Music Royalty Fund Limited Declares Dividend for the Quarter Ended 31 March 2023, Payable on 30 June 2023	23-06-15	CI
Round Hill Music hails longevity of musical hits amid quarterly rise	23-05-25	AN
Round Hill Music and Jadestone Energy swing to profit	23-04-25	AN

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Company Profile

Round Hill Music Royalty Fund Limited is a Guernsey-based investment company. The investment objective and principal activity of the Company 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. The Company invests in small to medium sized catalogues (typically 100-1,000 copyrights) that are diversified by artist, genre, decade, and royalty type. The Company also invests predominantly in classic, older copyrights with enduring appeal, and which experience consistent usage. Its portfolio is diversified by income stream and music genre, with value created through the management and commercialization of the repertoire through synchronization and monetization of music when used in content uploaded to various platforms. The Companyâs investment manager is Round Hill Music LP (Round Hill Music).

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Calendar

2024-09-24 - Q2 2024 Earnings Release (Projected)

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Round Hill Music Royalty Fund Limited

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RHMP

GG00BMXNVC81

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Round Hill Music Royalty gets further portfolio valuation

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