TOC Prop BackLendTst - Dividend Declaration

Develop North

27/02/2020 07:00

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RNS Number : 2417E  TOC Property Backed Lendng Tst PLC  27 February 2020

 

TOC PROPERTY BACKED LENDING TRUST PLC

(the "Company" or "PBLT")

Dividend Declaration

 

The Board of Directors (the "Board") of PBLT has declared an interim dividend
of 1.50 pence per ordinary share in respect of the period from 1 December 2019
to 29 February 2020.

 

 

 Distribution period:            1 December 2019 - 29 February 2020
 Distribution amount per share:  1.50 pence
 Ex-dividend date:               5 March 2020
 Dividend record date:           6 March 2020
 Payment date:                   10 April 2020

 

 

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

 

 Tier One Capital Ltd (Investment Adviser)                        +44 (0) 191 222 0099

 Ian McElroy/Brendan O'Grady
 finnCap Ltd (Financial Adviser and Broker)                       +44 (0) 207 220 0500

 William Marle / Giles Rolls
 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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