Unit background information
| Name of security | Fund units of Baltic Horizon |
| Ticker | NHCBHFFT / NHCBHFFS |
| Listing date | 6 July 2016 Nasdaq Tallinn / 23 December 2016 Nasdaq Stockholm |
| Regulated market | Nasdaq Tallinn stock exchange, Fund list / Nasdaq Stockholm stock exchange, AIF list |
| ISIN | EE3500110244 |
| Number of units | 78,752,800 |
| Management Company | Northern Horizon Capital AS |
Distributions
Baltic Horizon Fund aims to pay out at least 80% of its free cash flow as distributions as prescribed in the Fund rules. Annual distribution target is 7-9% paid on a quarterly basis.
| year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2016 | 0.026 EUR/unit | 0.024 EUR/unit | ||
| 2017 | 0.023 EUR/unit | 0.018 EUR/unit | 0.020 EUR/unit | 0.023 EUR/unit |
| 2018 | 0.024 EUR/unit | 0.025 EUR/unit |
Buy-back transactions overview
On the 19th of June 2018 annual general meeting of Baltic Horizon Fund unitholders approved the establishment of the buy-back program. The buy-back program duration will be until 19th June 2019 in the course of which the Fund could acquire up to 5 million units for up to EUR 5 million. Management company shall cancel the units acquired during the program within 3 months. The buy-back will be carried out via Nasdaq Tallinn stock exchange by SEB Pank AS on behalf of the Fund.
| Date | Amount of units bought back | Average unit price, EUR | Total cost, EUR |
|---|---|---|---|
| 01.08.2018 | 3955 | 1,3000 | 5 141,50 |
| 02.08.2018 | 997 | 1,2900 | 1 286,13 |
| 03.08.2018 | 2532 | 1,2900 | 3 266,28 |
| 06.08.2018 | 2611 | 1,2970 | 3 386,47 |
| 07.08.2018 | 2742 | 1,2924 | 3 543,76 |
| 08.08.2018 | 2855 | 1,2970 | 3 702,94 |
| 09.08.2018 | 2989 | 1,2980 | 3 879,72 |
| 10.08.2018 | 3281 | 1,2825 | 4 207,88 |
| 13.08.2018 | 3659 | 1,2848 | 4 701,08 |
| 14.08.2018 | 4170 | 1,2800 | 5 337,60 |
| 15.08.2018 | 3366 | 1,2770 | 4 298,38 |
| 16.08.2018 | 4281 | 1,2810 | 5 483,96 |
| 17.08.2018 | 3578 | 1,2900 | 4 615,62 |
| 20.08.2018 | - | - | - |
| 21.08.2018 | 3614 | 1,2800 | 4 625,92 |
| 22.08.2018 | 1286 | 1,2800 | 1 646,08 |
| 23.08.2018 | 4010 | 1,2801 | 5 133,20 |
| 24.08.2018 | 4373 | 1,2900 | 5 641,17 |
| 27.08.2018 | 4661 | 1,2800 | 5 966,08 |
| 28.08.2018 | 5385 | 1,2900 | 6 946,65 |
| 29.08.2018 | 328 | 1,2751 | 418,23 |
| 30.08.2018 | 5640 | 1,2752 | 7 192,13 |
| 31.08.2018 | 5332 | 1,2755 | 6 800,97 |
| 03.08.2018 | 5517 | 1,2750 | 7 034,18 |
| 04.08.2018 | 5826 | 1,2800 | 7 457,28 |
| 05.08.2018 | 5772 | 1,2750 | 7 359,30 |
| 06.08.2018 | 10134 | 1,2810 | 12 981,65 |
| 07.08.2018 | 10592 | 1,2710 | 13 462,43 |
| 10.08.2018 | 11688 | 1,2826 | 14 991,03 |
| 11.08.2018 | 11208 | 1,2839 | 14 389,95 |
| 12.08.2018 | 11158 | 1,2898 | 14 391,59 |
