Baltic Horizon Fund Reports on April 2025 NAV
The Baltic Horizon Fund (the Fund) recently announced its net asset value (NAV) of EUR 0.6740 per unit at the end of April 2025, a slight decrease from EUR 0.6769 recorded on March 31, 2025. This change in NAV reflects ongoing market dynamics, including a minor decline in the fair value of derivative financial instruments, alongside some expenses associated with early partial bond redemptions.
Financial Highlights for April 2025
As of April 30, 2025, the Fund's total NAV stood at EUR 96.8 million, down from EUR 97.2 million from the previous month. This steady performance can largely be attributed to maintaining a stable net rental income, which held firm at EUR 1.0 million, consistent with March figures.
Cash Position and Asset Overview
By the close of April 2025, Baltic Horizon Fund's consolidated cash and cash equivalents were reported at EUR 8.2 million, down from EUR 12.8 million at the end of March 2025. The total consolidated assets diminished to EUR 239.0 million from EUR 243.2 million, primarily due to a EUR 3 million early bond redemption that occurred in early April 2025.
Management Insights
Tarmo Karotam, the fund manager, continues to emphasize the importance of strategic financial management in navigating challenging market conditions. Despite the recent fluctuations in valuation and liquidity, the Fund remains committed to its long-term investment strategy and maintaining its robust portfolio.
Contact Information
For further inquiries, please reach out to Tarmo Karotam, the Baltic Horizon Fund manager. You can contact him via email at tarmo.karotam@nh-cap.com.
To learn more about Baltic Horizon Fund and its management strategies, visit www.baltichorizon.com.
Current Fund Management
The Baltic Horizon Fund operates under the management of Northern Horizon Capital AS, which holds the Alternative Investment Fund Manager license. This oversight ensures regulatory compliance while optimizing fund performance.
Frequently Asked Questions
What is the current NAV of Baltic Horizon Fund?
The latest NAV as of April 2025 is EUR 0.6740 per unit.
How did the Fund's cash position change in April 2025?
The Fund's cash and cash equivalents decreased to EUR 8.2 million from EUR 12.8 million in March 2025.
Why did the NAV decrease this month?
The decline in NAV was mainly due to changes in fair value of financial instruments and expenses related to an early bond redemption.
What was the consolidated rental income for April?
The consolidated net rental income for April 2025 remained steady at EUR 1.0 million.
Who manages the Baltic Horizon Fund?
Baltic Horizon Fund is managed by Northern Horizon Capital AS, which specializes in alternative investments.
