Market announcement
Baltic Horizon Fund / Northern Horizon Capital AS
LEI code
5299008IKT93E4SA0G49
Size of the entity
Small undertaking
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
8316
Submission date and time
20.10.2020 10:15:00
Content of announcement in Estonian
Title
Baltic Horizon Fund teeb investoritele kvartaalse väljamakse summas 0,026 eurot osaku kohta
Message
Baltic Horizon Fondi (Fond) fondivalitseja Northern Horizon Capital AS võttis vastu otsuse teha osakuomanikele rahaline väljamakse summas 0,026 eurot ühe osaku kohta. Väljamakse tehakse kõigile praegustele osakuomanikele ning uutele osakuomanikele, kes märgivad osakuid 8. oktoobrist 2020.a kuni 22. oktoobrini 2020.a toimuva Baltic Horizon Fondi uute osakute pakkumise raames. Väljamakse moodustab praegust Fondi osakute koguarvu arvestades ligikaudu 2.14% Fondi 2020.a kolmanda kvartali kaalutud keskmisest puhasväärtusest. Olenevalt osakute pakkumise tulemustest võib väljamakse osakaal suureneda kuni 2,79%-ni Fondi 2020.a kolmanda kvartali kaalutud keskmisest puhasväärtusest. Väljamakse viimase 12 kuu jooksev tootlus osaku kolmanda kvartali viimase päeva sulgemishinna põhjal Nasdaq Tallinna börsil on 7,5%. Fondi 2020.a III kvartali auditeerimata genereeritud neto rahavoog äritegevusest oli ligikaudu 2,68 miljonit eurot, mis ühe osaku kohta on 0,024 eurot. Fond on viimase 12 kuu renditulust teinud väljamakseid kokku 9,53 miljoni euro eest võttes arvesse praegust osakute koguarvu (3,18 miljonit eurot 2019.a IV kvartalist, 1,70 miljonit eurot 2020.a I kvartalist, 1,70 miljonit eurot 2020.a II kvartalist ja 2,95 miljonit eurot 2020.a III kvartalist). Väljamaksed Fondi arvelt tehakse 6. novembril 2020.a. Väljamakseid on õigus saada osakuomanikel, kes on osakuomanikena registrisse kantud 4. novembri 2020.a T2S arveldussüsteemi tööpäeva lõpu seisuga (Fikseerimispäev). Lisainformatsiooni saamiseks palume kontakteeruda: Tarmo Karotam Baltic Horizon Fond, fondijuht E-mail [email protected] www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=b3m46blAgVW1c08stUiNJ6CEYuP0f4V4PfDu NZbSU1_VmtWCOFJIkx0_tYXdUGjpErQuPjdm4rBdC5mah0zM_wQU6OWhvnZOiWzS8cve8OWVnv- MTBmLUZDbHTI_I4vau1o5ofaZkXgSJzHWK3Jtss377E3Tn_uMLH4R-P4dvAAZq2ADpfaCEoFHM4zuO- iTRaIQ3AhaHdrgEoLjfz0jcNg2W7xusrIxfdoWjUBehcPlC8X2- 9Ob70PmHAy4rsfHWloIbBR3qYSup_nAfCfqig==) Baltic Horizon Fond on registreeritud lepinguline avalik kinnine kinnisvarafond, mida valitseb alternatiivfondivalitseja Northern Horizon Capital AS. Avaldamine: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=b3m46blAgVW1c08stUiNJ6CEYuP0f4V4PfDu NZbSU19TpeQ2pn6- 7wvrn7oUSeA8K9EdxhZu1qHQTTrFcIO6CoDqUWpdYNpYZGfAW3Ej7mqoMTdjZX8lJ6TsqDDfpCmvZfl- q8UzYJgP0O3nYOqPPnJ2Mr9HQAZCSjzFnJtwERG3YFlx3RCv9rKccS5D8lNpkfYeGtgDu_9YNd2MnoF2 K1aNCTl3GPo5bDTWVdhmdddsUiHGxsJStEZg69Xaint06vFIGPdF6Xdq_RsRYsbZVw==) Käesolev teade sisaldab informatsiooni, mille Fondivalitseja on kohustatud avaldama Euroopa Liidu turukuritarvituse määruse kohaselt. Informatsioon esitati avaldamiseks 20.10.2020 kell 09:50 Eesti aja järgi ülalmainitud avaldamiskanalite esindajatele.
Content of announcement in English
Title
Baltic Horizon Fund declares quarterly cash distribution of EUR 0.026 per unit to investors
Message
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 [email protected] (https://www.globenewswire.com/Tracker?data=AlWmqb- vS8wwTu7sVX9kB9wyRefK_1bM1fBVupeSItdrWnwG8aESPNPlQsMM70fYBFWunfiyDaUZFDMQWp5n20- EwkSXgSV-JCdxqO7eo5Q=) 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 (https://www.globenewswire.com/Tracker?data=1jegeeeOqfAgyyV8B56w6trwSwgVQnQDdvJN 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.