Baltic Horizon Fund: June 2019 NAV and changes in Financial Calendar
Net asset value (NAV) of Baltic Horizon Fund (the Fund) unit as of the end of June 2019 amounted to 1.3381 EUR per unit. Compared to the previous month, NAV decreased by -1.28%. The NAV decrease was mainly affected by slightly negative property valuations and negative cash flow hedge reserve movement during the month, which is a result of decreasing euribor. In June 2019, the portfolio valuation resulted in a fair value loss of EUR 2,439 thousand (-0.72%). Fair values of some investment properties in the portfolio decreased mainly due to downward adjustments in EU and Baltic consumer price index levels for the coming years, which are used in valuation calculations. The summary of property valuations is available at the Fund`s webpage. More information will be provided in the semi-annual report.
The management company also informs about changes in the financial calendar of the Fund. Distribution decision to unitholders for the Q2 2019 results will be announced on the week 31. Previously the planned date of the announcement was week 33. Distribution decision to unitholders for the Q3 2019 results will be announced on the week 42. Previously the planned date of the announcement was week 46. Updated financial calendar is available on the Fund’s webpage.
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. Both the Fund and the Management Company are supervised by the Estonian Financial Supervision Authority.
Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com