Baltic Horizon Fund's Net Asset Value Highlights
The Baltic Horizon Fund continues to demonstrate strength in its net asset value (NAV), recently reporting an increase to EUR 0.6784 by the end of August. This marks a slight rise from EUR 0.6772 on July 31, indicating a steady upward trend.
Total Net Asset Growth
As of the end of August, the total net asset value of the Fund reached EUR 97.4 million, a modest increase from its previous figure of EUR 97.2 million. This growth can be attributed to effective investment strategies and strong management by Northern Horizon Capital AS.
Strong Fundamentals in Operating Performance
The Fund has shown impressive consolidated net rental income of EUR 1.1 million for the month of August, surpassing July's EUR 1.0 million. This growth in income was largely due to the recently transitioned leasing agreements with the main tenant at S27, emphasizing the Fund's ability to secure worthy investments that contribute to financial health.
Cash Position and Financial Management
Consolidated cash and cash equivalents at the end of August stood at EUR 5.8 million, down from EUR 7.5 million in July. This decrease primarily resulted from loan repayments amounting to approximately EUR 1 million and a bond coupon payment of EUR 0.5 million. Despite the reduction in cash, total consolidated assets maintained a robust level at EUR 238.2 million compared to EUR 239.3 million at the end of the previous month, demonstrating effective financial management.
Fund Management Overview
The Baltic Horizon Fund operates as a registered contractual public closed-end real estate fund, expertly managed by Northern Horizon Capital AS, an Alternative Investment Fund Manager license holder. This solid foundation underpins the Fund's performance and fosters investor confidence.
Company Contact Information
For further inquiries or detailed information regarding the Fund's performance and strategy, potential investors and interested parties can reach out to:
Tarmo Karotam
Baltic Horizon Fund Manager
E-mail tarmo.karotam@nh-cap.com
Website: www.baltichorizon.com
Frequently Asked Questions
What is the current NAV for the Baltic Horizon Fund?
The current NAV for the Baltic Horizon Fund stands at EUR 0.6784 as of the end of August.
How much was the total net asset value of the Fund?
The Fund's total net asset value reached EUR 97.4 million at the end of August.
What drove the increase in net rental income for August?
The increase was largely driven by new rental income from the premises leased to the anchor tenant at S27.
What are the total consolidated assets of the Fund?
The total consolidated assets amounted to EUR 238.2 million at the end of August.
Who manages the Baltic Horizon Fund?
The Fund is managed by Northern Horizon Capital AS, which holds an Alternative Investment Fund Manager license.
