Doric Nimrod Air Two’ s investment objective is to obtain income returns and a capital return for its Shareholders by acquiring, leasing and then selling aircraft.
Doric Nimrod Air Two has purchased seven Airbus A380-861 aircraft, which it is leasing to Emirates Airlines, the national carrier owned by the Investment Corporation of Dubai, based in Dubai, United Arab Emirates.
Doric Nimrod Air Two is receiving income from the leases and its directors intend to target a gross distribution to shareholders of 4.5 pence per Share per quarter (after costs and payment of any fees) after all seven aircraft have been purchased, amounting to a yearly distribution of 9% based on the initial placing price of 200 pence per share.
The fund’s website can be found here.