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Round Hill Music Royalty Fund

LN: RHM

Market Cap$350.7m

Last Close $1.06

Round Hill Music Royalty Fund’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. To achieve this objective, it seeks to invest in a songwriter’s copyright interest in a musical composition or song, together with the rights in the recording of these (known as the master recording rights), along with all other rights and assets considered relevant by the manager.

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Investment summary

Round Hill Music Royalty Fund (RHMRF) was launched in November 2020. Its fund manager, Round Hill Music LP, established in 2010, manages over $900m (at end June 2021) and is one of the largest global music asset owners, consistently a top 10 Billboard Top Publisher. RHMRF benefits from Round Hill’s industry expertise and fully integrated business owning and exploiting music copyright assets. It focuses on mature catalogues (90% of its songs are over 10 years old) and high growth-potential master rights (c 23% of portfolio at June 2021). We believe RHMRF’s assets to be high quality, with strong potential to provide reliable and growing revenues given the momentum in streaming and potential of new channels.

Content on Round Hill Music Royalty Fund
Round Hill Music Royalty Fund – Music and finance in harmony
Investment companies | Initiation | 17 August 2021
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Share price graph
Price performance
%
1m
3m
12m
Actual (0.7) 1.7 N/A
Relative* (0.6) (0.3) N/A
52-week high/low 1.1p/1.0p
*% relative to local index
Key management
Channing Lushbough President and portfolio manager