Baltic Horizon Fund is a regulated closed-end contractual investment fund registered in Estonia.
The Fund is a public fund with no particular lifetime (evergreen). Units of the Fund are made available to the public in accordance with the Fund rules and applicable laws.
Baltic Horizon Fund is traded on Nasdaq Tallinn Stock Exchange (Nasdaq Baltics) and also Nasdaq Stockholm.
Baltic Horizon currently holds a portfolio of 15 commercial properties worth over 345 million EUR (as of 30.06.2020). All properties are located in the capital cities of Baltics: 5 properties in Tallinn, 5 properties in Riga, and 5 properties in Vilnius. The total NLA of the portfolio is approx. 153,350 m2.
Some of the most known names of the properties in the portfolio are: Galerija Centrs, North Star, Coca-Cola Plaza and Postimaja, and other
I have been investing with Baltic Horizon fund since early February 2018, by buying funds units via local SEB bank account, see: Why I'm Investing in Baltic Horizon Fund (NHCBHFFT)
Now, there is one bold reason I like this fund, quarterly dividend payments (at least in 2017, 2018, 2019, and 2020), the yield is around 7-9%, which is among the highest yields in the Nasdaq Baltics. Sadly we cannot trade options on Baltic Horizon Fund.
The fund is distributing dividends in the following months: February, May, August, and November. The average dividend is about 0.1 EUR, which as of today's trading price represents about 8,76% dividend yield (before tax)
Investors from the Baltics should be able to buy Baltic Horizon Fund via SEB or Swedbank brokerages, investors from abroad could find Baltic Horizon Fund via Interactive Brokers.