• by  • July 11, 2019 • Doric III

    DORIC NIMROD AIR THREE LIMITED

    DIVIDEND DECLARATION

    Overview

    Doric Nimrod Air Three Limited (LSE:DNA3) (the “Company“) is a Guernsey domiciled company with Ordinary Preference Shares admitted to trading on the Specialist Fund Segment of the London Stock Exchange’s Main Market.

    Declaration of Dividend

    In line with the distribution policy the directors of the Company have declared an interim dividend of 2.0625 pence per Ordinary Preference Share in respect of the financial year ending 31 March 2020.

    This dividend will be payable on or around 31 July 2019 to holders of record 19 July 2019.  The corresponding ex-dividend date will be 18 July 2019.

    Future dividend payments are anticipated to be declared and paid on a quarterly cycle as per the prospectus, subject to compliance with applicable laws and regulations.

    Investment Objectives and Policy

    The Company’s investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing and then selling aircraft.

    In the pursuit of its investment objective the Company has used the net proceeds of placings and other equity capital raisings, together with debt facilities (or instruments), to acquire four Airbus A380 aircraft which have each been leased on twelve year terms to Emirates Airline, the national carrier owned by the Investment Corporation of Dubai based in Dubai, United Arab Emirates.

    The Company aims to provide shareholders with an attractive total return comprising income from distributions through the period of the Company’s ownership of the Assets and capital upon the sale of the Assets.

    Investor information

    The latest available information on the Company can be accessed via the Company’s website http://www.dnairthree.com