Baltic Horizon Fund Announces Significant Bond Redemption Today
Baltic Horizon Fund's Bond Redemption Overview
Baltic Horizon Fund has made a significant move by announcing an early partial redemption of its bonds, originally issued on May 8, 2023. This decision, communicated through a stock exchange announcement, comes as a strategic step toward adjusting their financial landscape.
Details of the Redemption
The planned redemption took effect on April 10, subsequently removing a total of EUR 3,000,001.20 from the bond issuance. Prior to this action, the total nominal value of the bonds stood at EUR 21,999,999. Post-redemption, this value adjusts to EUR 18,999,997.80. Each bond's new nominal value has been adjusted to EUR 45,238.09, highlighting the implications of this early redemption.
Understanding the Fund's Management
The Baltic Horizon Fund operates as a registered contractual public closed-end real estate fund, under the expert management of Northern Horizon Capital AS. This firm holds Alternative Investment Fund Manager licenses, ensuring a compliant and strategically sound management of the Fund’s assets.
Future Steps and Communication
In light of the recent redemption, Baltic Horizon Fund is poised to continue evolving its strategy to enhance investor value. For those interested in receiving updates regarding future projects and developments from the Fund, the company encourages registration on their official website. This commitment to transparency and communication is crucial for maintaining investor confidence and trust.
Contact Information
If anyone has queries or requires further information, they can reach out directly to Tarmo Karotam, the Fund Manager. He is available via email at tarmo.karotam@nh-cap.com.
Opportunities for Engagement
Investors and interested parties are invited to follow Baltic Horizon Fund on various social media platforms, including LinkedIn, Facebook, X, and YouTube. This interaction not only keeps stakeholders informed but also fosters a stronger community around the Fund.
Market Impact
This early redemption signifies Baltic Horizon Fund’s proactive approach toward managing its obligations and optimizing its financial structure. The action may lead to enhanced stability in the markets where the bonds were issued, particularly in Tallinn and Stockholm.
Conclusion
Overall, Baltic Horizon Fund is navigating its financial obligations with strategic foresight. The bond redemption is a clear indication of their commitment to maintaining a healthy balance sheet while fostering long-term growth and shareholder value. Stakeholders are encouraged to monitor the fund's progress as it advances toward its future goals.
Frequently Asked Questions
What was the total amount redeemed by Baltic Horizon Fund?
The Fund redeemed EUR 3,000,001.20 of its bonds.
When was the redemption executed?
The redemption took place on April 10, following the announcement.
What is the new nominal value per bond after redemption?
Each bond's new nominal value is EUR 45,238.09 post-redemption.
Who manages the Baltic Horizon Fund?
The fund is managed by Northern Horizon Capital AS, which holds an Alternative Investment Fund Manager license.
How can stakeholders stay informed about the Fund's activities?
Stakeholders can register on the Fund's official website to receive updates and follow the Fund on social media platforms for continuous engagement.
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