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
Dividends
Unique data record identifier
9501
Submission date and time
28.04.2022 19:15:00
Content of announcement in Estonian
Title
Baltic Horizon Fund teeb investoritele väljamakse summas ligikaudu 1,56 miljonit eurot
Message
Northern Horizon Capital AS kui Baltic Horizon fondi (Fond) fondivalitseja võttis vastu otsuse teha osakuomanikele rahaline väljamakse ligikaudu 1.17% ulatuses Fondi 2022.a. esimese kvartali kaalutud keskmisest puhasväärtusest. Väljamakse suurus kokku on ligikaudu 1,56 miljonit eurot, mis ühe osaku kohta on 0,013 eurot. Väljamakse viimase 12 kuu jooksev tootlus kasvas 6.3%-ni, põhinedes Tallinna börsil oleva osaku esimese kvartali viimase päeva sulgemishinnal. 2022. aasta I kvartalis genereeris Fond tehingutest auditeerimata netorahavoogu 1,9 miljonit eurot. Fondi eesmärk on hoida GNCFi kvartaalne jaotusmäär 80% juures ning ülejäänud 20% reinvesteerida olemasolevatesse projektidesse, et suurendada tuleviku rahavooge ning objektide väärtusi. Fond on viimase 12 kuu renditulust kokku teinud väljamakseid 7,18 miljoni euro eest (1,32 miljonit eurot 2021.a. II kvartalist, 2,03 miljonit eurot 2021.a. III kvartalist, 2,27 miljonit eurot 2021.a. IV kvartalist ja 1,56 miljonit eurot 2022.a. I kvartalist). Väljamaksed Fondi arvelt tehakse 18. mai 2022.a. Ex-kuupäev on 13. mai 2022. Väljamakseid on õigus saada osakuomanikel, kes on registrisse kantud kui osakuomanikud 16. mai 2022.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 turukurvitarvituse määruse kohaselt. Informatsioon esitati avaldamiseks 28.04.2022 kell 19:15 Eesti aja järgi ülalmainitud avaldamiskanalite esindajatele.
Content of announcement in English
Title
Baltic Horizon Fund declares quarterly cash distribution of approx. EUR 1.56 million to investors
Message
Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 1.17% of the Fund's Q1 2022 weighted average net asset value to its unitholders. This equals approx. EUR 1.56 million in total and EUR 0.013 per unit. The pay-out represents an increased rolling distribution yield of 6.3% for the past 12 months based on the closing unit price on the last day of Q1 2022 on the Nasdaq Tallinn stock exchange. In Q1 2022, the Fund generated an unaudited Generated Net Cash Flow (GNCF) from operations of approx. EUR 1.9 million. The Fund aims to have the distribution rate at 80% of quarterly GNCF and reinvest the remaining 20% into ongoing projects to boost future cash flows and property values. In total, the Fund has paid out EUR 7.18 million from the operating results of the last twelve months (EUR 1.32 million from Q2 2021, EUR 2.03 million from Q3 2021, EUR 2.27 million from Q4 2021 and EUR 1.56 million from Q1 2022). Payments will be distributed from the Fund on 18 May 2022. The ex-date is on 13 May 2022. Unitholders entitled to receive distributions will be determined according to a unitholders list as of 16 May 2022 end of the business day in the 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=) 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. 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 19:15 EET on the 28th of April 2022.