| 13.08.2018 | 11236 | 1,2850 | 14 438,26 |
| 14.08.2018 | 3000 | 1,2870 | 3 861,00 |
| 17.08.2018 | 11324 | 1,2909 | 14 618,15 |
| 18.08.2018 | 11300 | 1,2950 | 14 633,50 |
| 19.08.2018 | 11164 | 1,3082 | 14 604,74 |
| 20.08.2018 | 11701 | 1,3100 | 15 328,31 |
| 21.08.2018 | 11458 | 1,3098 | 15 007,69 |
| 24.09.2018 | 11445 | 1,3100 | 14 992,95 |
| 25.09.2018 | 11688 | 1,3000 | 15 194,40 |
| 26.09.2018 | 12163 | 1,2999 | 15 810,68 |
| 27.09.2018 | 12362 | 1,3000 | 16 070,60 |
| 28.09.2018 | 12021 | 1,2905 | 15 513,10 |
| 01.10.2018 | 12288 | 1,3097 | 16 093,59 |
| 02.10.2018 | 3800 | 1,3097 | 4 976,86 |
| 03.10.2018 | 12462 | 1,3150 | 16 387,53 |
| 04.10.2018 | 8210 | 1,3150 | 10 796,15 |
| 05.10.2018 | 8215 | 1,3150 | 10 802,73 |
| 08.10.2018 | 8194 | 1,3200 | 10 816,08 |
| 09.10.2018 | 10383 | 1,3160 | 13 664,03 |
| 10.10.2018 | 9604 | 1,3194 | 12 671,52 |
| 11.10.2018 | 10079 | 1,3195 | 13 299,24 |
| 12.10.2018 | 10908 | 1,3100 | 14 289,48 |
| 15.10.2018 | 0 | 0,0000 | 0,00 |
| 16.10.2018 | 10563 | 1,3111 | 13 849,15 |
| 17.10.2018 | 0 | 0,0000 | 0,00 |
| 18.10.2018 | 10523 | 1,3111 | 13 796,71 |
| 19.10.2018 | 10663 | 1,3120 | 13 989,86 |
| 22.10.2018 | 10664 | 1,3120 | 13 991,17 |
| 23.10.2018 | 10036 | 1,3100 | 13 147,16 |
| 24.10.2018 | 9413 | 1,3050 | 12 283,97 |
| 25.10.2018 | 10044 | 1,3050 | 13 107,42 |
| 26.10.2018 | 2738 | 1,2900 | 3 532,02 |
| 29.10.2018 | 0 | 0,0000 | 0,00 |
| 30.10.2018 | 9826 | 1,3030 | 12803,28 |
| 31.10.2018 | 9178 | 1,3016 | 11946,08 |
| 01.11.2018 | 9564 | 1,3100 | 12 528,84 |
| 02.11.2018 | 9147 | 1,3000 | 11 891,10 |
| 05.11.2018 | 0 | 0,0000 | 0,00 |
| 06.11.2018 | 5771 | 1,3183 | 7607,91 |
| 07.11.2018 | 5680 | 1,3100 | 7440,80 |
| 08.11.2018 | 6212 | 1,3200 | 8199,84 |
| 09.11.2018 | 5768 | 1,3100 | 7556,08 |
| 12.11.2018 | 5932 | 1,3100 | 7770,92 |
| 13.11.2018 | 6083 | 1,3100 | 7968,73 |
| 14.11.2018 | 6622 | 1,3100 | 8674,82 |
| 15.11.2018 | 6949 | 1,3100 | 9103,19 |
| 16.11.2018 | 6842 | 1,2950 | 8860,39 |
| 19.11.2018 | 6959 | 1,3050 | 9081,50 |
| 20.11.2018 | 6678 | 1,3100 | 8748,18 |
| 21.11.2018 | 6679 | 1,3000 | 8682,70 |
| 22.11.2018 | 5955 | 1,3000 | 7741,50 |
| 23.11.2018 | 5738 | 1,3000 | 7459,40 |
| 26.11.2018 | 5769 | 1,3089 | 7551,04 |
| 27.11.2018 | 5770 | 1,3089 | 7552,35 |
| 28.11.2018 | 5779 | 1,3100 | 7570,49 |
| 29.11.2018 | 6035 | 1,3100 | 7905,85 |
| 30.11.2018 | 5911 | 1,3100 | 7743,41 |
| 03.12.2018 | 5816 | 1,3000 | 7560,80 |
| 04.12.2018 | 6759 | 1,3000 | 8786,70 |
| 05.12.2018 | 7051 | 1,3092 | 9231,17 |
| 06.12.2018 | 2000 | 1,3000 | 2600,00 |
| 07.12.2018 | 5708 | 1,3100 | 7477,48 |
| Total | 629370* | 1,3011 | 818901,75 |
| *of which 404294 Units have been canceled |
Analysts
Andrej Radionov, CFA
AB Swedbank
Tel: +370 525 82 395
andrej.rodionov@swedbank.lt