Announcement View
Company Baltic Horizon Fund / Northern Horizon Capital AS
Type Company Release
Category Other corporate action
Publicize date 15 May 2024 20:30:00 +0300
Languages
Kell English
Currency
Title Baltic Horizon Fund publishes its NAV for April 2024
Content
The  net  asset  value  (NAV)  per  unit  of  the Baltic Horizon Fund (the Fund)
amounted  to EUR 0.9078 at the end of  April 2024 (0.9087 as of 31 March 2024).
The  month-end  total  net  asset  value  of  the Fund was EUR 108.6 million and
remained at a similar level compared to the prior month (EUR 108.7 million as of
31 March 2024). The EPRA NRV as of 30 April 2024 stood at EUR 0.9490 per unit.

The Fund has earned a consolidated net rental income of EUR 1.0 million in April
2024 (EUR  1.0 million in March  2024). In April, the  Fund's rental income with
LNK  Industries SIA in S27  came to an end.  During April, the Fund signed lease
agreements  with new anchor tenant MyFitness in Galerija Centrs and Apollo Group
in  Coca-Cola Plaza for approx. 2,000 sq.  m and 2,200 sq. m respectively. These
and  other recent leases  will start to  gradually increase the  NOI of the Fund
over Q2 2024 - Q1 2025 as the tenants move in.

At  the end  of April  2024, the Fund's  consolidated cash  and cash equivalents
amounted  to EUR 6.8 million  (31 March 2024: EUR  12.5 million). As of 30 April
2024, the total consolidated assets of the Fund were EUR 263.0 million (31 March
2024: EUR  268.3 million). The decrease  is mainly related  to a cash outflow of
EUR  4.5 million in  April 2024 for  the partial  early repayment  of short-term
bonds.

For additional information, please contact:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
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Baltic Horizon Fund is a registered contractual public closed-end real estate
fund managed by Alternative Investment Fund Manager license holder Northern
Horizon Capital AS. Both the Fund and the Management Company are supervised by
the Estonian Financial Supervision Authority.

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To  receive Nasdaq  announcements and  news from  Baltic Horizon  Fund about its
projects,     plans     and     more,    register    on    www.baltichorizon.com
(https://www.baltichorizon.com/).  You  can  also  follow  Baltic  Horizon  Fund
on www.baltichorizon.com   (https://www.baltichorizon.com/)   and   on  LinkedIn
(https://www.linkedin.com/company/baltic-horizon/),                     Facebook
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and YouTube (https://www.youtube.com/@baltichorizon/featured).