Secondary public offering of
“We are satisfied with the results, considering the current difficult environment for fund raising due to COVID-19. Nearly 500 new retail investors were onboarded from the Baltic States during subscription period and it was the first time we introduced Baltic Horizon to Lithuanian retail investors as long term real estate investment opportunity. With the new equity raised, we can pursue our investment plans with the continuous focus on regular quarterly dividends”, commented Tarmo Karotam, Fund manager of
Aare Tammemäe, partner of Redgate Capital AS: “Baltic Horizon Fund units subscription results were satisfactory, considering the tough environment where many institutional investors had uncertainty about the future economic developments overall. Also, passing the new law on Estonian pension fund system reform made it more difficult for the pension funds to look at local instruments.”
As a result of the offering the total number of
For additional information please contact:
Tarmo Karotam
E-mail tarmo.karotam@nh-cap.com
www.baltichorizon.com
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