The Management Company of Baltic Horizon Fund (the Fund) has filed an application to Nasdaq CSD SE to cancel and delete 404,294 Fund units bought back during the period of 1 August 2018 – 19 October 2018 under the buy-back program. Before cancellation, the total number of Fund units is 79,157,094. After cancellation, the total amount of units will be 78,752,800. The cancellation is expected to be registered in approximately 2 business days.
All acquisitions during the buy-back program have been made on Nasdaq Tallinn by SEB Pank AS, acting as a broker carrying out the buy-back program of the Fund units.
The buy-back program duration will be until 19.06.2019 in the course of which the Fund can acquire up to 5 million units for up to EUR 5 million for the price below the most recent NAV.
The Fund rules provide that units held on the account of the Fund must be cancelled within 3 months after the purchase.
Baltic Horizon Fund manager
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: Nasdaq Tallinn, Nasdaq Stockholm, GlobeNewswire, www.baltichorizon.com