On 13 November 2017, EUR 8.00 per unit will be paid out to investors. This corresponds to an aggregate amount of roughly EUR 51.7 million.

Since the beginning of the fund liquidation on 5 June 2014 the amount paid out to investors amounts to approximately EUR 473 million. This corresponds to approximately 61 % of the Fund assets as of 5 June 2014, the date when the management mandate was terminated.

Liquidity for the distribution results from the recent sales, in particular from the nine properties which were sold as part of the pan-European portfolio and the sale of the student residences in Tallahassee, USA.

With the transfer of ownership of the last property, Lodz in Poland, on 1 November 2017 all properties of the SEB ImmoPortfolio Target Return Fund portfolio were sold and transferred.

Until the Fund is completely dissolved, sufficient liquidity reserves must be retained in order to meet all obligations. Retaining liquidity reserves allows the Custodian Bank to provide for potential future claims from tax authorities as well as granted warranties and guarantee claims. As risks decline over time, further distributions will be carried out, whereby the Custodian Bank decides about the timing and amount of these.

The distribution will affect the Fund’s unit value. The basis of taxation and the tax-free and taxable portions of the distribution in accordance with section 5 of the Investmentsteuergesetz (InvStG – German Investment Tax Act) will be announced on the day of the distribution on the Fund’s website. The custodian requires time to process the payout, resulting in the amount being credited several bank working days after 13 November 2017.