Investor Engagement through a New General Meeting
Recently, an Extraordinary General Meeting (the “General Meeting”) of Baltic Horizon Fund unit-holders took place. Unfortunately, the quorum for making decisions was not met, creating the need for a follow-up meeting to discuss vital fund matters.
Understanding the Meeting’s Agenda
The main point on the agenda was a resolution concerning the issuance of new units during the first quarter of the following year. This issuance aims to enhance the financial health of the Baltic Horizon Fund.
About 35% of the unit-holders attended the latest meeting, which fell short of the 50% quorum requirement. This shortfall prevented the proposed resolution from being approved, prompting the management company, Baltic Horizon Capital AS, to schedule a new meeting with the same agenda.
New General Meeting Details
The repeat General Meeting will be held shortly. Investors are encouraged to participate on the specified date and time. Registration will be open prior to the meeting, allowing investors to submit their interests for attendance.
Webinar Participation
The upcoming meeting will offer a webinar option for those unable to attend in person. Participating online offers an opportunity to stay informed about the fund’s operations and voice concerns or questions during the session.
Importance of Capital Issuance
The issuance of new units is crucial. It serves several purposes, including:
- Reducing the fund’s leverage, thus making it more sustainable for the long term.
- Offering existing investors the chance to maintain their share without facing dilution.
- Providing funding for de-leveraging and potentially improving asset quality.
This strategic move expects to create a more robust fund positioning, ultimately benefiting all unit-holders involved.
Participation and Voting Procedures
To ensure all eligible investors can contribute to the discussions, there are defined prerequisites for participation. Unit-holders must be registered in the Baltic Horizon Fund registry prior to the General Meeting date. Specific steps are outlined for those wishing to send a proxy or vote on behalf of others. These methods empower investors to take control of their holdings even if they cannot attend in person.
Engagement and Questions
The fund encourages investors to submit any questions they might have regarding the agenda. This approach highlights the fund's commitment to transparency and communication, allowing feedback and inquiries to be addressed directly at the meetings.
Contact Information for Investors
For those seeking further details or clarification, Tarmo Karotam, the fund manager, is available for inquiries. Investors can reach out via email, which fosters engagement and ensures that all voices are heard within the fund's community.
Frequently Asked Questions
What is the purpose of the General Meeting?
The General Meeting aims to discuss important resolutions regarding the issuance of new units and to strengthen the fund's balance sheet.
What happens if the quorum is not met?
If the quorum is not met, proposed resolutions cannot be adopted, necessitating a new meeting.
How can investors participate in the General Meeting?
Investors can participate in person or via a webinar. Registration is necessary for both methods.
What information can investors request?
Investors can submit questions regarding the agenda, which will be addressed during the meeting.
Who can I contact for more information?
Tarmo Karotam, the fund manager, is available for any inquiries regarding the fund and upcoming meetings.
