Northern Horizon Capital AS and Nordic Issuing AB, a Swedish licenced investment
firm entered into a framework agreement to explore the possibilities of issuing
Swedish Depositary Receipts (?SDR") representing Baltic Horizon Fund units on
the Swedish market.
According to the framework agreement, after legal and technical due diligence of
the intended structure, Nordic Issuing AB would act as the issuing agent of the
SDR-s and safekeep Baltic Horizon Fund units to be represented by the SDR-s.
The cooperation and intended issuance of SDR-s is planned in response to
Euroclear Sweden AB-s decision to terminate the affiliation agreement for
keeping Baltic Horizon Fund units registered with its book entry system in
Sweden, taking place due to a strategic decision by Nordea Bank Abp to exit its
Nordic sub-custody business. Baltic Horizon Fund informed the investors of the
termination on 29 September 2021. Northern Horizon Capital AS and Nordic Issuing
AB are determined to work towards having the alternative solution in place for
the Swedish investors before the termination of Euroclear agreement.
For additional information, please contact:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
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www.baltichorizon.com
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Baltic Horizon Fund is a registered contractual public closed-end real estate
fund that is managed by Alternative Investment Fund Manager license holder
Northern Horizon Capital AS.
Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq
Stockholm, www.baltichorizon.com
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