As a result of the Fund’s fiscal investment institution (FII) status, Bouwinvest will distribute all of the Net Realised Result to the shareholders through four quarterly interim dividend payments and one final dividend payment. The Executive Board of Directors proposes to pay a dividend of € 27.4 million for 2020 (2019: € 20.1 million), 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, 69.0% was paid out in the course of 2020. The fourth instalment was paid in February 2020. The rest of the distribution over 2020 will be paid in one final instalment following the Annual General Meeting of shareholders on 14 April 2021.