Net asset value (NAV) of Baltic Horizon Fund (the Fund) unit as of end of March 2019 amounted to 1.3929 EUR per unit. Compared to previous month, NAV increased by +0.42%. The NAV was affected positively by operating performance of properties including newly acquired Duetto II. The Fund earned unaudited consolidated net profit of EUR 785 thousand in March 2019. Cash flow hedge reserve movement had a negative effect on the NAV during the month. More information will be provided in the Q1 2019 quarterly report.
Additional information:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
www.baltichorizon.com
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
