Saba Capital Management, L.P. has disclosed a 1.60% interest in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Saba Capital Management, L.P. holds 19,369,294 ordinary shares in Hipgnosis Songs Fund Limited as of 18/04/2024. Additionally, the disclosure includes details of cash-settled derivative transactions, specifically a total return swap, where Saba Capital Management, L.P. reduced its long position by 19,000,000 securities at a price of .9146 per unit.

The disclosure also states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental Form 8 (Open Positions) is attached to the disclosure.

For any further public disclosures under Rule 8 of the Code, it is noted that they must be made to a Regulatory Information Service, and the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.

This disclosure provides insight into Saba Capital Management, L.P.'s significant interest in Hipgnosis Songs Fund Limited and its recent dealings in relevant securities, offering transparency in accordance with regulatory requirements.