Net asset value (NAV) of Baltic Horizon Fund (the Fund) unit as of end of June 2018 amounted to 1.3811 EUR per unit. Compared to previous month, NAV increased by +0.77%. NAV was affected positively by operating performance of properties and valuations and downwards by negative movement in SWAP hedge reserve during the month. In June 2018, the property valuations resulted in a fair value gain of EUR 480 thousand. The summary of property valuations are available at the Fund`s website. More information will be provided in the semi-annual report.
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.
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