TOC Property Backed Lending Trust PLC - closed-end investment company providing finance to the residential and commercial property sector - Confirms it will not declare second and third quarterly dividends for 2020. Says it has prioritised maintaining increased levels of liquidity.
"While the company continues to undertake a full review of its activities, it is confirmed that a final balancing dividend payment will be made in respect of the current financial year. This dividend is expected to be declared in the first quarter of 2021," TOC adds.
Current stock price: 84.10 pence
Year-to-date change: down 19%
By Paul McGowan; paulmcgowan@alliancenews.com
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