Baltic Horizon Fund Bondholders Approve Key Amendments

Author: Evelyn Baker Updated: 06-12-2025 11:48 AM

Approval of Bondholder Amendments by Baltic Horizon Fund

Baltic Horizon Fund recently sought the approval of its bondholders for significant amendments to the terms and conditions of its EUR 42 million 5-year floating rate bonds set to mature in 2028. This initiative, focused on improving the bond terms, was launched through a written procedure to streamline communication and decision-making among bondholders.

Voting Process and Results

To ensure credibility and thoroughness in the voting process, only those bondholders who were registered in the official bondholder registry maintained by Nasdaq CSD SE were allowed to participate. On the designated date, an impressive number of holders representing a total nominal value of EUR 18,999,997.80, which amounts to 100% of all Bonds, actively voted in favor of the proposed amendments.

Unanimous Support for Amendments

The bondholders expressed their unanimous support for the proposed changes to the voluntary early redemption provisions of the Bonds. This favorable outcome allows Baltic Horizon Fund the flexibility to execute voluntary early redemptions in tranches of at least EUR 3 million, a move that underscores the fund’s proactive management approach and commitment to maximizing value for its investors.

Publication of Amendments

Following the approval, Baltic Horizon Fund announced that the amended Terms and Conditions will be made available on their website within three business days. This transparency is crucial for maintaining trust and ensuring that all stakeholders are informed about the changes that may affect their investments.

About Baltic Horizon Fund

Baltic Horizon Fund is a unique public closed-end real estate fund operating under Estonian law and is managed by Northern Horizon Capital AS, a licensed Alternative Investment Fund Manager. The fund and its management are subject to oversight by the Estonian Financial Supervision Authority, ensuring compliance and protection for investors.

Contact Information

If you require any further information or have inquiries regarding the amendments and investment opportunities, please reach out to Tarmo Karotam, the manager of Baltic Horizon Fund, at tarmo.karotam@nh-cap.com.

Frequently Asked Questions

What amendments were approved by the bondholders?

Bondholders approved changes to the voluntary early redemption provisions, allowing the fund to redeem portions of bonds early.

How many bondholders participated in the voting?

All registered bondholders, representing 100% of the Bonds' nominal value, participated in the voting process.

What is the minimum amount for voluntary early redemptions?

The fund can carry out voluntary early redemptions in tranches of at least EUR 3 million.

Where can I find the revised Terms and Conditions?

The amended Terms and Conditions will be published on the Baltic Horizon Fund’s website within three business days.

Who manages the Baltic Horizon Fund?

The fund is managed by Northern Horizon Capital AS, an authorized Alternative Investment Fund Manager under Estonian law.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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