18. Events after the reporting date

The €25m loan issued by the Fund to the SBCI during the year was converted into share capital of the SBCI by the Minister for Finance in February 2017. The share capital of the SBCI is held by the Minister for Finance.

AIB has declared a dividend of €250m, which will be paid to the Fund in cash on 9 May 2017 and transferred to the Discretionary Portfolio.

< NOTE 17

NOTE 19 >