TOC Prop BackLendTst - Annual Financial Report

Develop North

10/07/2020 18:22

RNS Number : 7293S

TOC Property Backed Lendng Tst PLC

10 July 2020

 

 

TOC PROPERTY BACKED LENDING TRUST PLC

(the "Company" or "PBLT")

Annual Report for the year ended 30 November 2019

The Annual Report for the year ended 30 November 2019 has been sent to shareholders, together with a Notice of General Meeting.

Copies of the Annual Report for the year ended 30 November 2019, including the Notice of General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at:  https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website:  http://www.tocpropertybackedlendingtrust.co.uk/.

 

 

For further information regarding the Company (Ticker: PBLT) (LEI: 213800EXPWANYN3NEV68) please call:

 

Tier One Capital Ltd (Investment Adviser)
Ian McElroy/Brendan O'Grady
+44 (0) 191 222 0099
finnCap Ltd (Financial Adviser and Broker)
William Marle / Giles Rolls
+44 (0) 207 220 0500
Maitland Administration Services (Scotland) Limited (Secretary)
+44 (0) 1245 398 950

 

 

Notes to Editors:

 

TOC Property Backed Lending Trust PLC is a closed-end investment company. Its investment objective is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term while managing downside risk through: (i) a diversified portfolio of fixed rate loans predominantly secured over land and/or property in the UK; and (ii) in many cases, receiving the benefit of an associated profit share usually obtained by acquiring (at nil cost) a minority equity stake in the relevant borrower project development vehicle.

The Company's investment adviser is Tier One Capital Limited ("Tier One" or the "Investment Adviser"). Tier One is a Newcastle upon Tyne headquartered wealth management company and the appointed investment adviser to the TOC Property Backed Lending Trust.  Tier One has offices in Newcastle, London and Switzerland, and specialises in providing wealth management advice to high net worth individuals, corporates and charities.

 

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