Net asset value (NAV) of Baltic Horizon Fund (the Fund) unit as of end of August
2019 amounted to 1.3253 EUR per unit. Compared to previous month, NAV decreased
by -1.47%. The NAV decrease was mainly affected by declared dividend of EUR
2,62 million recognized in August 2019 and negative cash flow hedge reserve
movement during the month. Eliminating dividend distribution effect to NAV, the
NAV increase from operating performance and negative cash flow hedge reserve
movement during the month would have been +0.46% compared to previous month. The
Fund earned unaudited consolidated net profit of EUR 1,120 thousand in August
2019.
Additional information:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
(https://www.globenewswire.com/Tracker?data=uMlftpVUP59vcFGbVHHzr_KcjChy3SCrD-
dLLbKTf0tYKkwB7G6reju32f7rd8ox82AC6Fn9dBPVvf3Ds42Jh3HUJLP5jcLLX8sWJsVvChk=)
www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=GSQVye1bgzTst_zGKIpP26VIk1zPIzIgVMWj
ti3i1cf-4E0NoN4fd-0Tfskl1CsTlTHoZAL_uWoEIZ8vsfyPcNQbnnYeu2x_1pKetGZPyYM=)
The 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. Both the Fund and the Management Company are supervised by the
Estonian Financial Supervision Authority.
Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm,
www.baltichorizon.com
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