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. The Board of Directors proposes to pay a dividend of € 54.06 per share for 2016 (2015: € 34,089), which corresponds to a pay-out ratio of 100%. It is proposed that the dividend will be paid in cash, within the constraints imposed by the company’s fiscal investment institution (FII) status. Of this total dividend, 74.7% was paid out in 2016. The fourth instalment was paid on 7 March 2017. The remainder of the distribution over 2016 will be paid in one final instalment following the Annual General Meeting of Shareholders on 19 April 2017.