DORIC NIMROD AIR TWO LIMITED
Aug 20, 2017  

DISTRIBUTION POLICY



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.

In the event that the Company is wound-up pursuant to a Shareholder resolution, Shareholders may also receive a capital return reflecting any profit on the sale of the Assets.

Income distributions

The Company is receiving income from the Lease Rentals paid by Emirates pursuant to the Leases. It is anticipated that income distributions will be made quarterly, subject to compliance with applicable laws and regulations. The Company currently targets a distribution of 4.5 pence per Share per quarter.

There can be no guarantee that dividends will be paid to Shareholders and, if dividends are paid, as to the timing and amount of any such dividend. There can also be no guarantee that the Company will, at all times, satisfy the solvency test required to be satisfied pursuant to section 304 of the Companies Law enabling the Directors to effect the payment of dividends (although the Directors currently consider that such a failure to satisfy the solvency test is unlikely).

Return of capital

In respect of any Asset, following the sale of that Asset, the Directors may, as they deem appropriate at their absolute discretion, either (i) return to Shareholders the net capital proceeds, or (ii) re-invest such proceeds in accordance with the Company's investment policy.

Further, the Company intends to return to Shareholders net capital proceeds if and when the Company is wound-up (pursuant to a Shareholder resolution, including the Liquidation Resolution), subject to compliance with the Articles and the Companies Laws (including any applicable requirements of the solvency test contained therein).



LATEST NEWS


12.07.17 - Dividend Declaration

12.07.17 - Quarterly Factsheet

10.07.17 - Annual Financial Report and Notice of AGM

11.04.17 - Dividend Declaration

11.04.17 - Quarterly Factsheet

11.01.17 - Dividend Declaration

11.01.17 - Quarterly Factsheet

11.01.17 - Quarterly Factsheet Quarter 4 2016

02.12.16 - Half Yearly Financial Report to 30 September 2016

12.10.16 - Dividend Declaration

12.10.16 - Quarterly Fact Sheet

05.10.16 - Annual Financial Report to 31 March 2016

04.10.16 - Results of GM

14.07.16 - Dividend Declaration

14.07.16 - Annual Financial Report to 31 March 2016

13.07.16 - Quarterly Fact Sheet

29.04.16 - Quarterly Fact Sheet

14.04.16 - Dividend Declaration

14.03.16 - Disclosure of Home Member State

05.01.16 - Dividend Declaration

25.11.15 - Half Yearly Financial Report

01.10.15 - Quarterly Fact Sheet

01.10.15 - Results of GM

01.10.15 - Dividend Declaration

24.07.15 - Annual Financial Report for the period to 31 March 2015

02.07.15 - Dividend Declaration

02.07.15 - Quarterly Fact Sheet

13.05.15 - Director's Other Directorship

01.04.15 - Dividend Declaration

07.04.15 - Quarterly Fact Sheet

13.02.15 - Half Yearly Financial Report for the period to 30 September 2014

06.01.15 - Quarterly Fact Sheet

06.01.15 - Dividend Declaration

27.11.14 - Final DNA2 Accounts

18.11.14 - Results of General Meeting

14.11.14 - Notification of Major Interest in Shares

14.10.14 - ANN Notice AGM

06.10.14 - REVISED Notice and Form of Proxy

01.10.14 - Quarterly Fact Sheet

01.10.14 - Dividend Declaration – Corrective Announcement

17.09.14 - Change in Directorate

01.09.14 - Proposed Cancellation of Listing on CISEA

04.08.14 - Sale of Shares in the Company

31.07.14 - Annual Financial Report

08.07.14 - Change of name of Administrator and Company Secretary

02.07.14 - Asset Man' report announcement

01.07.14 - Dividend Declaration

01.04.14 - Dividend declaration

01.04.14 - Quarterly Fact Sheet Quarter 1 2014

13.01.14 - Change in Directorate

08.01.14 - Asset Managers report announcement

07.01.14 - Dividend declaration

07.01.14 - Change of Registered Office

07.01.14 - Quarterly Fact Sheet Quarter 4 2013

19.12.13 - DNA2 Half-yearly Financial Report Announcement

18.12.13 - Half Yearly Financial Report for the period to 30 September 2013

13.12.13 - Notification of Transaction by Director

25.11.13 - Half-yearly Financial Report Announcement

01.10.13 - Dividend Declaration

01.10.13 - Asset Manager's Report

23.08.13 - Annual Financial Report to 31 March 2013

02.07.13 - Quarterly Fact Sheet Q2 2013

02.07.13 - Dividend Declaration

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