Baltic Horizon Fund's SDR Program Termination
In an important announcement, Baltic Horizon Fund has shared plans regarding the cessation of its Swedish Depositary Receipts ("SDR") program and the planned delisting from Nasdaq Stockholm. This move positions the Fund for a transition in strategies, potentially enhancing its operations and focus on investors.
Details of the Termination
Recently, the issuer of SDRs, Nordic Issuing AB, confirmed to SDR holders about the termination under section 17.1 of the SDR's terms. Investors are now officially informed that the SDRs will conclude on a specified date, marking a significant milestone for the Fund.
Timeline and Important Dates
This termination process follows a clearly outlined timeline that holders must heed:
- Last day of trading will occur on 8 October 2025.
- The record date for de-registration of the SDRs is set for 14 October 2025.
- As the record date approaches, any remaining SDRs not converted will undergo mandatory conversion into fund units.
Options for Investors
Investors holding SDRs are called upon to make crucial decisions before the record date. They can opt to sell their SDRs or convert them into fund units by notifying Nordic Issuing AB. Should investors fail to make a decision, mandatory conversions will follow, ensuring every holder has a clear path forward.
Webinar Invitation and Additional Information
In an effort to keep investors informed, the Fund extends an invitation to its upcoming investor conference webinar. This session will deliver additional insights regarding the SDR termination and the implications of the delisting event. It's scheduled for 14:00 (local time) on a designated date, providing key details directly from the Fund managers.
How to Participate
Investors interested in joining the webinar must register in advance. Those unable to attend live can access the recording at a later date, with instructions provided during the registration process.
Contact for Queries
For inquiries, Tarmo Karotam, the Fund's manager, is available for assistance. Investors can reach out through his email for any clarification or further assistance regarding the SDR termination process.
About Baltic Horizon Fund
Baltic Horizon Fund operates as a registered public closed-end real estate fund, under the management of Northern Horizon Capital AS. This structure facilitates strategic investments in a diversified real estate portfolio across the Baltic region.
Frequently Asked Questions
What is the SDR program termination?
The SDR program termination involves closing the Swedish Depositary Receipts for Baltic Horizon Fund, impacting holders' trading options.
When does the trading of SDRs end?
The last day of trading is set for 8 October 2025.
What options do holders of SDR have?
Holders can sell their SDRs or convert them to fund units by notifying Nordic Issuing AB before the record date.
Where can I find more information about the webinar?
Details will be provided during the registration process for the webinar, where further insights will be shared.
Who can I contact for more inquiries?
Tarmo Karotam, the Fund manager, is available via email for any questions related to the SDR termination.
