27 Feb 2020 07:00
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) 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.