Baltic Horizon Fund Reports August 2024 Financial Performance
Baltic Horizon Fund Financial Update for August
The Baltic Horizon Fund (the Fund) recently released its net asset value (NAV) figures, marking an important milestone in its financial journey. As of the end of August, the NAV per unit stands at EUR 0.8011, a slight dip from EUR 0.8028 recorded at the end of July. Overall, the Fund's total net asset value reached EUR 95.8 million, down from EUR 96.0 million the previous month.
Detailed Financial Overview
In a consistent performance, the consolidated net rental income for the Fund maintained at EUR 1.0 million, which mirrors the earnings from July. This stability reflects the Fund's strategic management and investments.
Exciting New Developments
One notable highlight from August is the signing of a new lease agreement with EXPO Group. This partnership will pave the way for the launch of an exciting interactive entertainment center, encompassing approximately 2,000 square meters within Galerija Centrs. This initiative signals the Fund's commitment to diversifying its portfolio and enhancing tenant services.
Cash Flow and Asset Position
At the close of August, the Fund’s consolidated cash and cash equivalents totaled EUR 3.9 million, which is a decrease from EUR 4.8 million reported at the end of July. The total consolidated assets of the Fund as of August 31 were EUR 249.8 million, slightly down from EUR 250.1 million in July.
Management and Oversight
The Baltic Horizon Fund operates as a registered contractual public closed-end real estate fund under the management of Northern Horizon Capital AS, a licensed alternative investment fund manager. The Fund, alongside the management company, is committed to maintaining transparency and investor confidence by adhering to the regulations of the Estonian Financial Supervision Authority.
Contact Information
For further insights or inquiries regarding the Baltic Horizon Fund, interested individuals are encouraged to reach out to:
Tarmo Karotam
Baltic Horizon Fund Manager
Email: tarmo.karotam@nh-cap.com
Investors and stakeholders can glean more information about the Fund’s portfolio, projects, and updates by visiting www.baltichorizon.com.
Frequently Asked Questions
What is the NAV reported for August 2024?
The NAV per unit for the Baltic Horizon Fund as of August 2024 was EUR 0.8011.
How much was the net rental income for the Fund?
The consolidated net rental income remained stable at EUR 1.0 million in August, just like in July.
What new initiatives have been announced by the Fund?
The Fund has signed a lease with EXPO Group to develop a 2,000 square meter interactive entertainment center.
What are the total assets of the Baltic Horizon Fund?
The total consolidated assets were reported at EUR 249.8 million at the end of August 2024.
Who manages the Baltic Horizon Fund?
The fund is managed by Northern Horizon Capital AS, which is regulated by the Estonian Financial Supervision Authority.
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