In 2016, € 112.5 million (2015: € 104.1 million) was paid as dividend.

As at 31 December 2016, the Fund’s total future commitments amounted to € 634 million (2015: € 692 million).

The Residential Fund and members of the Supervisory Board and Board of Directors of Bouwinvest Real Estate Investment Management B.V. (Bouwinvest) and the other entities under management by Bouwinvest, qualify as related parties of the Fund.

Bouwinvest is the manager and the Statutory Director of the Fund. The management fee paid for the year 2016 amounted to € 17.2 million (2015: € 14.3 million).

The table below shows the fees charged over the year 2016 by Deloitte Accountants B.V. and the Deloitte Network in respect of activities for the Residential Fund.

As of January 2017, three Dutch pension funds committed for a total of € 148 million and shares were issued for € 75 million.

Amsterdam, 20 March 2017

Appropriation of profit is provided for in Article 20 of the Residential Fund’s Articles of Association. This specific article is quoted below.

In order to give investors information on the transition from the Net Asset Value (NAV) according to IFRS to the adjusted NAV based on INREV valuation principles, the Fund reports the adjustments according to the INREV valuation principles.

All amounts in € thousands, unless otherwise stated