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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 00:36

Investors subscribe Baltic Horizon Fund's units for EUR 20.6 mln

BC, Riga, 01.12.2016.Print version
During a follow-up public offering of Baltic Horizon Fund, a recently listed closed-end real estate fund, investors subscribed units worth 20.6 million euros and the fund has decided to allocate each investor all units they subscribed for.

Investors subscribed a total of 15.3 mln new units. The management company of the fund, Northern Horizon Capital AS, decided to allocate each investor all units they subscribed for, the company told the stock exchange.


Therefore Northern Horizon decided not to use the upsizing option. As a result of the offering, the number of the fund's units is to grow by 15.3 mln euros to 57.3 mln euros.


"We are satisfied with the result of the secondary public offering of the fund this year and are especially pleased to have more than 4,000 new investors show trust in the Baltic Horizon investment case," fund manager Tarmo Karotam said in a press release.


On Nov. 30 the Stockholm stock exchange approved the application of Northern Horizon Capital to list the fund's units in the alternative investment funds market of the Stockholm stock exchange.






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