Skip to main content

Baltic Horizon Fund publishes its NAV for April 2020

Written by Customer Service on . Posted in Public Companies.

Net asset value (NAV) of Baltic Horizon Fund (the Fund) unit as at end of April 2020 amounted to 1.3366 EUR per unit. Compared to the previous month, NAV decreased by -0.64%. The NAV decrease was mainly affected by a declared dividend of EUR 1.70 million recognized in April 2020 and a 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 +0.48% compared to the previous month. EPRA NAV as at the end of April 2020 decreased to 1.4268 EUR per unit, corresponding a decrease of -0.56% over the last month. The Fund earned an unaudited consolidated net profit of EUR 734 thousand in April 2020.Northern Horizon Capital AS as the management company of Baltic Horizon Fund will continue to actively monitor the economic impact of the pandemic and assess the Fund‘s receivables and potential discounts for tenants. The COVID-19 virus outbreak will likely lead to additional provisions on the Fund‘s receivables during Q2 of 2020. At the end of April 2020, the Fund had a sufficient amount of cash (EUR 8,643 thousand) to cover its liquidity needs amid the COVID-19 pandemic.Additional information:  Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
www.baltichorizon.comThe 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

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.