Baltic Horizon Fund Initiates Early Bond Redemption Strategy
Baltic Horizon Fund's Early Bond Redemption Plan
Baltic Horizon Fund is making significant strides in reducing its bond exposure as part of its long-term strategy. The fund has embarked on executing its plan to redeem a portion of its bonds, specifically the fourth tranche, amounting to EUR 3,000,001.20. This redemption is anticipated to have a profound effect on the fund's overall bond structure and investment landscape.
Details of the Bond Redemption
The planned redemption of these bonds will be conducted by lowering the nominal value of each bond, with the new face value set at EUR 45,238.09. Each bondholder will receive a payment of EUR 7,264.43, which will include both the redemption payment and any accrued interest that remains unpaid. Prior to this redemption, the total nominal amount of all outstanding bonds stands at EUR 21,999,999. After this operation is concluded, the outstanding bond figure will reduce to EUR 18,999,997.8, reflecting the fund's commitment to optimizing its capital structure.
Impact on Bondholders
Bonds are a crucial component of investor portfolios, especially in the realm of real estate investments where Baltic Horizon Fund operates. By announcing this redemption, the fund aims to enhance its financial stability and provide a clearer outlook for its bondholders. For those holding onto bonds, understanding the implications of these changes is essential.
Investor Notifications
The fund will finalize the list of bondholders on April 4, 2025, marking an important date for current investors. This timeline allows stakeholders to prepare for the upcoming adjustments and understand how it will affect their investments moving forward.
Management Oversight and Fund Structure
Baltic Horizon Fund operates under the regulatory purview of the Estonian Financial Supervision Authority, assuring investors of its adherence to strict financial governance. Managed by Northern Horizon Capital AS, the fund thrives under the Alternative Investment Fund Manager license, reinforcing its commitment to responsible fund management.
Future Outlook for the Fund
The strategic decision to redeem bonds reflects Baltic Horizon Fund's agile approach to market conditions and investor interests. As the real estate landscape evolves, this proactive strategy positions the fund to navigate future challenges effectively while maintaining investor confidence.
Investor Relations and Further Information
For any inquiries or additional information regarding the bond redemption and the fund’s projects, investors are encouraged to reach out to Tarmo Karotam, the fund manager. He can be contacted directly via email at tarmo.karotam@nh-cap.com. Moreover, stakeholders can explore further details on the fund's initiatives by visiting the official website at www.baltichorizon.com.
Frequently Asked Questions
What is the purpose of the bond redemption?
The bond redemption is aimed at reducing overall bond exposure and optimizing the fund's financial structure.
When will the bondholders be finalized?
The finalization of bondholders will occur at the end of the working day on April 4, 2025.
How will this affect current investors?
Investors will receive payments that include both the redemption amount and any accrued interest, thereby retaining some liquidity from their investments.
Who manages the Baltic Horizon Fund?
The fund is managed by Northern Horizon Capital AS, a licensed holder responsible for maintaining compliance with regulatory standards.
Where can I find more updates on the fund?
Updates and information about the Baltic Horizon Fund can be found on its official website, as well as through investor communications and social media channels.
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