The Fund management will pay out EUR 3.00 per unit to investors on 3 April 2017. This corresponds to an aggregate amount of roughly EUR 19.4 million.

The final distribution before the Fund is transferred to the Custodian Bank on 31 May 2017 brings the amount paid out to investors by the Fund management during the three-year dissolution period to approximately EUR 421 million. This corresponds to approximately 54% of Fund assets as of 5 June 2014, the date when the management mandate was terminated.

The liquidity for the distribution comes from the positive results of the sale of the six office properties in Germany in the autumn of 2016 and the sale of the equity interest in the China Town Point development project in Singapore in December 2016.

The Fund management must retain sufficient liquidity reserves to meet all obligations until the Fund is finally dissolved. Establishing these liquidity reserves allows the management to provide for potential claims for back taxes on the part of the fiscal authorities, warranty and guarantee claims, and administrative and management costs incurred by the Fund once rental income ceases to flow following the sale of the properties. Consequently, the Fund management will operate a restrained distribution policy.
SEB ImmoPortfolio Target Return Fund’s remaining portfolio currently comprises 12 properties in 4 countries. The Fund management is currently in the advanced stages of sales negotiations. Additional liquidity will be distributed to investors as soon as transactions can be closed.

The distribution will affect the Fund’s unit value. The bases 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 in good time before the distribution on the Fund’s website. The account custodians will need time to process the payout, meaning that the amount paid out will only be credited several bank working days after 3 April 2017.