The Healthcare Fund is structured as an investment company with variable capital, as defined in article 2:76a of the Dutch Civil Code, with its corporate seat in Amsterdam, the Netherlands.

As a result of the Fund’s fiscal investment institution (FII) status, Bouwinvest will distribute all of the net realised result to the shareholder through four quarterly interim dividend payments and one final dividend payment.

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Assets under management is defined as the net asset value of the funds, as per the chosen valuation principles of the funds, that Bouwinvest manages as investment manager.

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Despite the initial fears triggered by the Brexit vote, the Dutch economy continued its steady recovery in 2016 and economic growth of over 2% actually outpaced earlier projections.

The Fund's growth strategy is focused on achieving a stable return and increasing the size of the Fund by acquiring, managing and adding value to hotel investment properties in the Netherlands.

During the financial year, the Fund adhered to its diversification guidelines and investment restrictions.