Madison Avenue Partners, LP has disclosed a 1.54% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, includes the ownership of 18,621,841 1p Ordinary shares. The disclosure also confirms that there are no indemnity or option arrangements related to the relevant securities. Additionally, there are no agreements, arrangements, or understandings relating to options or derivatives. No supplemental form is attached to the disclosure, and the contact person for the disclosure is Chris Carroll, with a provided telephone number.