Net asset value (NAV) of Baltic Horizon Fund (the Fund) unit as at end of
October 2019 amounted to 1.3230 EUR per unit. Compared to the previous month,
NAV decreased by -1.27%. The NAV decrease was mainly affected by a declared
dividend of EUR 3.06 million recognized in October 2019. Eliminating dividend
distribution effect to NAV, the NAV increase from operating performance and
positive cash flow hedge reserve movement during the month would have been
+0.75% compared to the previous month. The Fund earned an unaudited consolidated
net profit of EUR 1,125 thousand in October 2019, which is 9.1% higher than in
September 2019. Growth in the net profit is related to the acquisition of the
North Star Business Centre in Vilnius, Lithuania.
Additional information:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
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www.baltichorizon.com
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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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