OREANDA-NEWS. Nasdaq (NDAQ) announces that the units of the Baltic Horizon Fund will be listed on the Nasdaq Baltic Fund List by Nasdaq Tallinn on July 6.

Baltic Horizon Fund is a public closed-end contractual investment fund registered in Estonia. The management company of the fund is Northern Horizon Capital AS. Baltic Horizon Fund’s primary focus is to invest directly into commercial real estate located in Estonia, Latvia and Lithuania with a particular focus on the capitals - Tallinn, Riga and Vilnius.

„The listing of the Baltic Horizon Fund marks the first fund listing on our Estonian market, hence it is an important day for the regional investor community,“ said Daiga Auzi?a-Melalksne, the Head of Nasdaq Baltic Exchange Services. „Widening the scope of the financial instruments available on our market is one of our top priorities and the listing of the Baltic Horizon Fund is a step forward in that direction.“

  “We are glad to be the first real estate fund that lists its units on Nasdaq Tallinn stock exchange,” said Tarmo Karotam, the Fund Manager at Baltic Horizon Fund. “Our goal is to improve the visibility of investment opportunities that a professionally led and dividend-focused business real estate fund offers. We are also delighted to contribute to development of Baltic capital markets.”

Baltic Horizon Fund carried out a combined public offering of the fund units from June 8 until June 29 in whichup to 30,567,018 units (23,668,112 new units and 6,898,906 existing units owned by the current investors) with the offer price EUR 1.3086 per unit were offered. In total, investors subscribed for 22,709,723 units that correspond approximately to EUR 30 million. As a result, the net proceeds for the Fund will be approximately EUR 20.5 million.

In total, 41,979,150 units of the Baltic Horizon Fund will be listed on the Baltic Fund List.