Northern Horizon Capital AS as the management company of Baltic Horizon Fund
(the Fund) has approved a cash distribution of EUR 0.026 per unit to its
unitholders. The cash distribution will be made to all current unitholders and
new unitholders who subscribe units in the offering of new Baltic Horizon Fund
units between 8 October 2020 and 22 October 2020.
The cash distribution equals to approx. 2.14% of the Fund's Q3 2020 weighted
average net asset value based on the total amount of currently outstanding Fund
units. Depending on the results of the offering, cash distribution might
increase up to 2.79% of the Fund's Q3 2020 weighted average net asset value. The
pay-out also represents a 7.5% rolling distribution yield for the past 12 months
based on the closing unit price of the last day of Q3 2020 on Nasdaq Tallinn
stock exchange.
In Q3 2020, the Fund generated an unaudited Generated Net Cash Flow from
operations of approx. EUR 2.68 million and EUR 0.024 per outstanding unit. In
total, the Fund's distributions from the operating results of the last twelve
months would be equal to EUR 9.53 million based on the currently outstanding
Fund units (EUR 3.18 million from Q4 2019, EUR 1.70 million from Q1 2020, EUR
1.70 million from Q2 2020 and EUR 2.95 million from Q3 2020).
Payments will be distributed from the Fund on 6 November 2020. Unitholders
entitled to receive distributions will be determined according to a unitholders
list as of 4 November 2020 end of the business day in T2S settlement system
(Record date).
For additional information please contact:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
(https://www.globenewswire.com/Tracker?data=AlWmqb-
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www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=1jegeeeOqfAgyyV8B56w6trwSwgVQnQDdvJN
0zZBKv0TUNzwEVUM5aDSFdipkiXlN4cI8xj_bQGi2UGnLuWal2PSMy4hEjo8ciW9xO__hQE=)
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.
Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm,
www.baltichorizon.com
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0zZBKv0TUNzwEVUM5aDSFdipkiXlN4cI8xj_bQGi2UGnLuWal2PSMy4hEjo8ciW9xO__hQE=)
This announcement contains information that the Management Company is obliged to
disclose pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the above distributors, at
09:50 EET on 20 October 2020.
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