TOC Property Backed Lending Trust PLC - closed-end investment company providing finance to the residential and commercial property sector - As at November 31, net asset value per share edges higher at 83.9 pence from 83.8p the same date the year before. Net assets rises to GBP22.6 million from GBP22.5 million.
The company's portfolio had 17 projects, with a value of GBP23.3 million, down from GBP25.7 million the prior year. For the year, swings to pretax profit of GBP856,000 from loss of GBP1.2 million the year before due to smaller impairment costs.
Current stock price: 84.10 pence
Year-to-date change: down 2.2%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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