Baltic Horizon Fund's SDRs Set for Delisting in Sweden
Baltic Horizon Fund's Successful Delisting Application
In an important development for Baltic Horizon Fund, the management board of Northern Horizon Capital AS has initiated the process to terminate its Swedish Depositary Receipts (SDRs). By submitting a delisting application to Nasdaq Stockholm, the board has taken a significant step towards this strategic change. Nasdaq Stockholm has already approved the application, with the final day of trading in SDRs scheduled.
Key Dates for Investors
As part of the delisting timeline, Baltic Horizon Fund has established clear dates that investors should be aware of. The last day of trading in SDRs is set, allowing investors time to make critical decisions. Investors currently holding SDRs must consider their options carefully, as a failure to act by the set deadlines will lead to mandatory conversions or sales of their SDRs.
Understanding the Conversion Process
For investors wishing to convert their SDRs into fund units, the process varies depending on how the SDRs are held. Investors with nominee accounts need to engage with their banks, while those holding SDRs directly should reach out to Nordic Issuing AB for assistance. This proactive approach is essential in ensuring that their investments are not inadvertently lost due to inaction.
Investor Resources and Webinars
Aiming to keep investors informed, Baltic Horizon Fund held a webinar where Tarmo Karotam, the fund manager, provided detailed information regarding the termination of the SDR programme. The recording of this informative session is accessible for those unable to attend live. This initiative underscores the fund's commitment to transparency and investor education.
Accessing Additional Information
For further information or any inquiries regarding the SDRs, stakeholders are encouraged to reach out directly to Tarmo Karotam via email. Ensuring that all investors have access to necessary guidance is a priority for the management team, making it easier for participants to navigate this transition smoothly.
About Baltic Horizon Fund
The Baltic Horizon Fund operates as a registered contractual public closed-end real estate fund. Managed by Northern Horizon Capital AS, it adheres to the regulations of Alternative Investment Fund Manager license holders. This structure not only enhances investor confidence but also aligns the fund's objectives with best practices in fund management.
Frequently Asked Questions
What is the current status of Baltic Horizon Fund's SDRs?
Baltic Horizon Fund's SDRs are in the process of delisting from Nasdaq Stockholm, with the last trading day anticipated soon.
How can investors convert their SDRs?
Investors with nominee accounts should contact their banks, while direct-registered holders must reach out to Nordic Issuing AB for conversion procedures.
What happens if I do not take action regarding my SDRs?
If no action is taken by the deadline, held SDRs will automatically undergo mandatory conversion or be sold.
Who can I contact for more information?
Tarmo Karotam, the fund manager, is available for queries via the provided email address or through the fund's official website.
Is there a recording of the recent investor webinar?
Yes, the recording of the webinar detailing the SDR programme and delisting is available for viewing for those who missed the live session.
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