Net asset value (NAV) of Baltic Horizon Fund (the Fund) unit as of the end of July 2019 amounted to 1.3451 EUR per unit. Compared to the previous month, NAV increased by +0.52%. The NAV was affected positively by operating performance of properties including newly acquired Galerija Centrs. The Fund earned unaudited consolidated net profit of EUR 907 thousand in July 2019. Cash flow hedge reserve movement had a negative effect on the NAV during the month. More information will be provided in the Q3 2019 quarterly 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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