TOC Property Backed Lendng Tst PLC Dividend Declaration (4692V)
December 05 2019 - 3:20AM
UK Regulatory
TIDMPBLT
RNS Number : 4692V
TOC Property Backed Lendng Tst PLC
05 December 2019
For release on 5 December 2019
TOC PROPERTY BACKED LENDING TRUST PLC
Dividend Declaration
The Board of Directors (the "Board") of TOC Property Backed
Lending Trust (the "Company" or "PBLT") has declared an interim
dividend of 1.50 pence per Ordinary Share in respect of the period
from 1 September 2019 to 30 November 2019.
Distribution period: 1 September 2019 - 30 November
2019
Distribution amount 1.50 pence
per share:
Ex-dividend date: 12 December 2019
Dividend record date: 13 December 2019
Payment date: 3 January 2020
Despite ongoing challenges within the property market and wider
political uncertainties, the Board have agreed to continue the
recent dividend policy and pay an interim dividend of 1.50 pence
per ordinary share.
In the absence of unforeseen circumstances, the Company expects
the fourth interim dividend to be at least 1.50 pence per share and
paid in April 2020.
The above dividend target is a target only and not a profit
forecast. There can be no assurance that the target can or will be
met and this should not be taken as an indication of the Company's
expected or future profitability.
For further information regarding the Company (Ticker: PBLT)
(LEI: 213800EXPWANYN3NEV68) please call:
Tier One Capital Ltd (Investment Adviser) +44 (0) 191 222
Ian McElroy 0099
finnCap Ltd (Sponsor, Broker and Financial
Adviser) +44 (0) 207 220
William Marle / Grant Bergman 0500
Maitland Administration Services (Scotland) +44 (0) 1245 398
Limited (Secretary) 984
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.
Tier One Capital is a Newcastle upon Tyne headquartered wealth
management company and the appointed investment adviser to the TOC
Property Backed Lending Trust PLC. Tier One Capital has offices in
Newcastle, London and Switzerland, and specialises in providing
wealth management advice to high net worth individuals, corporates
and charities.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DIVTABPTMBBMMPL
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