Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 1.95% of the Fund’s Q4 2018 weighted average net asset value to its unitholders. This equals to approx. EUR 2.12 million in total and EUR 0.027 per unit. The pay-out also represents a 7.8% rolling distribution yield (remained stable in comparison to the last quarter at 7.8%) for the past 12 months based on the closing unit price of the last day of Q4 2018 on Nasdaq Tallinn stock exchange.
In total, the Fund has paid out EUR 8.04 million from the operating results of 2018 (EUR 1.90 million from Q1, EUR 1.98 million from Q2, EUR 2.04 million from Q3 and EUR 2.12 million from Q4).
Payments will be distributed from the Fund on 14 March 2019. Unitholders entitled to receive distributions will be determined according to a unitholders list as of 11 March 2019 end of business day in T2S settlement system (Record date).
For additional information please contact:
Baltic Horizon Fund manager
Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS.
Distribution: Nasdaq Tallinn, Nasdaq Stockholm, GlobeNewswire, www.baltichorizon.com
This announcement contains information that the Management Company is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the above distributors, at 11:10 EET on 13 February 2019.