CMH AIRCRAFT FUNDS PAYS FIRST DIVIDEND

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By TESTCustomwebLP TESTCustomwebLP August 8, 2011 14:52

CMH AIRCRAFT FUNDS PAYS FIRST DIVIDEND

Bahrain-based investment bank Capital Management House (CMH), has paid its first dividends to investors of its aircraft leasing investment fund.

Early investors in the fund, which was established in partnership with Novus Aviation and Muzun Partner, have received the first payment calculated at 10% per annum for the period ending 31 March 2011. Subsequent distributions will be made on a quarterly basis.

The fund has been structured around a six-year sale-leaseback transaction on one 777-200ER with Emirates Airlines.

The fund is now being offered to additional investors across the region.

“The fund and our existing investment in the Boeing 777-200ER airliner acquired and leased back to Emirates has affirmed our strategy that acquiring income yielding assets not only provides the bank and our investors with strong potential for capital appreciation over time but, importantly, ensures a recurring and sustained stream of income,” said Khalid M. Najibi, managing director of CMH.

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By TESTCustomwebLP TESTCustomwebLP August 8, 2011 14:52
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